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15-4164
| 1 | 1. | | Communication or Report | Status of Legislative Policy Division submitting report relative to Supplemental Report on CAFR Auditor Selection. (The Legislative Policy Division (LPD) puts forth this supplemental report to clarify certain misconceptions that have arisen with regard to the report submitted September 13, 2016, on the Comprehensive Annual Financial Report (CAFR) Auditor selection.) (BROUGHT BACK AS DIRECTED ON 9-28-16) | | |
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15-4165
| 1 | 2. | | Communication or Report | Status of Legislative Policy Division submitting report relative to Detailed Financial Analysis of the City of Detroit’s FY 2015 General Fund and Government Wide Financial Statements. (The Legislative Policy Division (LPD) in this report provides the City Council with a detailed financial analysis of the City’s FY 2015 General fund and Government Wide financial statements. We analyzed the General Fund’s Unassigned Surplus, Balance Sheet and Revenues and Expenditures. Also, the Legislative Policy Division analyzed in detail the Government Wide Primary Government’s Statement of Net Position and Statement of Activities. The Legislative Policy Division also provide the statements for FY 2014 and FY 2013 for comparison. The FY 2013 statements show the City before the bankruptcy. The FY 2014 statements show the City in bankruptcy. The FY 2015 statements show the City after bankruptcy.) (BROUGHT BACK AS DIRECTED ON 9-28-16) | | |
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15-4166
| 1 | 3. | | Communication or Report | Status of Legislative Policy Division submitting report relative to Popular Annual Financial Report (PAFR) for FY 2015. (The purpose of this report is to present a Popular Annual Financial Report (PAFR) for FY 2015 using data from the City’s Comprehensive Annual Financial Report as of June 30, 2015 (2015 CAFR) for the Duggan Administration to consider producing on an annual basis to enable citizens and other interested parties to read an “executive summary” style document giving a general overview of the City of Detroit’s financial condition.) (BROUGHT BACK AS DIRECTED ON 9-28-16) | | |
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15-4167
| 1 | 4. | | Communication or Report | Status of Legislative Policy Division submitting report relative to Benchmark Comparison of the City of Detroit’s 2015 Comprehensive Annual Financial Report (CAFR) with other cities. (BROUGHT BACK AS DIRECTED ON 9-28-16) | | |
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15-4168
| 1 | 5. | | Communication or Report | Status of Legislative Policy Division submitting report relative to Review of the 2015 Comprehensive Annual Financial Report (CAFR) for the City of Detroit. (BROUGHT BACK AS DIRECTED ON 9-28-16) | | |
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15-4169
| 1 | 6. | | Communication or Report | Status of Law Department submitting report relative to Whether the Chief Financial Officer is Properly Involved in the Selection of the Auditing Firm to Prepare the City’s Comprehensive Annual Financial Report (CAFR); whether such Involvement by the CFO is Consistent with the Detroit City Charter. (There is no conflict of interest. While the Charter is silent as it relates to the CAFR, state law is not. Under Uniform Budgeting and Accounting Act and the Home Rule City Act, the City’s Chief Financial Officer (“CFO”), with oversight by the Financial Review Commission, has the specific authority to create and maintain the CAFR for the City of Detroit.) (BROUGHT BACK AS DIRECTED ON 9-28-16) | | |
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15-4170
| 1 | 7. | | Ordinance | Status of Legislative Policy Division submitting report relative to Amending the Special Assessment Districts (SAD) Ordinance to require 70% approval of resident homeowners to establish SAD. (The Legislative Policy Division’s preliminary review of the existing applicable law indicates that, in the event that a majority of City Council desires to make this change, it should be within Council’s authority to do so. However, the Legislative Policy Division requests that this report be referred to Corporation Counsel for their official opinion on this legal point.) (BROUGHT BACK AS DIRECTED ON 9-28-16) | | |
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15-4171
| 1 | 8. | | Communication or Report | Status of Legislative Policy Division submitting report relative to Detroit VEBA’s FY 2015 Audit Reports. (As noted in the Legislative Policy Division’s report on the Voluntary Employee Beneficiary Association, the audit confirmed that the market value of the bonds issued by the City to the VEBAs were approximately 45% of their face (par) value. This was not sufficient to provide the retirees with the minimal benefits that were promised to them per the Plan of Adjustment.) (BROUGHT BACK AS DIRECTED ON 9-21-16) | | |
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15-4172
| 1 | 9. | | Communication or Report | Submitting report relative to Audit of the Detroit Department of Transportation. (This report contains the Office of the Auditor General’s audit purpose, objectives, methodology and conclusions; background; our audit findings and recommendations; and the responses from the Detroit Department of Transportation.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 10-5-16) | | |
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15-4173
| 1 | 10. | | Communication or Report | Council President Brenda Jones submitting memorandum relative to Economic Strategy. (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 10-5-16) | | |
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15-4174
| 1 | 11. | | Communication or Report | Council President Brenda Jones submitting correspondence relative to Account Appropriation Creation for the secondary street sign naming petition process. (BROUGHT BACK AS DIRECTED ON 10-5-16) | | |
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