Agenda Packet 12-9-19 Meeting - Laserfiche WebLink

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Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business‐type activities, each major fund, and the aggregate remaining fund information of the City as of June 30, 2019, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis (pages 13 through 21), the schedules of revenues, expenditures and changes in fund balances – budget and actual of the General Fund and the Community Development Fund (pages 83 through 84) (the “budgetary schedules”), the schedule of the City’s Proportionate Share of the Net Pension Asset/(Liability) (page 85), the schedule of the City’s Proportionate Share of the Net OPEB RHIA Asset (Liability) (page 86), the Schedule of Changes in the City’s Total OPEB RHLI Asset (Liability) (page 86) and the budget to GAAP reconciliation (page 87), be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to management’s discussion and analysis, the schedule of the City’s Proportionate Share of the Net Pension Asset (Liability), the schedule of the City’s Proportionate Share of the Net OPEB RHIA Asset (Liability), and the Schedule of Changes in the City’s Total OPEB RHLI Asset (Liability) in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The budgetary schedules described above on pages 83 ‐ 84 and the budget to GAAP reconciliation on page 87 are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. The budgetary schedules and budget to GAAP reconciliation have been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the budgetary schedules and budget to GAAP reconciliation are fairly stated, in all material respects, in relation to the basic financial statements as a whole. 10 December 9, 2019, Meeting - Item 2CCC Agenda - Page 54