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 annual financial audit.
• The public accounting firm of Vavrinek, Trine, Day and Co., LLP, has performed the agreed-upon procedures in accordance with attestation standards established by the American Institute of Certified Public Accountants
Financial Considerations: The total appropriations shall not exceed the appropriations limit of the City for the prior year adjusted for the change in the cost of living and the change in population. The review conducted by Vavrinek, Trike, Day and Co., LLP has confirmed that the City has not exceeded this limit.
Local Business Enterprise (LBE): No goods or services are being purchased under this report.