City of Livingston – Independent Auditor’s Report and Financial Statements June 30, 2011

{Note from TheGardeningSnail, this page was prepared by bouncing an Image file through a program that converts Image to Text. So if there are textual gremlins: bummer – there’s always the City’s online version}

STAFF REPORT

AGENDA ITEM: City of Livingston Independent Auditor’s Report and Financial Statements
June 30, 2011 and City of Livingston Local Transportation Development
Act Fund – Independent Auditor’s Report and Financial Statements June 30, 2011

MEETING DATE: October 18, 2011

PREPARED BY: Victoria Lewis, Assistant City Manager/Finance Director

REVIEWED BY: Jose Antonio Ramirez, City Manager

RECOMMENDATION:

City Council accept City of Livingston – Independent Auditor’s Report and Financial Statements dated June 30, 2011 and City of Livingston Local Transportation Development Act Fund – Independent Auditor’s Report and Financial Statements dated June 30, 2011.

Copies of the Fiscal Year 2010/2011 annual audit reports and financial statements for both the general city audit and the compliance audit for our Local Transportation Development Act Fund have been provided for your review. Staff recommends that City Council ask, and have addressed, any questions or concerns they may have regarding the reports or the financial status of the City.

BACKGROUND:

State law requires that all general-purpose local governments publish, a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed Certified Public Accountants. Pursuant to that requirement, we hereby submit the Annual Independent Auditor’s Report and Financial Statements for the period ending June 30, 2011.

DISCUSSION:

City Council was provided this report for review prior to its formal presentation by Bryant Jolley, CPA at tonight’s meeting.

FISCAL IMPACT:
None.

ATTACHMENTS:

City of Livingston – Independent Auditor’s Report and Financial Statements June 30, 2011

City of Livingston Local Transportation Development Act Fund – Independent Auditor’s Report and Financial Statements June 30, 2011.

 

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