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HomeMy WebLinkAboutFin Year-End Financial Statements and Related Audit Reports PPTIndependent Auditor Presentation Audit Results For fiscal year ended June 30, 2020 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 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 3/31/21) We also report on Gann Limit Agreed Upon Procedures Report 3 Results of Audit –CAFR Independent Auditor’s Report (pg 1 of CAFR) Unmodified/clean opinions…fairly stated,in all material respects…in conformity with accounting principles generally accepted (GAAP)in the USA. 4 Results of Audit –CAFR Management’s Discussion and Analysis (pg 5 of CAFR) Prepared by Finance Staff Discusses significant activity for the fiscal year 5 Results of Audit –CAFR Memorandum on Internal Control (MOIC) Three possible categories for comments: Material Weakness Significant Deficiency Other Matters Required Communications 6 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 Two current year findings – Repeat of significant deficiencies from the MOIC No other compliance findings NOTE –results will be reevaluated after the State issues its closeout letter 7 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 8 QUESTIONS? 9 “We are in the business to help our clients succeed”