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<br /> <br />4F <br /> <br />=11I11 <br /> <br />pLEASANTONc <br /> <br />City Council <br />Staff Report <br /> <br />May 16, 2006 <br />Finance Department <br /> <br />SUBJECT <br /> <br />TRANSMITTAL OF AUDIT OF FINANCIAL TRANSACTIONS <br /> <br />STAFF RECOMMENDATION: <br /> <br />Staff and the Audit Committee recommend that the City Council accept the <br />2004-2005 audit reports. <br /> <br />SUMMARY <br /> <br />Financial audits are performed annually by independent auditors and the <br />reports are presented to the City Council each year. All Councilmembers <br />have received the reports in advance of this Council meeting. Auditing <br />standards also require that a City Audit Committee review them. <br /> <br />Honorable Mayor and Members of the City Council: <br /> <br />BACKGROUND <br /> <br />Caporicci & Larson, Certified Public Accountants, have completed the audit of the City's <br />financial transactions for the fiscal year 2004-2005. Attached for your review are the following <br />documents prepared by the City of Pleasanton and the Certified Public Accountants: <br /> <br />. City of Pleasanton, Comprehensive Annual Financial Report, June 30, 2005, <br />with Report of Certified Public Accountants. <br /> <br />. City of Pleasanton Single Audit, June 30, 2005, with Report of Certified Public <br />Accountants. <br /> <br />. City of Pleasanton, Community Transit Services, Financial Statements, June 30, <br />2005 and 2004, with Report of Certified Public Accountants. <br /> <br />. City of Pleasanton, Measure B Funds, Financial Statements, June 30, 2005, with <br />Report of Certified Public Accountants. <br /> <br />SR:06:125 <br />