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REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br /> <br />January 8, 2018 <br /> <br />SUBJECT <br />Single Audit and other Ancillary Reports for the Fiscal Year Ended June 30, 2017 <br /> <br />RECOMMENDATION <br />By motion, accept the City’s Single Audit Report and other Independent Accountant’s <br />Reports for the Fiscal Year Ended June 30, 2017 <br /> <br />BACKGROUND <br />The City’s independent auditors, Badawi & Associates, Certified Public Accountants, <br />have completed their audit of the City’s financial records and the City’s Comprehensive <br />Annual Financial Report (CAFR) for the fiscal year ended June 30, 2017. The City <br />Council accepted the CAFR at the December 18, 2017 Council meeting. <br /> <br />In addition to the CAFR, the Single Audit Report, the Independent Accountant’s Report <br />on the City’s GANN Appropriations Limit, the Independent Accountant’s Report on the <br />City’s Measure A Fund, and the audit of the City’s UUT Fund, have been performed and <br />prepared by Badawi & Associates. <br /> <br />These reports have been prepared in accordance with the standards set forth by the <br />Governmental Accounting Standards Board and Government Auditing Standards. <br /> <br />ANALYSIS <br />These reports are required annually as part of the City’s audit process and are <br />distributed to various agencies to ensure compliance with certain laws and regulations. <br /> <br />Below is a description of each report. All reports are included as attachments. <br /> <br />Single Audit Report <br />This report is required of any agency that expends more than $750,000 in federal grant <br />monies, and is submitted to the Federal Audit Clearinghouse to ensure compliance with <br />the Office of Management and Budget’s Uniform Guidance. <br /> <br /> <br /> <br /> <br />6.1.C. - Page 1