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The City of Pleasanton Independent Accountants' Report on Agreed -Upon <br /> Procedures Applied to Appropriations Limit Schedule is required by the <br /> State of California in Section 1.5 of Article XIIIB of the California Constitution. <br /> Article XIIIB of the California Constitution limits the amount that governmental <br /> agencies can annually appropriate from proceeds of taxes. An annual <br /> calculation, factoring in population and inflation changes, is performed each year <br /> to determine the new appropriation limit. <br /> DISCUSSION <br /> Auditing standards require the City's independent auditors to discuss their findings with <br /> the City's Audit Committee, which was done on January 13, 2010. Councilmember <br /> Cheryl Cook- Kallio and Councilmember Jerry Thorne serve on the Audit Committee. <br /> Also on the committee are the City Manager and the Director of Finance. Findings <br /> concerning certain internal control procedures or operations as of December 2009 were <br /> presented in a report titled "Report to the City Council and Management The <br /> committee discussed the auditors' comments with them and there were no concerns of <br /> significance. Staff values the auditor recommendations and will continue to improve our <br /> controls, policies and procedures. <br /> Submitted by: Approved y: j <br /> Dt hie <br /> David P. Culver Nelson Fialho <br /> Director of Finance City Manager <br /> Page 3 of 3 <br />