Item 3C: Adoption of Resolution Acknowledging Receipt of the FY10 CAFR

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INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH OREGON AUDITING STANDARDS To the Honorable Mayor, Members of the City Council and the City Manager City of Eugene, Oregon We have audited the basic financial statements of City of Eugene, Oregon as of and for the year ended June 30, 2010, and have issued our report thereon dated December 3, 2010. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the provisions of the Minimum Standards for Audits of Oregon Municipal Corporations, prescribed by the Secretary of State. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the basic financial statements are free of material misstatement. Compliance As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we performed tests of the City’s compliance with certain provisions of laws, regulations, contracts and grants including provisions of Oregon Revised Statutes as specified in Oregon Administrative Rules OAR 162-010-0000 to 162-010-0330, as set forth below, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. Accounting records and related internal control structure. The use of various depositories to secure the deposit of public funds. The requirements relating to debt. The requirements relating to the preparation, adoption and execution of the annual budgets for fiscal years 2010 and 2011. The requirements relating to insurance and fidelity bond coverage. The appropriate laws, rules and regulations pertaining to programs funded wholly or partially by other governmental agencies. The requirements pertaining to the use of revenue from taxes on motor vehicle use fuel funds. The statutory requirements pertaining to the investment of public funds. The requirements pertaining to the awarding of public contracts and the construction of public improvements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. Except as discussed below, the results of our tests disclosed no instances of noncompliance that are required to be reported under Minimum Standards for Audits of Oregon Municipal Corporations, prescribed by the Secretary of State.