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19D - 2018-19 FISCAL RPT
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19D - 2018-19 FISCAL RPT
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Last modified
1/16/2020 7:05:17 PM
Creation date
1/16/2020 5:38:03 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
19D
Date
1/21/2020
Destruction Year
2025
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EXHIBIT 6 <br />INDEPENDENT ACCOUNTANTS' REPORT <br />ON APPLYING AGREED -UPON PROCEDURES <br />To the Honorable City Council <br />of the City of Santa Ana <br />Santa Ana, California <br />We have performed the procedures enumerated below, which were agreed to by the City of Santa Ana, <br />California (the City), solely to assist the City in determining whether the City's investment activities <br />are in compliance with the City's Statement of Investment Policy (the Policy) and the California <br />Government Code, §53600, et al. (the Code) for the quarter ended June 30, 2019. The City's <br />management is responsible for the compliance with the Policy and the Code and for selecting the <br />criteria and determining that such criteria are appropriate for your purposes. <br />This agreed -upon procedures engagement was conducted in accordance with attestation standards <br />established by the American Institute of Certified Public Accountants. The sufficiency of these <br />procedures is solely the responsibility of the City's management. Consequently, we make no <br />representation regarding the sufficiency of the procedures described below either for the purpose for <br />which this report has been requested or for any other purpose. <br />Our procedures and findings were as follows: <br />1. We obtained a copy of the City's Quarterly Investment Report for the quarter ended June 2019 <br />and compared the investments listed in the report to the types of investments authorized by the <br />Policy for fiscal year 2018/2019. <br />Finding: No exceptions were noted as a result of our performing this procedure. <br />2. We compared the investments listed on the City's Quarterly Investment Report for the quarter <br />ended June 2019 to the type of investments authorized by the Code. <br />Finding: No exceptions were noted as a result of our performing this procedure. <br />3. We ensured that the maturities of investments listed in the City's Quarterly Investment Report <br />for the quarter ended June 2019 were in compliance with the Policy. <br />Finding: No exceptions were noted as a result of our performing this procedure. <br />1 <br />2875 Michelle Drive, Suite 300 1 Irvine, JAQ713306 I WNDECPA.com 1 714.978.1300 <br />
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