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<br />RELATED CITY POLICIES <br />Policy B.1 of the City’s Financial Management Goals and Policies states that “The City will maintain an <br />accounting and financial reporting system that allows reporting in conformance with Generally <br />Accepted Accounting Principles and Oregon Local Budget Law and will issue a Comprehensive Annual <br />Financial Report each fiscal year.” This action signifies formal completion of this process for the fiscal <br />year ended June 30, 2008, and demonstrates the council’s compliance with the policy. <br /> <br /> <br />COUNCIL OPTIONS <br />None. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br />The City Manager recommends adoption of the proposed resolution. <br /> <br /> <br />SUGGESTED MOTION <br />Move to adopt Resolution 4960 acknowledging receipt of the Comprehensive Annual Financial Report <br />(CAFR) for the City of Eugene for the fiscal year ended June 30, 2008. <br /> <br /> <br />ATTACHMENTS <br /> <br /> <br />A.Resolution <br /> <br />B.Copy of the 2008 Comprehensive Annual Financial Report <br /> <br />C.Copy of the Isler CPA memo <br /> <br /> <br />FOR MORE INFORMATION <br />Staff Contact: Fionan Cronin <br />Telephone: 682-5394 <br />Staff E-Mail: finn.j.cronin@ci.eugene.or.us <br /> <br /> <br /> <br /> Z:\CMO\2009 Council Agendas\M090112\S0901123C.doc <br />