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HomeMy WebLinkAboutItem I 2 i .ti 1.1.5203 North Brea Boulevard Brandon W.Burrows Lance Suite 203 Donald L.Parker SOii & Michael K.Chu om Brea, CA 92821-4056 David E.Hale Lunghard (714) 672-0022 A Professional Corporation Fax (714) 672-0331 Donald G.Slater CERTIFIED PUBLIC ACCOUNTANTS Retired Robert C.Lance 1914-1994 August 26, 1999 Richard C.Soil g Fred J.Lunghard,Jr. City Council City of Seal Beach Seal Beach, CA 90740-6379 INDEPENDENT ACCOUNTANTS' REPORT ON AGREED-UPON PROCEDURES APPLIED TO APPROPRIATIONS LIMIT WORKSHEETS We have applied the procedures enumerated below to the accompanying Appropriations Limit worksheet No. 6 of the City of Seal Beach, California for the year ended June 30, 1999. These procedures, which were agreed to by the City of Seal Beach, California and the League of California Cities (as presented in the League publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines) were performed solely to assist the City of Seal Beach, California in meeting the requirements of Section 1.5 of Article XIIIB of the California Constitution. This engagement to apply agreed-upon procedures was performed in accordance with standards established by the American Institute of Certified Public Accountants. The sufficiency of the procedures is solely the responsibility of the specified users of the report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures performed and our findings were as follows: 1. We obtained the completed worksheets No. 1 through No. 7 (or other alternative computations) and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. The population and inflation options included in the aforementioned worksheets were not specifically selected by a recorded vote of the City Council, however, we verified that they were included in the calculation of the adopted appropriations limit. Finding: No exceptions were noted as a result of our procedures. MEMBER CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS Agenda Item I Lance ca�s�ren SGII & rample Lunyhar\ 7-.4"7S City Council City of Seal Beach Page 2 2. For the accompanying Appropriations Limit worksheet No. 6 we multiplied line A, last year's limit, by line D, ratio of change, and agreed the resulting amount to line E, this year's limit. Finding: No exceptions were noted as a result of our procedures. 3. We compared the current year information presented in the accompanying Appropriations Limit worksheet No. 6 to the other worksheets described in No. 1 above. Finding: No exceptions were noted as a result of our procedures. 4. We compared the prior year appropriations limit presented in the accompanying Appropriations Limit worksheet No. 6 to the prior year appropriations limit adopted by the City Council for the prior year. Finding: No exceptions were noted as a result of our procedures. We were not engaged to, and did not, perform an audit, the objective of which would be the expression of an opinion on the accompanying Appropriations Limit worksheet No. 6 (or other alternative computation). Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. No procedures have been performed with respect to the determination of the appropriation limit for the base year, as defined by the League publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines. This report is intended solely for the use of the City of Seal Beach, California and should not be used by those who have not agreed to the procedures and taken responsibility for the sufficiency of the procedures for their purposes. However, this report is a matter of public record and its distribution is not limited. CITY OF SEAL BEACH 1998-99 APPROPRIATIONS LIMIT CALCULATION A. 1997-98 APPROPRIATIONS LIMIT: $ 12,509,032 B. 1998-99 CHANGE IN CPI: 4.15% C. 1998-99 CHANGE IN POPULATION: 1.69% D. RATIO OF CHANGE (1.0415 x 1.0169): X 1.059101 E. 1998-99 APPROPRIATIONS LIMIT: $ 13248,333 ($12,509,032 x 1.059101)