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AgdaPkt 2011-01-10
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AgdaPkt 2011-01-10
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Last modified
7/2/2012 4:48:18 PM
Creation date
1/6/2011 4:24:06 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Agency Type
City Council and Redevelopment Agency
Date
1/10/2011
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6.1 B <br /> City of Redwood City AT �,��i�J4� <br /> Single Audit Reports <br /> Schedule of Findings and Questioned Costs <br /> For the Year Ended June 30, 2010 <br /> A. SUMMARY OF AUDIT RESULTS <br /> 1. The auditors' report expresses an unqualified opinion on the basic financial statements of the City of <br /> Redwood City. <br /> 2. A significant deficiency relating to the audit of the financial statements is reported in Part B of this <br /> schedule. The significant deficiency is not considered material weaknesses. <br /> 3. No instances of noncompliance material to the financial statements of City of Redwood City were <br /> disclosed during the audit. <br /> 4. Significant deficiency relating to the audit of the major federal award program is reported in the <br /> basic financial statements. <br /> 5. The auditors' report on compliance for the major federal award program for the City of Redwood <br /> City expresses an unqualified opinion. <br /> 6. Audit findings relative to the major federal award program for the City of Redwood City are <br /> reported in Part C of this Schedule. <br /> 7. The programs tested as major programs were as follows: <br /> Major Program Expenditures <br /> U.S. Department o� Transportaiion <br /> Highway Plannnlg and Constructiorr ARRA $ 523,000 <br /> Highway P1��nu1g and Constructiorr CMAQ 632,783 <br /> Highway Plannmg and Consiruchiorr ARRA 688,775 <br /> U.S. Departmeit a�f Enezgy. <br /> Erergy Efficialcy Conservation Block Grax�t ARIZA 134,491 <br /> Total Major Pl�ogiam Experditires $ 1,9 7 9 ,049 <br /> Total Federal Fxpenditures $ 4, <br /> Percent of Total Fedeial Award Expenditures 44 <br /> 8. The threshold for distinguishing Types A and B programs was $300,000. <br /> 9. The City of Redwood City was determined to be a low risk auditee. <br /> 9 <br />
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