Title:
Title
Fiscal Year 2017/18 Independent Accountants' Report on the Appropriation Limit Calculation
End
FileID
File ID: 2018-01759
Location
Location: Citywide
Recommendation:
Recommendation
Receive and file.
Contact: Osvaldo Lopez, Accounting Manager, (916) 808-4740, Department of Finance
Body
Presenter: None
Attachments:
1-Description/Analysis
2-2018 City of Sacramento GANN Limit AUP
Description/Analysis
Issue Detail: Section 1.5 of Article XIII-B of the California Constitution requires that local governments engage their auditors to apply certain agreed-upon procedures to the appropriation limit data compiled by the local government. The City's appropriations limit calculation agreed-upon procedures have been conducted to confirm that the City is meeting the requirements for the fiscal year ending June 30, 2018.
Policy Considerations: This report is consistent with the City's fiscal transparency and accountability principles.
Economic Impacts: None.
Environmental Considerations:
California Environmental Quality Act (CEQA): This action is not a project subject to CEQA because it involves only organizational or administrative activities that will not result in direct or indirect physical changes in the environment. (CEQA Guidelines ?15378(b)(5).
Sustainability: Not applicable.
Commission/Committee Action: The Fiscal Year 2017/18 Independent Accountants' Report on the Appropriation Limit Calculation was presented to the Budget and Audit Committee on January 29, 2019. The Committee approved a Motion to forward the report to the City Council.
Rationale for Recommendation: It is in the best interest of the City to receive and file the Appropriations Limit Calculation agreed-upon procedures report for the following reasons:
* Compliance with the requirements established in Section 1.5 of Article XIII-B of the California Constitution requires that the annual calculation of the appropriations limit shall be reviewed as part of an ...
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