Answer: Management acknowledges the recommendation regarding financial statement preparation.
Trend: There is a growing recognition that maintaining financial disclosures may not be cost-effective for the City.
List: Planned actions include exploring alternatives to improve efficiency in financial reporting.
Finding Text
Views of Responsible Officials and Planned Corrective Actions: Management agrees with the
recommendation that it is not cost effective for the City to prepare the financial statements and
maintain a working knowledge of the required disclosures.