§ 22.0708 — Comprehensive Annual Financial Report

§ 22.0708 Comprehensive Annual Financial Report

(a) Immediately upon completion of the CAFR, the Chief Financial Officer shall request that a hearing on the CAFR be placed on the agenda for presentation to the Audit Committee. Such hearing shall be placed on the agenda for the first scheduled Audit Committee meeting following the request, and not later than sixty (60) days after the request is made. Following and within thirty (30) days of the Audit Committee hearing, the CAFR shall be docketed for an open session hearing of the City Council, which hearing shall not be continued for any reason except for an emergency as reasonably determined by the Council President. (b) Notwithstanding any rule or standard of accounting practice, whether federal, state, or local, or any provision of the Municipal Code, the Chief Financial Officer shall be responsible for, either alone or in conjunction with appropriate City departments or related agencies, the preparation of all footnotes to the City’s CAFR, and any stand-alone financial statement prepared by the Chief Financial Officer.

(Added 12-7-2004 by O-19342 N.S.) (Renumbered from former Section 22.0710 and amended 4-22-2015 by O-20474 N.S.; effective 5-22-2015.)