Department of Finance
city of chicago
January 16, 2014
Honorable Susana A. Mendoza City Clerk
121 North LaSalle Street, Room 107 Chicago, Illinois 60602
Dear City Clerk Mendoza:
I am submitting to you the Comprehensive Annual Financial Report (CAFR) and the Supplement thereto for the year ended December 31, 2012. These reports are accurate in all material respects and are prepared in a manner designed to present fairly the financial position and results of operations of the various funds.
Sincerely,
Erin Keane
Acting City Comptroller
Enclosure
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CITY OF CHICAGO
COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2012
Rahm Emanuel, Mayor
Lois A. Scott, Chief Financial Officer Amer Ahmad, City Comptroller
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
June 29, 2013
Dear Chicagoans:
Thank you for your interest in the Comprehensive Annual Financial Report (CAFR) of the City of Chicago for the 2012 fiscal year.
In 2012, the City of Chicago took on the challenging task of improving the City's finances by working to bring expenditures in line with revenues, tightly managing department budgets and cutting Citywide costs. At the same time, the City engaged in dynamic and efficiency-promoting reforms that ensure Chicago residents receive high quality programming and exceptional City services at the lowest cost now, and in the future. Additionally, the City enhanced its long-term financial outlook by contributing $20 million to its long-term reserves.
While significant progress was made in 2012, we continue to seek additional ways to improve the City's financial health. At the same time, we strategically invest to promote the city's%rbwth which will undoubtedly foster an environment that makes Chicago an ideal place to do business, work, live and raise a family.
Mayor
By investing in the future, reforming city gove...
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