2002 Comprehensive Annual Financial Report

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Other Information Independent Audit. In ac ordance with the state statute, the City is required to be audited annually by the Indiana Sta a Board of Accounts, an agency of the State of Indiana. In addition to meeting the requirement set forth in state statutes, the audit also w;~s designed to meet the requirements of the federal Ingle Audit Act of 1984 and related OMB Circular A-133 as mentioned earlier. The and tors' report on the general purpose financial statements and combining and individual d statements and schedules is included ire the financial section of this report. For the past thi een years (years ended December 31, 1990 through 2002) the City has received an unqualified audit opinion. The auditors' reports related specifically to the single audit are included in a sepa ately filed report. Awards. The Government finance Officers Association of the Unitedl States and Canada (GFOA) awarded a Certific to of Achievement for Excellence in Financial Reporting to the City of South Bend for its comp hensive annual financial report for the fiscal year ended December 31, 2000. This was the ele nth consecutive year that the City has achieved this prestigious award. In order to be award d a Certificate of Achievement, a government unit must publish an easily readable and efficien ly organized comprehensive annual financial report. This report must satisfy both generally ccepted accounting principles and applicable legal requirements. A Certificate of Achieveme t is valid for a period of one year only. W~e believe that our current comprehensive annual fina ial report continues to meet the Certificate of Achievement Program's requirements, an we are submitting it to the GFOA to determine its eligibility for another certificate. Acknowledgments. The pr paration of the comprehensive annual financial report was made possible by the dedicated se ice of the City's fiscal officers and the entire staff of the Department of Administrati nand Finance. Each member of the Department has my sincere appreciation for the contrib tions made in the preparation of this report:. In addition, I would like to thank the Field Examine of the State Board of Accounts for their hard work and dedication in this effort. In closing, without the lead ship and support of Mayor Stephen J. Lue:cke, the City's Department Heads, and the embers of the City Council, preparation of this report would not have been possible. Sincerely, Frederick B. Ollett City Controller .~:;. ~~ ~ ~ Thomas J. Skarbek, CPA ~K Director of Budgeting & I~ financial Reporting xvi