REPORT TO COUNCIL
SUBJECT
Title
Receive and File the FY 2021/22 Annual Agreed Upon Procedure Audit Reports
Report
BACKGROUND
The City's audited Annual Agreed Upon Procedure Reports (AUP) are being presented to the City Council.
The City's independent auditor, Macias, Gini & O'Connell (MGO) performed three Agreed Upon Procedures (AUP) related to Fiscal Administration of Public Funds. One material finding was noted in the report for the period from January 1, 2022 through September 30, 2022 and on May 31, 2022.
Each year, staff coordinates and facilitates completion of the annual audit with the independent auditor. As part the annual audit process, the City engages with the auditors to perform Agreed Upon Procedures (AUP) to evaluate and test the City's policies and procedures related to custody and control of public funds.
EXISTING POLICY
City Charter Article XIII Fiscal Administration, Section 1318 (Independent Audit): Requires that an independent audit of the City's financial transactions be conducted at the end of each fiscal year. A final audit and report shall be submitted by a Certified Public Accountant to the City Council.
ENVIRONMENTAL REVIEW
The action being considered does not constitute a "project" with the meaning of the California Environmental Quality Act ("CEQA") pursuant to CEQA Guidelines section 15378(b)(4) in that it is a fiscal activity that does not involve any commitment to any specific project which may result in a potential significant impact on the environment.
DISCUSSION
Staff engaged MGO to perform the Agreed Upon Procedures (AUP) to evaluate internal control related to the fiscal administration of public funds. The AUP was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Seven cash collection sites and three programs were selected for review in FY 2021/22. Accordingly, MGO issued three AUP reports (Attachments 1, 2 & 3).
Surprise cash counts were conduc...
Click here for full text