Department of Finance
city of chicago
August 18,2016
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, 2015. 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 City Comptroller
Enclosure
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121 NORTH LASALLE STKEET, SUITE 700, CHICAGO, ILLINOIS 60602
CITY OF CHICAGO
COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2015
Rahm Emanuel, Mayor
Carole L. Brown, Chief Financial Officer Erin Keane, City Comptroller
Prepared by the Department of Finance
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OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
June 30,2016
Dear Chicagoans:
Thank you for your interest in the City of Chicago's Comprehensive Annual Financial Report (CAFR) for the 2015 fiscal year.
In 2015, Chicago continued to make progress on addressing the City's financial legacy liabilities. We reduced our structural deficit, continued the process of ending unsustainable borrowing practices, and instituted funding to stabilize two of the City's four pension funds, while still making investments to help Chicago's children, families and neighborhoods thrive. This progress will continue in 2016 and beyond as the City works with labor unions to fund and stabilize the remaining two pension funds.
While we have made substantial progress, more work remains. By continuing to follow a deliberate reform and invest strategy, we will restore financial stability for Chicago in a way that ensures every resident has access to quality City services and every neighborhood can participate in the economic growth of our city.
Mayor
Sincerely,
CITY OF CHICAGO THE CITY COUNCIL RAHM EMANUEL, M...
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