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6.B. - Page 2 of 55 <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 />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. There were no findings noted in this report. <br />Independent Accountant's Report on Agreed -Upon Procedures for Compliance with the Proposition 111 <br />Appropriation Limit <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 2020-21, as <br />staff prepare the calculation every May for the subsequent fiscal year. There were no findings noted in <br />this report. <br />Independent Auditor's Report on Schedule of Receipts and Disbursements of the City's Measure A Funds <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. There were no findings noted in this report. <br />Report on Compliance with the Agreement for Distribution of San Mateo County Measure W Funds <br />This report is a compliance review of the financial records and funds of the Measure W Transportation <br />Fund revenue and expenditures in accordance with the Agreement for Distribution of San Mateo County <br />Measure W Funds for Local Transportation purposes. There were no findings noted in this report. <br />Independent Auditor's Report on the City's 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 />There were no findings noted in this report. <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.ore <br />