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April 25, 1985 <br />Page 2 10 <br />well as buildings, have better record:, ir, the event of a <br />loss which would be covered by insurance, and would be of <br />assistance in planning for replacement of vehicles and equie,- <br />ment which was previou:cly commented upon. <br />4. Once the City has a fixed asset evaluation and a fixed abbot <br />accounting system Finance Department staff should begin <br />preparing for submittal of its annual financial statement: to <br />the Government Finance Officers Association's Certiricate of <br />Conformance for Financial Reporting Program. Such a Certit,c,r1 <br />would state that the City's financial statements are prepared <br />in accordance with generally accepted accounting principles <br />as promulgated by the Government Finance Officers Associdtran <br />and is considered an honor for Cities our size. Very few <br />Cities in the metropolitan area have received a Certificate. <br />S. if the City shuuld desire to impleaw nt these recommendation; <br />regarding planning, fixed assets, and the computer system <br />installation it is my belief that the present part time <br />accountant's position should become a full time position. <br />Thib would enable cinanre Department staff to devote a grcate, <br />time to planninq and implementation and use of the cor,,putc <br />system. <br />Should you have any questions on this pipase do not hesitate to <br />contact me. <br />DB/ds <br />• <br />