HomeMy WebLinkAboutFin Year-End Financial Statements and Related Audit Reports PPT11/15/2021
1
Independent Auditor Presentation
Audit Results
For fiscal year ended June 30, 2021
Amy L. Meyer, CPA
Partner
1
Annual Audit
Maze and Associates – we are an independent CPA
firm, independent from the City of San Rafael.
Audit was conducted in accordance with auditing
standards generally accepted in the United States of
America and Government Auditing Standards issued by
the Comptroller General of the United States of America.
2
1
2
11/15/2021
2
We Audit
City (Comprehensive Annual Financial Report)
Child Development Program Financial Report
Transportation Development Act Program
Single Audit (federal award programs – in
process – due by 3/31/22)
We also report on
Gann Limit Agreed Upon Procedures Report
3
Results of Audit – City’s FS
Independent Auditor’s Report
(pg 1 of City’s Report)
Unmodified/clean opinions…fairly stated, in all
material respects…in conformity with accounting
principles generally accepted (GAAP) in the USA.
Includes Emphasis of a Matter –
Change in Accounting Principles – Implementation of GASB
Statement No, 84,Fiduciary Activities
4
3
4
11/15/2021
3
Results of Audit –City
Management’s Discussion and Analysis
(pg 5 of City’s FS)
Prepared by Finance Staff
Discusses significant activity for the fiscal year
5
Results of Audit –City
Memorandum on Internal Control (MOIC)
Three possible categories for comments:
Material Weakness
Significant Deficiency
Other Matters
6
5
6
11/15/2021
4
Results of Audit –City
Required Communications
No changes in accounting policies, other than
implementation of GASB 84
No unusual transactions
Significant accounting estimates
No disagreements with management
No material adjustments or uncorrected
misstatements to report
7
DRAFT Results of Audit –Childcare
Independent Auditor’s Report on FS
Unmodified/clean opinion…fairly stated, in all
material respects…in conformity with accounting
principles generally accepted (GAAP) in the USA.
Independent Auditor’s Report on Compliance
No current year findings
NOTE – results will be reevaluated after the State
issues its closeout letter
8
7
8
11/15/2021
5
Results of Audit – TDA
Independent Auditor’s Report on FS
Unmodified/clean opinion…fairly stated, in all
material respects…in conformity with accounting
principles generally accepted (GAAP) in the USA.
Independent Auditor’s Report on Compliance
No current year findings
9
QUESTIONS?
10
“We are in the business to help our clients succeed”
9
10
