Laserfiche WebLink
6.A. - Page 2 of 52 <br />Single Audit Report <br />This report is required of any agency that expends more than $750,000 in federal grant monies, and is <br />submitted to the Federal Audit Clearinghouse to ensure compliance with the Office of Management and <br />Budget's Uniform Guidance. For the fiscal year ended June 30, 2019, there were two observations and <br />one concern noted. These items were a direct result of the monitoring review performed by the regional <br />office of the U.S. Department of Housing and Urban Development in July 2019. One observation was <br />related to how the City charges the single audit fee to City programs and the other observation was in <br />regards to having stand-alone written agreements for the HOME Investment Partnerships program <br />(HOME), and not one combined agreement that covers both the HOME program and the Community <br />Development Block Grant program (CDBG). The one concern was a suggestion to have separate funds in <br />the City's general ledger for the CDBG and HOME programs. The observations and concern will be <br />corrected, with recommendations implemented before June 30, 2020. <br />Independent Accountant's Report on Applying Agreed -Upon Procedures for Compliance with the <br />Proposition 1112019-2020 Appropriations Limit Increment <br />This report includes agreed-upon procedures to test compliance and report on the Gann appropriations <br />limit calculation (California Constitution Article XIIB Appropriations Limit). This report is for FY 2019-20, as <br />the calculation is prepared by staff every May for the subsequent fiscal year. <br />Independent Auditor's Report on Schedule of Receipts and Disbursements of Measure A Transportation <br />Fund <br />This report is a compliance review of the financial records and funds of the Measure A Transportation <br />Fund revenue and expenditures in accordance with the Agreement for Distribution of San Mateo County <br />Measure A Funds for Local Transportation purposes. <br />Financial Statements and Independent Auditor's Report on Utility Users' Tax Fund <br />This report is an audit of the financial records and funds of the City's Utility Users' Tax Fund in accordance <br />with auditing standards generally accepted in the United States and Government Auditing Standards. <br />Auditor's Required Communications with those Charged with Governance <br />The American Institute of Certified Public Accountants requires this letter for all financial statement <br />audits. The purpose of this letter is to communicate to those charged with governance the scope of audit <br />procedures performed, significant findings, and other information that is not communicated in the <br />audited financial statements. There were no findings noted in this report. <br />FISCAL IMPACT <br />There is no fiscal impact to the City as a result of this action. <br />Page 2 of 3 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />8 <br />