December 11, 2012

News Release

For Immediate Release

City Council Receives Independent Audit Report

The Springfield City Council received an "unqualified" financial audit today from the City's independent auditing firm, meaning there were no qualifications or reservations expressed about the City's financial reporting processes. That is the highest level of opinion given. Auditors also reviewed $32.4 million dollars in grant funds, reporting the funds were accounted for and spent according to contract specifications.

BKD, a national CPA and advisory firm, conducted the annual financial audit, which is required under the City Charter. The full copy of the audit report will be available later today on the homepage of the City's website at www.springfieldmo.gov.

"We have good financial news," said Mary Mannix Decker, City of Springfield Director of Finance. "We ended the year strong financially and the audit went well."

Mannix Decker said this was the City's first year to use the services of local accounting firm BKD. Previously, the City's audits were conducted by KPMG.

The overview provided by BKD includes the following points as Financial Highlights of the audit:

"We had very good cooperation and everyone did a great job getting us the information we needed on a timely basis," said Kim Hamm, BKD partner. "This is not a bad audit."

The City Finance Department has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers' Association for 35 years.

For more information, contact Finance Director Mary Mannix Decker at 417-864-1625.

city of springfield

Department of Finance

840 Boonville Avenue • P.O. Box 8368 • Springfield, MO 65801
417-864-1625 • Fax: 417-864-1880 • springfieldmo.gov