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ATTACHMENT 1 <br /> 7.1.A. - Page 8 <br /> ALTERNATIVES <br /> Council could elect not to accept the financial report which would result in additional <br /> costs associated with additional field work required to be completed by Badawi & <br /> Associates. The additional field work is required to comply with auditing guidelines <br /> which require that financial reports be published soon after field work is completed. <br /> FISCAL IMPACT <br /> If City Council chooses to accept the financial report there will be no fiscal impact. <br /> ENVIRONMENTAL REVIEW <br /> This activity is not a project under CEQA as defined in CEQA Guidelines, section <br /> 15378, because it has no potential for resulting in either a direct or foreseeable physical <br /> change in the environment. <br /> ATTACHMENTS <br /> None <br /> RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br /> None <br /> Page 7 of 7 <br />