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G Alameda County Transportation Commission — Measure F Funds Financial Statements and Independent Auditors' Reports are required by the Alameda County Transportation Commission (ACTC) Under Measure F, approved by the voters of Alameda County in November 2010, the City receives a portion of the proceeds of the $10 per year vehicle registration fee for funding transportation related projects Copies of the report are submitted to ACTC to show that the City is in compliance with the requirements governing expenditures of Measure F funds for the year ending June 30, 2016 This year, the auditors conducted the fieldwork required for the City to issue the Single Audit Report in February of 2017 Therefore, we will issue the Single Audit Report sometime after February of 2017 The Single Audit Report is the audit report required by the Single Audit Act of 1984 This report contains a schedule of Federal Financial Assistance that summarizes Federal grant activity in the City of Pleasanton for the fiscal year ending June 30, 2016 The auditors will also issue The City of Pleasanton Auditors' Communication with those Charged with Governance report when they issue the Single Audit Report This report includes the auditors' letter addressed to the City, communicating their responsibilities in performing the audit and if any, significant findings and issues detected during the course of the audit DISCUSSION Maze and Associates did not report concerns with the City's internal controls or with any aspect of the City's financial reporting The Audit Committee met on February 2, 2017 to review the FY 2015/16 CAFR and related audit reports Council members Karla Brown and Arne Olson serve on the Audit Committee along with the City Manager and the Director of Finance The Audit Committee discussed the audit reports The Audit Committee recommended that the reports be formally accepted by City Council Sub itted by Approve• by A / l� Tina Olson Nelson Fialho Director of Finance City Manager Page 3of3