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Resolution approving the Annual Comprehensive Financial Report and other related Miscellaneous reports for Fiscal Year 2021-22
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WHEREAS, the Government Accounting Standards Board Statement 34 (GASB 34) requires the City of South San Francisco to provide an overview of its financial activities for the fiscal year; and
WHEREAS, the City of South San Francisco publishes an Annual Comprehensive Financial Report (ACFR), which includes its Basic Financial Statements as defined in Governmental Accounting Standards, as well as Supplementary Information; and other related Miscellaneous report for Fiscal Year 2021-22;
WHEREAS, the City’s independent auditor opined that that the City’s financial statements present fairly, in all material respects, the City’s financial position as of year ended June 30, 2022; and
WHEREAS, the auditor has as part of its most recently completed audit prepared a letter to the City Council, also known as the Auditors’ Required Communications Letter and Independent Auditors’ Memorandum on Internal Control, outlining the scope of the audit review and findings, if any; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that the City Council accepts the attached results of the attached ACFR and other related Miscellaneous reports.
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Attachments:
1. Annual Comprehensive Financial Report (ACFR)
2. Transportation Development Act, Article III Fund Program
3. San Mateo County Transportation Authority - Measure A Funds Financial Statements and Independent Auditors’ Report
4. San Mateo County Transportation Authority - Measure W Funds Financial Statements and Independent Auditors’ Report
5. Independent Accountants’ Report on Agreed-Upon Procedures Applied to Appropriations Limit Schedule
6. Auditors’ Required Communications Letter
7. Independent Auditors’ Memorandum on Internal Control