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BACKGROUND <br /> The City's independent auditors, Maze and Associates, Certified Public <br /> Accountants, have completed the audit of the City's financial transactions for FY <br /> 2015/16 The following reports, prepared by the City of Pleasanton and audited by <br /> the City's independent auditors are as follows <br /> ® Comprehensive Annual Financial Report (CAFR) is the overall financial report <br /> for the entire city organization and provides information about the financial results <br /> of operations and numerous required disclosures This is the financial report <br /> prepared by the City and audited by the independent auditors to provide <br /> reasonable assurance that the financial statements are fairly presented in <br /> accordance with generally accepted accounting principles (GAAP) in the United <br /> States This report contains the Independent Auditors' Report, which is prepared <br /> by the auditors based on their examination of the City's financial transactions for <br /> the fiscal year ending June 30, 2016 <br /> ® Community Transit Services, Senior Citizen, and Disabled Transportation <br /> Program Fund Financial Statements and Independent Auditors' Reports is <br /> the audit report required by the Transportation Development Act (TDA) for Article <br /> 4 5 funds received in fiscal years 2015 and 2016 TDA funds are used to support <br /> the transportation program for senior and disabled citizens of Pleasanton This <br /> program is provided through the Dial-A-Ride program in the Community Services <br /> Department Copies of the report are submitted to the Metropolitan Transportation <br /> Commission for their review <br /> ® Alameda County Transportation Commission - Measure B Funds Financial <br /> Statements and Independent Auditors' Reports are required by the Alameda <br /> County Transportation Commission (ACTC) Measure B funds, the one-half cent <br /> sales tax approved by Alameda County voters in 1986 and in 2000, provides <br /> funding for City transportation related projects Copies of the report are submitted <br /> to ACTC to show that the City is in compliance with the requirements governing <br /> expenditures of Measure B funds for the year ending June 30, 2016 <br /> ® Alameda County Transportation Commission - Measure BB Funds Financial <br /> Statements and Independent Auditors' Reports are required by the Alameda <br /> County Transportation Commission (ACTC) Measure BB funds, an additional <br /> one-half sales tax approved by Alameda County voters in November 2014, <br /> provides funding for City transportation related projects Copies of the report are <br /> submitted to ACTC to show that the City is in compliance with the requirements <br /> governing expenditures of Measure BB funds for the year ending June 30, 2016 <br /> ® Independent Accountants' Report on Agreed-Upon Procedures Applied to <br /> Appropriations Limit Schedule is required by the State of California in Section <br /> 1 5 of Article XIIIB of the California Constitution Article XIIIB of the California <br /> Constitution limits the amount that governmental agencies can annually <br /> appropriate from proceeds of taxes An annual calculation, factoring in population <br /> and inflation changes, is performed each year to determine the new appropriation <br /> limit The appropriation limit for the FY 2016/17 was approved by Council by <br /> resolution in June 2016 <br /> Page 2 of 3 <br />