Submitting report relative to Whether the Chief Financial Officer is Properly Involved in the Selection of the Auditing Firm to Prepare the City’s Comprehensive Annual Financial Report (CAFR); whether such Involvement by the CFO is Consistent with the Detroit City Charter. (There is no conflict of interest. While the Charter is silent as it relates to the CAFR, state law is not. Under Uniform Budgeting and Accounting Act and the Home Rule City Act, the City’s Chief Financial Officer (“CFO”), with oversight by the Financial Review Commission, has the specific authority to create and maintain the CAFR for the City of Detroit.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 9-21-16)

Committee

Budget, Finance and Audit Standing Committee

Introduced

October 31, 2016

On agenda

September 21, 2016

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