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INDEPENDENT! <br />5Lhw͸{REPORT <br />TotheHonorableMayorandMembersoftheCityCouncil <br />CityofEugene,Oregon <br />ReportontheFinancialStatements <br />Wehaveauditedtheaccompanyingfinancialstatementsofthegovernmentalactivities,thebusinesstype <br />onoftheCityofEugene,Oregon <br />activities,eachmajorfund,andtheaggregateremainingfundinformati <br />ΛͻƷŷĻ/źƷǤͼΜasofandfortheyearendedJune30,2016,andtherelatednotestothefinancialstatements, <br />whichcollectivelycomprisethe/źƷǤ͸ƭbasicfinancialstatementsaslistedinthetableofcontents. <br />ağƓğŭĻƒĻƓƷ͸ƭResponsibilityfortheFinancialStatements <br />Managementisresponsibleforthepreparationandfairpresentationofthesefinancialstatementsin <br />accordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica;thisincludes <br />thedesign,implementation,andmaintenanceofinternalcontrolrelevanttothepreparationandfair <br />presentationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraudor <br />error. <br />!ǒķźƷƚƩƭ͸Responsibility <br />Ourresponsibilityistoexpressopinionsonthesefinancialstatementsbasedonouraudit.Weconducted <br />ourauditinaccordancewithauditingstandardsgenerallyacceptedintheUnitedStatesofAmericaand <br />thestandardsapplicabletofinancialauditscontainedin GovernmentAuditingStandards,issuedbythe <br />ComptrollerGeneraloftheUnitedStates.Thosestandardsrequirethatweplanandperformtheauditto <br />obtainreasonableassuranceaboutwhetherthefinancialstatementsarefreefrommaterial <br />misstatement. <br />Anauditinvolvesperformingprocedurestoobtainauditevidenceabouttheamountsanddisclosuresin <br />thefinancialstatements.TheproceduresselecteddependontheaudźƷƚƩ͸ƭjudgment,includingthe <br />assessmentoftherisksofmaterialmisstatementofthefinancialstatements,whetherduetofraudor <br />error.Inmakingthoseriskassessments,theauditorconsidersinternalcontrolrelevanttotheĻƓƷźƷǤ͸ƭ <br />preparationandfairpresentationofthefinancialstatementsinordertodesignauditproceduresthatare <br />appropriateinthecircumstances,butnotforthepurposeofexpressinganopinionontheeffectivenessof <br />theĻƓƷźƷǤ͸ƭinternalcontrol.Accordingly,weexpressnosuchopinion.Anauditalsoincludesevaluating <br />theappropriatenessofaccountingpoliciesusedandthereasonablenessofsignificantaccounting <br />estimatesmadebymanagement,aswellasevaluatingtheoverallpresentationofthefinancial <br />statements. <br />Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisfor <br />ourauditopinions. <br />1976 Garden Ave., Eugene OR 97403 <br />541.342.5161 www.islercpa.com <br />11 <br />