19D - 2018-19 FISCAL RPT - Laserfiche WebLink

Home Browse Search

REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: JANUARY 21, 2020 TITLE RECEIVE AND FILE — FISCAL YEAR 2018-19 COMPREHENSIVE ANNUAL FINANCIAL REPORT, RELATED AUDIT REPORTS, AND MEASURE X AGREED - UPON -PROCEDURES REPORT {STRATEGIC PLAN NO. 4, 11 /s/Kristine Ridge CITY MANAGER CLERK OF COUNCIL USE ONLY: ❑ As Recommended ❑ As Amended ❑ Ordinance on 1sl Reading ❑ Ordinance on 2nd Reading ❑ Implementing Resolution ❑ Set Public Hearing For_ rK•�rnutn�.ic. FILE NUMBER RECOMMENDED ACTION Receive and file the following audited and separately issued reports for the Fiscal Year ended June 30, 2019: 1. The Auditor's unmodified "clean" opinion letter for the Fiscal Year 2018-19 Audited Financial Statements included in the Comprehensive Annual Financial Report (CAFR) 2. Government Auditing Standards (GAS) Letter 3. Audit Committee Letter 4. Air Quality Management District (AQMD) Audited Financial Statements 5. The Auditor's report on the Appropriations Limit (GANN Limit) 6. The Auditor's report on compliance with the Statement of Investment Policy 7. Measure X Agreed -Upon -Procedures Report DISCUSSION The Finance and Management Services Agency — Accounting Division (Accounting Division) is the lead on various audit and separately issued reports compiled and prepared by the City's Independent Auditor, White Nelson Diehl Evans LLP (WNDE). Outlined below is a list of the reports and related status. AUDIT REPORTS: Audited Financial Statements - Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2019 Annually, the Accounting Division prepares a CAFR which includes the City's audited financial statements and statistical information for each fiscal year. The CAFR is prepared in accordance with the Generally Accepted Accounting Principles (GAAP) along with the reporting requirements of the Governmental Accounting Standards Board (GASB). The City's independent public 19D-1