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6.E. - Page 1 of 47 <br />/<�ik <br />Redwood <br />CitylCallifornia <br />Faunded 1867 <br />A,&/ <br />DATE: January 28, 2019 <br />SUBJECT <br />STAFF REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br />Single Audit Report and other Independent Auditor's Reports for the Fiscal Year Ended June 30, 2018 <br />RECOMMENDATION <br />By motion, accept the City's Single Audit Report and other Independent Auditor's Reports for the Fiscal <br />Year Ended June 30, 2018. <br />STRATEGIC INITIATIVE <br />Government Operations <br />BACKGROUND <br />The City's independent auditors, Badawi & Associates, Certified Public Accountants, have completed their <br />audit of the City's financial records for FY 2017-18 and have prepared the following reports: Single Audit <br />Report; Independent Accountant's Report on the City's Gann Appropriations Limit; Independent <br />Accountant's Report on the City's Measure A Fund; and an audit of the City's Utility Users' Tax Fund. <br />These reports have been prepared in accordance with the standards set forth by the Governmental <br />Accounting Standards Board and Government Auditing Standards. <br />ANALYSIS <br />The aforementioned reports are required annually as part of the City's audit process and are distributed <br />to various agencies to ensure compliance with certain laws and regulations. Below is a description of each <br />report. <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />254 <br />