The Woodstock City Council will hear from James Whitaker, a certified public accountant, about the fiscal year that ended June 30, 2013.
Each year, the city prepares a Comprehensive Annual Financial Report that is audited by an independent firm to determine accuracy and fairness in financial reporting, and to determine if the city followed generally acceptable accounting principles.
The independent auditor’s report stated in the auditor’s opinion, the financial statements in the CAFR “present fairly, in all material respects, the respective financial position” of the city.
Whitaker will present his report to the mayor and council at the meeting at the Chambers at City Center, on Monday at 7 p.m.
Based on information included in the CAFR, signed by Chief Financial Officer Robert Porche and City Manager Jeff Moon, the city had many of what the report called “major achievements” in fiscal 2013.
Some major achievements listed in the report include: completion of the Ridgewalk Parkway widening project, the grand opening of the outlet mall, the purchase of a new pumper fire truck with SPLOST funds and the opening of the city’s first dog park, Woofstock.
The city’s economic condition improved as property values in the city rose and unemployment fell, according to the report.
“The economic outlook is favorable as there are several commercial projects in various stages of development,” the report reads. “Residential construction continues to gain momentum as the city of Woodstock has seen 305 new single family home permits issued in calendar year 2013.”
In December, the city’s bond rating issued by Standard and Poor rose from “A” to “AA” after an assessment, the report stated.
At the meeting Monday, council will also:
• Have a swearing in ceremony performed by Judge Stephen Yaklin;
• Swear in new police officers;
• Appoint standing committee members and a mayor pro-tem;
• Appoint members to the Ethics Board, Planning Commission and DDA/CVB;
• Hear the first reading of an ordinance revision regarding Parks and Recreation board term limits and appointments;
• Hear the first reading of an ordinance regarding building code revisions;
• Hear about a budget amendment regarding the Ridgewalk red light invoice; and
• Hold executive session to discuss a zoning issue regarding Title Loan versus Title Pawn.