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HomeMy WebLinkAboutFin Single Audit FY2010-11CITY oFirr��i��Ir i :Agenda Item No: 3 h. Meeting Date: May 7, 2012 SAN RAFAEL CITY COUNCIL AGENDA REPORT Department: FINANCE Prepared by: Mark Moses City Manager Approval/ Interim Finance Director SUBJECT: FY 2010-2011 SINGLE AUDIT REPORT RECOMMENDATION: ACCEPT THE FY 2010-2011 SINGLE AUDIT REPORT BACKGROUND: As is required by both local code and State law, the City of San Rafael must complete an annual audit of its financial activities. The auditing firm of Maze and Associates, Accountancy Corporation conducted the audit for fiscal year 2010-2011. Their work was completed in accordance with generally accepted auditing standards; Government Auditing Standards, issued by the Comptroller General of the United States; and the provisions of Office of Management and Budget Circular A-133, Audits of State and Local Government and Non -Profit Organizations. The Federal Government requires that any local agency receiving or expending $500,000 or more in combined federal grant funds, either directly or indirectly in a fiscal year, is subject to a separate audit on those programs and a separate Single Audit Report is issued. This threshold amount occurred in fiscal year 2010-2011; therefore, this separate audit report was required. ANALYSIS: The City incurred a total of $1,666,887 federal expenditures in FYI 0-11 that fall under the parameters of this audit. The auditor identified 3 major programs to be audited. 1. U.S Department of Transportation - State and Community Highway Safety: $415,442 - funds supported traffic enforcement, including DUI enforcement and awareness. 2. ARRA - U.S Department of Housing and Urban Development - CDBG Entitlement grants: $510,000 — funds supported ADA compliance, curb ramps. i r a FOR CITY CLERK ONLY File No.: Council Meeting: Disposition: �,; SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2 3. ARRA - U.S Department of Energy - Energy Efficiency and Conservation Block Grant Program: $162,671 — funds support renovation to the heating, ventilation and air conditioning system at City Hall. As required under the Single Audit Act, a number of separate reports are contained within this document. Most of these reports comment on either compliance with Federal assistance regulations or recommendations regarding the City's accounting practices. With respect to compliance, the auditors have found no material instances of noncompliance with laws, regulations, contracts or grants applicable to our programs. There were no current findings or recommendations. FISCAL IMPACT: No fiscal impact occurs by having the Council accept the report. ACTION REQUIRED: Accept the report as prepared by the City's financial audit firm. Attachments: Single Audit Report W:\Managernent Services- WorkFile'Tinance- WorkFile\council Material\Staff Reports\2012\City\Audit report fy201 0-11 Single Audit. doc