AGENDA #10
MEMORANDUM
TO: Mayor and Town Council
FROM: W. Calvin Horton, Town Manager
SUBJECT: Comprehensive Annual Financial Report and Auditor’s Letter
DATE: November 11, 2002
Accompanying your packet is a copy of the Town’s 2001-2002 Comprehensive Annual Financial Report and associated letter to the Council from the Town’s auditors, McGladrey and Pullen, L.L.P. The Comprehensive Annual Financial Report provides the audited financial statements for the Town of Chapel Hill.
The Town received a “clean” audit; that is, the auditors found no reportable conditions or weaknesses in the Town’s system of internal controls and related procedures.
We are pleased to present this report to the Council. A representative of McGladrey and Pullen, L.L.P., will make a brief presentation to the Council at the meeting.