Sunday, February 7, 2010

The FY 2009 CAFR

On Friday, February 5, the Committee of the Whole and t he Committee on Finance and Revenue held a joint public briefing on the FY 2009 CAFR.   City Administrator Neil Albert testified at the hearing as did CFO Nat Gandhi.   Council Chair Vince Gray delivered this opening statement.   Mr. Gray was joined on the dais by Ward 2 CM Jack Evans and At-large CM David Catania.   The rest of the members were MIA (caveat -- I was not watching the briefing the entire time and it is not yet a VOD on OCT).

As was pointed out by CFO Nat Gandhi and Mayor Fenty on the release of the CAFR, this was the 13th consecutive clean audit.   Despite the unqualified opinion and no material weaknesses, the city does have some management things to rectify as outlined in the yellow book, Independent Auditors’ Report on Internal Control Over Financial Reporting.

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