Laserfiche WebLink
City of San Leandro <br />Meeting Date: June 18, 2018 <br />Staff Report <br />Agenda Section:File Number:18-276 CONSENT CALENDAR <br />Agenda Number:8.G. <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for Resolution Approving the Comprehensive Annual Financial <br />Report (CAFR) for the Year Ending June 30, 2017 <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council accept the CAFR for fiscal year ended June 30, 2017. <br />BACKGROUND <br />The City's independent auditor, Maze & Associates, has completed the audit of the City's <br />financial statements and provided their auditor's reports for the year ended June 30, 2017. The <br />Finance Department prepared the City's financial statements as part of its CAFR for the year <br />ended June 30, 2017. The Government Accounting Standards Board (GASB) recommends the <br />elements for the CAFR format. The CAFR and the related financial statements fully disclose the <br />financial condition of the City, Successor Agency to the Redevelopment Agency, and other <br />reporting units of the City. <br />Other financial statements for the year ended June 30, 2017 are reviewed and prepared by the <br />City's external auditor: <br /> <br />1. Alameda County Transportation Commission (ACTC) - Measure B Funds <br />2. Alameda County Transportation Commission (ACTC) - Measure BB Funds <br />3. Alameda County Vehicle Registration Fee - Measure F Funds <br />4. Transportation Development Act Article III Fund <br />5. Appropriations Limit Schedule and Independent Accountant's Report <br />6. Single Audit of Federal Grant Expenditures in accordance with the U.S. Office of <br />Management and Budget Uniform Guidance <br />The primary report, the CAFR, contains three sections. The first is the introductory section, which <br />provides general information on the City's structure, personnel, economic condition, and finances. <br />Page 1 City of San Leandro Printed on 6/12/2018 <br />453