Laserfiche WebLink
 <br /> <br /> <br /> <br /> <br />ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ <br />7RWKH+RQRUDEOH0D\RU0HPEHUVRIWKH&LW\&RXQFLO 'HFHPEHU <br />DQG&LWL]HQVRIWKH&LW\RI3OHDVDQWRQ <br /> <br />:HDUHSOHDVHGWRVXEPLWWKH$QQXDO&RPSUHKHQVLYH)LQDQFLDO5HSRUW $&)5 IRUWKH&LW\RI3OHDVDQWRQ <br />&DOLIRUQLDIRUWKHILVFDO\HDUHQGHG-XQH7KH&LW\RI3OHDVDQWRQLVUHTXLUHGWRDQQXDOO\SXEOLVK <br />D FRPSOHWH VHW RI ILQDQFLDO VWDWHPHQWV SUHVHQWHG LQ FRQIRUPDQFH ZLWK JHQHUDOO\ DFFHSWHG DFFRXQWLQJ <br />SULQFLSOHV *$$3 DQGDXGLWHGE\DQLQGHSHQGHQWFHUWLILHGSXEOLFDFFRXQWLQJILUP3XUVXDQWWRWKHVH <br />UHTXLUHPHQWVWKH$&)5KDVEHHQSUHSDUHGLQFRQIRUPLW\ZLWKWKHSULQFLSOHVDQGVWDQGDUGVIRUILQDQFLDO <br />UHSRUWLQJVHWIRUWKE\WKH*RYHUQPHQWDO$FFRXQWLQJ6WDQGDUGV%RDUG *$6%  <br /> <br />7KHUHSRUWSUHVHQWVWKHILQDQFHVRIWKH&LW\RI3OHDVDQWRQ0DQDJHPHQWDVVXPHVIXOOUHVSRQVLELOLW\IRUWKH <br />FRPSOHWHQHVVDQGUHOLDELOLW\RIDOOWKHLQIRUPDWLRQSUHVHQWHGLQWKLVUHSRUW7RSURYLGHDUHDVRQDEOHEDVLV <br />IRUPDNLQJWKHVHUHSUHVHQWDWLRQVPDQDJHPHQWKDVHVWDEOLVKHGDFRPSUHKHQVLYHLQWHUQDOFRQWUROIUDPHZRUN <br />WKDWLVGHVLJQHGERWKWRSURWHFWWKHJRYHUQPHQW¶VDVVHWVIURPORVVWKHIWRUPLVXVHDQGWRFRPSLOHVXIILFLHQW <br />UHOLDEOHLQIRUPDWLRQIRUWKHSUHSDUDWLRQRIWKH&LW\¶VILQDQFLDOVWDWHPHQWVLQFRQIRUPLW\ZLWK*$$3 <br />%HFDXVH WKH FRVW RI LQWHUQDO FRQWUROV VKRXOG QRW RXWZHLJK WKHLU EHQHILWV WKH &LW\¶V FRPSUHKHQVLYH <br />IUDPHZRUNRILQWHUQDOFRQWUROVKDVEHHQGHVLJQHGWRSURYLGHUHDVRQDEOHUDWKHUWKDQDEVROXWHDVVXUDQFHWKDW <br />WKHILQDQFLDOVWDWHPHQWVZLOOEHIUHHIURPPDWHULDOPLVVWDWHPHQW$VPDQDJHPHQWZHDVVHUWWKDWWRWKHEHVW <br />RIRXUNQRZOHGJHDQGEHOLHIWKLVILQDQFLDOUHSRUWLVFRPSOHWHDQGUHOLDEOHLQDOOPDWHULDOUHVSHFWV <br /> <br />/DQFH6ROO /XQJKDUG//3 /6/ DILUPRIOLFHQVHGFHUWLILHGSXEOLFDFFRXQWDQWVKDVDXGLWHGWKH <br />&LW\RI3OHDVDQWRQ¶VILQDQFLDOVWDWHPHQWV7KHJRDORIWKHLQGHSHQGHQWDXGLWZDVWRSURYLGHUHDVRQDEOH <br />DVVXUDQFHWKDWWKHILQDQFLDOVWDWHPHQWVRIWKH&LW\RI3OHDVDQWRQIRUWKHILVFDO\HDUHQGHG-XQH <br />WDNHQDVDZKROHDUHIUHHRIPDWHULDOPLVVWDWHPHQWV7KHLQGHSHQGHQWDXGLWLQYROYHGH[DPLQLQJRQDWHVW <br />EDVLVHYLGHQFHVXSSRUWLQJWKHDPRXQWVDQGGLVFORVXUHVLQWKHILQDQFLDOVWDWHPHQWVDVVHVVLQJWKHDFFRXQWLQJ <br />SULQFLSOHVXVHGDQGVLJQLILFDQWHVWLPDWHVPDGHE\PDQDJHPHQWDQGHYDOXDWLQJWKH&LW\¶VRYHUDOOILQDQFLDO <br />PDQDJHPHQW/6/WKHLQGHSHQGHQWDXGLWRUFRQFOXGHGEDVHGRQWKHDXGLWWKDWWKHUHZDVDUHDVRQDEOHEDVLV <br />IRUUHQGHULQJDQXQPRGLILHGRSLQLRQWKDWWKH&LW\RI3OHDVDQWRQ¶VILQDQFLDOVWDWHPHQWVIRUWKHILVFDO\HDU <br />HQGLQJ-XQHDUHIDLUO\SUHVHQWHGLQFRQIRUPLW\ZLWK*$$3/6/¶VLQGHSHQGHQWDXGLWRU¶VUHSRUW <br />LVWKHILUVWFRPSRQHQWSUHVHQWHGLQWKHILQDQFLDOVHFWLRQRIWKLVUHSRUW <br /> <br />7KH LQGHSHQGHQW DXGLW RI WKH &LW\¶V ILQDQFLDO VWDWHPHQWV LV SDUW RI D EURDGHU IHGHUDOO\ PDQGDWHG <br />³6LQJOH $XGLW´ GHVLJQHG WR PHHW WKH QHHGV RI IHGHUDO JUDQWRU DJHQFLHV 7KH VWDQGDUGV JRYHUQLQJ <br />6LQJOH$XGLWHQJDJHPHQWVUHTXLUHWKHLQGHSHQGHQWDXGLWRUWRUHSRUWQRWRQO\RQWKHIDLUSUHVHQWDWLRQRIWKH <br />&LW\¶VILQDQFLDOVWDWHPHQWVEXWDOVRRQWKH&LW\¶VLQWHUQDOFRQWUROVDQGFRPSOLDQFHZLWKOHJDOUHTXLUHPHQWV <br />ZLWKVSHFLDOHPSKDVLVRQLQWHUQDOFRQWUROVDQGOHJDOUHTXLUHPHQWVLQYROYLQJWKHDGPLQLVWUDWLRQRIIHGHUDO <br />DZDUGV7KHVHUHSRUWVDUHDYDLODEOHLQWKH&LW\¶VVHSDUDWHO\LVVXHG6LQJOH$XGLW5HSRUW <br /> <br />*$$3UHTXLUHVPDQDJHPHQWWRSURYLGHDQDUUDWLYHLQWURGXFWLRQRYHUYLHZDQGDQDO\VLVWRDFFRPSDQ\WKH <br />EDVLFILQDQFLDOVWDWHPHQWVLQWKHIRUPRIWKH0DQDJHPHQW¶V'LVFXVVLRQDQG$QDO\VLV 0' $ 7KLVOHWWHU <br />RIWUDQVPLWWDOLVGHVLJQHGWRFRPSOHPHQWWKH0' $DQGVKRXOGEHUHDGLQFRQMXQFWLRQZLWKLW7KH <br />&LW\RI3OHDVDQWRQ¶V0' $FDQEHIRXQGLPPHGLDWHO\IROORZLQJWKHLQGHSHQGHQWDXGLWRU¶VUHSRUWLQWKH <br />ILQDQFLDOVHFWLRQRIWKLVUHSRUW <br />i