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Fiscal Year 2017-18 <br />December 18, 2018 <br />Page 3 <br />Comprehensive Annual Financial Report <br />The GANN limit established the appropriations limit on expenditures for publicly funded programs <br />in accordance with Section 1 of Article XIII of the California Constitution. <br />• Staff is pleased to report that no findings were noted as a result of this AUP Review. <br />City's Compliance with the Statement of Investment Policy <br />The report on the City's Investment Policy is elected to be performed by the City to ensure <br />compliance. <br />• Staff is pleased to report that no findings were noted as a result of this AUP review. <br />Single Audit— Not Included Herein <br />The City is also required to have a Single Audit of federal financial assistance by March 31St <br />following each fiscal year. Staff expects the Single Audit will be issued during February 2019 and <br />will be presented to the City Council and the public on an agenda shortly thereafter. <br />List of all Fund Balances <br />The City uses many funds to account for its financial transactions. Due to the number of funds, <br />many are combined into single columns within the audited financial statements. This practice is <br />common amongst cities, accepted by GASB and the auditors, and results in financial statements <br />that are easier for the public to read. <br />In the interest of full disclosure, staff has prepared a list of all individual funds; including the fund <br />name and number, the financial statement column that includes the fund, the fund balance as of <br />June 30, 2018, and a brief description of the purpose, revenue, and/or restriction. This list is a <br />useful tool for the Council and staff to understand what balances may be available for future <br />initiatives, and what balances may signal the need for a change in budgeting or accounting. <br />General Fund Carry Forward Amounts <br />During and after the close of the fiscal year, the Budget Office received requests via <br />memorandums from departments to carry forward unspent funds from fiscal year 2017-18 to <br />fiscal year 2018-19. The carryforward requests are derived largely because of projects or <br />contracts not completed prior to June 30, 2018. These carryforward requests are reviewed and <br />included in the Assigned Fund Balance classification within the audited financial statements. <br />This means the amounts carried over to the FY18-19 budget are not included in the <br />Unassigned/Undesignated or "Spendable" fund balance at June 30, 2018. Below is the current <br />list of the General Fund carry forward requests submitted by Departments <br />FY 17-18 CARRY FORWARDS TO FY 18-19 <br />Total: 529,871 <br />19E-3 <br />Attu <br />DEPT <br />Prore eUProyram11 <br />-tin® <br />ACCOUNT <br />AMOUNT <br />PD <br />Annual Ammo Purchase <br />01114410 <br />63001 <br />70,000 <br />PD <br />Maintenance of the Police Department'Jail System(1MS) <br />01114425 <br />62300 <br />55,000 <br />PWA <br />SARTCMaintenance <br />01117650 <br />01117650 <br />62300 <br />66200 <br />110,867 <br />178,125 <br />SMSA (Safe Transit Stops) <br />01117620 <br />6620D <br />19,778 <br />PWA <br />CDA <br />Greater Santa Ana Vitality <br />01118810 <br />62300 <br />96,101 <br />Total: 529,871 <br />19E-3 <br />