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10 <br /> immoppHE CITY OF <br /> e <br /> CITY COUNCIL AGENDA REPORT <br /> pLEASANTON <br /> December 6, 2022 <br /> Finance <br /> TITLE: ADOPT A RESOLUTION TO ACCEPT THE FY 2021/22 YEAR-END <br /> FINANCIAL REPORT FOR THE CAPITAL IMPROVEMENT PROGRAM <br /> (CIP) BUDGET <br /> SUMMARY <br /> This report (Report) presents the unaudited results of the FY 2021/22 Capital <br /> Improvement Program (CIP). The audited information will be reflected in the City's <br /> Annual Comprehensive Financial Report (ACFR) and will be presented to City Council <br /> once the City's independent auditor has issued its opinion on the ACFR and the Audit <br /> Committee has reviewed it, which is expected to occur in January or February 2023. If <br /> there are any differences in the financial information presented in this report and the <br /> ACFR due to the audit, those changes will be highlighted for City Council at that time. <br /> RECOMMENDATION <br /> Staff recommends that City Council adopt the attached resolution to accept the FY <br /> 2021/22 Year-End report and approve the list of carryovers included in the report. <br /> FINANCIAL STATEMENT <br /> The recommendations as outlined in this report present all financial activity and <br /> changes in the FY 2021/22 CIP Budget for City Council' s approval since the last <br /> approved budget adjustments. <br /> BACKGROUND <br /> Annually, staff presents the year-end financial report for the Capital Improvement <br /> Program (Report) to City Council for approval. The Report summarizes the actual <br /> results of the financial activities for the CIP Budget and recognizes budget carryovers to <br /> the following year. The City's Annual Comprehensive Financial Report (ACFR) is still in <br /> progress; therefore, the financial information included in this Report is unaudited. The <br /> audited information will be reflected in the ACFR and will be presented to City Council <br /> once the City's independent auditor has issued its opinion on the ACFR and the Audit <br /> Committee has reviewed it; this is expected to occur in January or February 2023. If <br /> there are any differences in the financial information presented in this report and the <br /> ACFR as a result of the audit, those changes will be highlighted for City Council at that <br /> time. <br /> DISCUSSION <br /> This report presents the status of the CIP Budget as of June 30, 2022. It compares <br /> actual revenues and expenditures to the amended budget for the year and identifies the <br /> carryover of project funds from FY 2021/22 to FY 2022/23. <br />