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Finance and Management Services <br />www.santa-ana.org/finance <br />Item # 15 <br />or City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />February 2, 2021 <br />TOPIC: Comprehensive Annual Financial Report for the Fiscal Year -Ended June 30, <br />2020 <br />AGENDA TITLE: <br />Receive and file — Fiscal Year 2019-20 Comprehensive Annual Financial Report, Related <br />Audit Reports, and Measure X Agreed -Upon -Procedures Report <br />RECOMMENDED ACTION <br />Receive and file the following audited and separately issued reports for the 2019-20 Fiscal <br />Year Ended June 30, 2020: <br />1. The Auditor's unmodified "clean" opinion letter for the Fiscal Year 2019-20 Audited <br />Financial Statements included in the Comprehensive Annual Financial Report <br />(CAFR) <br />2. Government Auditing Standards (GAS) Letter <br />3. Audit Committee Letter <br />4. Air Quality Management District (AQMD) Audited Financial Statements <br />5. The Auditor's report on the Appropriations Limit (GANN Limit) <br />6. The Auditor's report on compliance with the Statement of Investment Policy <br />7. Measure X Agreed -Upon -Procedures Report <br />DISCUSSION <br />The Finance and Management Services Agency — Accounting Division (Accounting <br />Division) is the lead on various audit and separately issued reports compiled and <br />prepared by the City's Independent Auditor, Clifton LarsonAllen LLP (CLA, formerly White <br />Nelson Diehl Evans LLP). Outlined below is a list of the reports and related status. <br />AUDIT REPORTS: <br />Audited Financial Statements - Comprehensive Annual Financial Resort for the 2019-20 <br />Fiscal Year Ended June 30, 2020 <br />Annually, the Accounting Division prepares a CAFR which includes the City's audited <br />financial statements and statistical information for each fiscal year. The CAFR is <br />prepared in accordance with the Generally Accepted Accounting Principles (GAAP) along <br />