Laserfiche WebLink
6.1.D. - Page 1 <br />REPORT <br />To the Honorable Mayor and City Council <br />From Finance/Audit Committee <br />January 9, 2017 <br />SUBJECT <br />Comprehensive Annual Financial Report and Single Audit Report for Fiscal Year Ended <br />June 30, 2016 <br />RECOMMENDATION <br />Accept, by motion, the Fiscal Year Ended June 30, 2016 Comprehensive Annual <br />Financial Report (CAFR) and Single Audit Report <br />BACKGROUND <br />On December 12, 2016, the Council Finance and Audit Committee met with the Finance <br />staff and the City's independent auditors, Badawi & Associates, to review the FY 2015- <br />16 CAFR and the results of the audit. <br />ANALYSIS <br />The Audit Committee has reviewed and is recommending City Council acceptance of <br />the City's Comprehensive Annual Financial Report which is attached to the <br />accompanying staff report. This report prepared by staff summarizes the audit process <br />and the highlights of the City's financial statements. <br />ALTERNATIVES <br />Not applicable. <br />FISCAL IMPACT <br />Not applicable. <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 />