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Mayor Vincent C. Gray and Chief Financial Officer Jeff DeWitt to Announce Results of Fiscal Year 2013 Audit for District

Thursday, January 30, 2014

Mayor Vincent C. Gray and Chief Financial Officer Jeff DeWitt to Announce Results of Fiscal Year 2013 Audit for District

Comprehensive Annual Financial Report Contains Annual Audit of District’s Finances

WHAT/WHO:   Mayor Vincent C. Gray, DC Chief Financial Officer Jeff DeWitt,
                         Council Chairman Phil Mendelson and Councilmembers will
                          announce the results of the Comprehensive Annual Financial
                          Report (CAFR), which contains the annual audit of the District’s
                          finances, for Fiscal Year 2013.

WHEN:   Friday, January 31, 2014
               10:00 am – 11:00 am

WHERE:  John A. Wilson Building
                  Mayor’s Press Briefing Room (Room G-9)
                 1350 Pennsylvania Avenue NW

BACKGROUND:  The Office of the Chief Financial Officer (OCFO) is responsible for preparing the District's Comprehensive Annual Financial Report (CAFR). The OCFO ensures that the CAFR is released each year on time and with a clean opinion from the city's independent auditors. A clean opinion indicates that the District's financial books are in order, that the CAFR fairly presents the city's financial statements, and that the results of the city's fiscal year operations are in accordance with generally accepted accounting principles. The District's fiscal year runs from October 1 to September 30. The CAFR must be issued by February 1 following the end of a fiscal year.