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FY 2023 Annual Comprehensive Financial Report Results.
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Staff: |
Department: |
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Amy Oland, Director |
Business Management |
Overview: The Town’s Annual Comprehensive Financial Report (ACFR) for the period ended June 30, 2023 is available on the ’Towns website <https://www.townofchapelhill.org/government/departments-services/business-management/financial-statements> and will be distributed to third-party entities (bond rating agencies, banks, government institutions) who request this updated data annually from the Town. The ACFR is a record of the Town’s financial performance for that fiscal year and a snapshot of the Town’s fiscal condition as of June 30, 2023. The information in the Town’s ACFR provides important indicators of the Town’s financial health that are used by a variety of outside stakeholders, including investors, bond rating agencies, state and federal agencies.
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Recommendation(s): |
That the Council receive this report on the Town’s ACFR for FY 2023.
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Attachments: |
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• Draft Town of Chapel Hill FY 2023 Auditor Presentation |
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• Draft Staff Presentation |
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• LINK: FY 2023 Annual Comprehensive Financial Report (ACFR) <https://www.townofchapelhill.org/home/showpublisheddocument/54938/638356559457919695> |
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The Agenda will reflect the text below and/or the motion text will be used during the meeting. |
presenter
PRESENTER: Kari Dunlap, Senior Manager with Martin Starnes & Associates, CPAs, P.A. and
Amy Oland, Business Management Director
RECOMMENDATION: That the Council receive the FY 2023 Audit Results presentation from the Town’s auditors, Martin Starnes & Associates, CPAs, P.A. and the FY 2023 Financial Update from the Town’s Business Management Director, Amy Oland. Additional material in the packet includes the FY 2023 Annual Comprehensive Financial Report (ACFR).