Minutes 12/12/2017 - Laserfiche WebLink

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December 12, 2017 “ORDINANCE TO AMEND AND REORDAIN ARTICLE XI OF CHAPTER 32 OF THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA (2006) (STREETS, SIDEWALKS, AND LOCAL IMPROVEMENTS) BY CHANGING THE NAME OF ARTICLE XI TO “WIRELESS FACILITIES”, CREATING DIVISIONS 1 THROUGH 5 THEREOF, AMENDING AND/OR MOVING EXISTING SECTIONS 32-301 THROUGH 32-310, AND ESTABLISHING NEW ADDITIONAL SECTIONS, ALL FOR THE PURPOSE OF GOVERNING THE PLACEMENT OF WIRELESS FACILITIES WITHIN THE CITY’S PUBLIC WAYS.” Ayes: Cherry, Clark, Lucas-Burke, Moody, Whitaker, Rowe Nays: None 17 – 540 - Adoption of a resolution accepting the FY2017 Comprehensive Annual Financial Report (CAFR). Background:  Per the Code of Virginia Section 15.2-2510, the chief financial officer of each locality shall file annually on or before November 30 with the Auditor of Public Accounts a detailed statement prepared according to the Auditor's specifications showing the amount of revenues, expenditures and fund balances of the locality for the preceding fiscal year, accompanied by the locality's audited financial report. The submittal to the Auditor of Public Accounts shall include a notarized statement from the chief elected official and the chief administrative officer of the locality that the localities audited financial report has been presented to the local governing body.  In addition per the Code of Virginia Section 15.2-2511 localities shall have all their accounts and records, including all accounts and records of their constitutional officers, audited annually as of June 30 by an independent certified public accountant in accordance with the specifications furnished by the Auditor of Public Accounts. The certified public accountant shall present a detailed written report to the local governing body at a public session by the following December 31. Every locality shall contract for the performance of the annual audit not later than April 1 of each fiscal year and such contract shall incorporate the provisions of this section relating to audit specifications and report date. The report shall be preserved by the clerk of the local governing body, and shall be open to public inspection at all times by any qualified voter. Discussion:  The city completed the CAFR and the Comparative Report Transmittal Form on November 20, 2017. The independent certified public accounting firm, Cherry Bekaert LLP, presented the CAFR to City Council at the November 28, 2017 meeting.  On November 30, 2017, the city’s Finance Department sent the CAFR, the Comparative Report Transmittal Form and the notarized letter to the Auditor of Public Accounts to complete the state requirements. The CAFR is on the city’s website under the Finance Department’s webpage and a hard copy of the CAFR is located in each of the city’s libraries. Financial Impact:  No Impact. Recommended Action:  Adoption of the resolution. Next Steps Following Council Action:  No steps necessary. Motion by Mr. Clark, and seconded by Ms. Lucas-Burke, to adopt the following resolution, and was adopted by the following vote: