CITY OF RENO NEWS RELEASE
• Agenda Item E.2
The City Council approved the acceptance of the Comprehensive Annual Financial Report (CAFR) for the Fiscal Year ending June 30, 2013. The CAFR received an unqualified (clean) opinion from the city’s external auditors, Piercy Bowler Taylor & Kern (PBTK). External auditors are independent audit professionals who audit the financial statements of a company, legal entity or organization. They provide an opinion on whether an entity’s financial statements are free of material misstatements and are a true and fair representation of the actual financial position. This is the first year of a five-year contract for PBTK to audit the financial statements for the city of Reno.
The city of Reno is committed to fiscal responsibility and continues to focus on improving financial operations.
• Agenda Item H.2
The Reno City Council approved the first step in a process to refinance the city’s 2002 Capital Improvement Revenue Bonds (financed the Downtown Events Center/National Bowling Stadium), which will save at least $4.7 million.
As of June 30, 2012, the amount outstanding in the city’s 2002 Capital Improvement Revenue Bonds is approximately $38.76 million with a final maturity date in 2032. The revenue bonds are currently secured by room taxes, additionally secured by up to 15 percent of consolidated tax (CTAX) revenues.
• Agenda Item H.3
The City Council approved donating $2,000 of the Reno Access Advisory Committee’s funds to Note-Able Music Therapy Services, a non-profit organization whose primary purpose is providing music programs and music therapy services for children and adults with disabilities in our community. The funds will be used to offset the expenses associated with the 2012 caroling activities. Note-Able Music Therapy Services raises awareness that creativity knows no bounds by providing inclusive musical experiences to all members of the community, regardless of age or ability.
• Agenda Item K.1
The Reno City Council approved several appointments for boards and commissions. Here is a list of some of the appointments:
- Civil Service Commission: Tray Abney and Paul Lane
- Reno City Planning Commission: Paul Olivas
- Truckee River Flood Management Authority: Council Member Delgado and Council Member Dortch (alternate)
- Truckee Meadows Water Authority: Council Member Jardon and Council Member Zadra
- Western Regional Water Commission: Council Member Brehkus and Council Member Jardon
The city of Reno continues to look for enthusiastic citizens to gain leadership experience and volunteer for Reno by serving on boards and commissions. For more information about the latest opportunities to serve or for a complete list of all the boards and commissions, contact the City Clerk’s Office at 334-2030.