Laserfiche WebLink
e Alameda County Transportation Commission — Measure F Funds Financial <br /> Statements and Independent Auditors' Reports are required by the Alameda <br /> County Transportation Commission (ACTC). Under Measure F, approved by the <br /> voters of Alameda County in November 2010, the City receives a portion of the <br /> proceeds of the $10 per year vehicle registration fee for funding transportation <br /> related projects. Copies of the report are submitted to ACTC to show that the City <br /> is in compliance with the requirements governing expenditures of Measure F funds <br /> for the year ending June 30, 2016. <br /> • Single Audit Report is the audit report required by the Single Audit Act of 1984. <br /> This report contains a schedule of Federal Financial Assistance that summarizes <br /> Federal grant activity in the City of Pleasanton for the fiscal year ending June 30, <br /> 2016. <br /> e Auditors' Communication with Those Charged with Governance report <br /> includes the auditors' letter, addressed to the City, communicating their <br /> responsibilities in performing the audit and if any, significant findings and issues <br /> detected during the course of the audit. The report also includes the City of <br /> Pleasanton Management Representation Letter, addressed to the auditors, <br /> communicating management's opinion of the City's financial condition, internal <br /> controls, and adherence with laws and regulations. <br /> This year the auditors conducted the fieldwork required for the City to issue the Single <br /> Audit Report in February of 2017 and issued the Single Audit Report in March of 2017. <br /> The auditors also issued the Auditors' Communication with those Charged with <br /> Governance report in March of 2017 which is related to both the City's financial audit and <br /> the Single Audit. As a result, staff is submitting the City's CAFR and other audit reports <br /> completed the end of December 2016 in March of 2017. <br /> DISCUSSION <br /> Maze and Associates did not report concerns with the City's internal controls or with any <br /> aspect of the City's financial reporting. The Audit Committee met on February 2, 2017 <br /> to review the FY 2015/16 CAFR and related audit reports. Council members Karla <br /> Brown and Arne Olson serve on the Audit Committee along with the City Manager <br /> and the Director of Finance. The Audit Committee discussed the audit reports. The <br /> Audit Committee recommended that the reports be formally accepted by City <br /> Council. <br /> Submitted by: Approve by: <br /> 11:4/1-- <br /> Tina Olson Nelson Fialho <br /> Director of Finance City Manager <br /> Page 3 of 4 <br />