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File Number: 15-031 <br />City of San Leandro <br />Meeting Date: February 17, 2015 <br />Staff Report <br />Agenda Section: CONSENT CALENDAR <br />Agenda Number: 8.D. <br />TO: <br />City Council <br />FROM: <br />Chris Zapata <br />City Manager <br />BY: <br />David Baum <br />Finance Director <br />FINANCE REVIEW: David Baum <br />Finance Director <br />TITLE: <br />Staff Report on the Independent Auditor's City of San Leandro Memorandum <br />on Internal Control and Required Communications for the Year Ended June <br />30, 2014. <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council accept the City's Memorandum of Internal Control and <br />Required Communications for the year ended June 30, 2014 <br />BACKGROUND <br />On February 17, 2015, staff is recommending acceptance of the Comprehensive Annual <br />Financial Report (CAFR) for the year ended June 30, 2014. In planning and performing the <br />audit of the financial statements, the City's independent auditors considered the City's internal <br />control over financial reporting (internal control) as a basis for designing the auditing <br />procedures for the purpose of expressing opinions on the financial statements. At the <br />completion of the audit, an unqualified, clean opinion was rendered by Maze & Associates. <br />DISCUSSION <br />The City's independent auditor completed audits of the City's financial statements, including <br />the Memorandum of Internal Control (MGIC). The audit found no deficiencies nor material <br />weaknesses in the City's internal controls. <br />Attached is the MOIC from the City's external auditor which includes constructive <br />recommendations to ensure the City's accounting function is timely, complete and accurate. <br />CONCLUSION <br />Staff recommends that the City Council accept the City's Memorandum of Internal Control for <br />City of San Leandro Page 1 Printed on 2111/2015 <br />