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MIL <br />Department proval: <br />Manager Approved.- <br />Item Description: Presentation of the 2002 Annual Financial Report <br />Date: 6/16/2002 <br />Item No: IIII. A. <br />Agenda Section: <br />Presentations <br />Background <br />State Statute requires an annual presentation of the year -end financial report by an independent auditor. <br />The purpose is to provide a forum for which an independent report can be made directly to elected officials <br />with regard to the City's financial operations. A copy of the 2002 Annual Financial Report is attached, <br />along with a copy of the Auditor's Management Report. <br />The lead auditor from the f rrn of Kerns DeWentcr, Viere, Ltd., will be esent t� provide an overview of <br />p <br />the Annual Report, as well as the audit process and any required disclosures. <br />Staff will be available for any follow-up llow-up questions if necessary. <br />Wachments <br />1) 2002 Financial Deport <br />2) Management Deport prepared by the firm of Kern, Dc enter} Viere, Ltd. <br />Council Action Requested <br />Accept the 2002 Annual Financial Report. <br />