DEPARTMENT OF ADMINISTRATIVE SERVICES CITY OF CEDAR FALLS, IOWA 220 CLAY STREET


w October 1,2013


To Mayor Crews, Members of the City Council and citizens of the City of Cedar Falls: I am pleased to submit to you the comprehensíve Annual Financial Report (CAFR) of the city of cedar Falls, lowa, for the year ended June 30, 2013. This is the eleventh CAFR completed in compliance with the Governmental Accountíng standards Board Statement No. 34 (GASB 34). Responsibility for both the accuracy of the data and


cover.


Management and Budget (oMB) circular A-133, "Audits of states, Local Governments, and Nonprofit organizations'" lnformation to comply with oMB circular A-133, "Audits of states, Local Governments, and Nonprofit organizations," and "Government Auditing standards" is included in another report under a separate


discretely presented component units.


accountability is determined by several different factors, including fiscal dàpendence, ability to impose will upon the entity's governlng body, provision of specific financial burdens or benefits and separate legal entity status. After careful evaluation of these factors, the city has included in this financíal report the cedar Falls Electric utílity, Gas utility, water utility, and communícations utility, as well as all funds of the cíty. The utilities are each reported as


The city of cedar Falls provides many municipal services including fire and police protection, streets, garbage collection, parks, recreation, cultural arts, planning, zonihg, g"n"r"i a¿m¡n¡stråtion, and sewer and storm water services' For financial reportíng purposes, all funds, agencies, boards, commissions, trusts and authorities involved in the provision of these services are included íf the city is financially accountable. Financial


found immediately following the report of the independent auditors. The city is required to undergo an annual single audit in conformity with the provisions of the u.s. office of


financial statements in the form of Management's Discussion and Analysis (MD&A). This letter of transmittal is designed to complement MD&A and should be read in conjunction with it. The city of cedar Falls, MD&A can be


reader to gain an understanding of the city's financial activities have been included. GAAP require that management provide a narrative introduction, overview, and analysis to accompany the basic


CEDAR FALLS, IOIVA 50613 PHONE: 319-273-8600 FAX: 319-268-5126 www.cedarfalls,com


knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the financíal position and results of operations of the city. All disclosures necessary to enable the


the completeness and fairness of the presentation, including all disclosures, rests with the city. To the best of our


1 "OUR CITZENS ARE OUR BUSINESS"


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