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THE CITY OF <br /> rlro 1,1TERU "' " CITY COUNCIL AGENDA REPORT IINII p <br /> pLE ASANTON. <br /> December 6, 2016 <br /> Finance Department <br /> TITLE: ADOPT A RESOLUTION TO ACCEPT THE FY 2015/16 YEAR-END <br /> FINANCIAL REPORT FOR THE CAPITAL IMPROVE 'ENT PROGRAM <br /> (CIP) BUDGET AND AMEND THE FY 2015/16 CIP BUDGET <br /> SUMMARY <br /> This report (Report) presents the results of the FY 2015/16 Capital Improvement <br /> Program (CIP) and recommended changes in the fund balance reserves This <br /> information is unaudited The audited information will be reflected in the City's <br /> Comprehensive Annual Financial Report (CAFR) and will be presented to Council once <br /> the City's independent auditor has issued its opinion on the CAFR and it has been <br /> reviewed by the Audit Committee which is expected to occur in January 2017 If there <br /> are any differences in the financial information presented in this report and the CAFR as <br /> a result of the audit, those changes will be highlighted for the Council at the time the <br /> CAFR is presented to the Council for acceptance in January or February of 2017 <br /> RECOMMENDATION <br /> Staff recommends that Council adopt the attached resolution to take the following <br /> actions <br /> 1 Amend the FY 2015/16 CIP as detailed in Appendix A <br /> 2 Approve the CIP budget carryovers to FY 2016/17 detailed in Appendix B <br /> 3 Accept the Year-End report as summarized in Appendix C <br /> FINANCIAL STATEMENT <br /> The recommendations as outlined in this Report present all financial activity and <br /> changes in the FY 2015/16 CIP for Council's approval since the last approved budget <br /> adjustments (Midyear Capital Improvement Program adopted by Council on March 15, <br /> 2016) <br />