HomeMy WebLinkAboutRDA AG PKT 2008-02-11 #3
AGENDA STAFF REPORT
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DATE:
TO:
February 11, 2008
Chairperson and Members of the Redevelopment Agency
THRU:
David Carmany, Executive Director
FROM:
Robbeyn Bird, CPA
Director of Administrative ServicesJTreasurer
SUBJECT: JUNE 30, 2007 ANNUAL FINANCIAL REPORT
SUMMARY OF REQUEST:
Staff requests that the Board receive and file the Seal Beach Redevelopment
Agency Annual Financial Report for the fiscal year ended June 30, 2007.
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BACKGROUND:
The audit firm of Moreland and Associates, Inc has completed the annual audit of
the Seal Beacl) Redevelopment Agency for the fiscal year ended June 30,2007.
The audit was conducted in accordance with generally accepted auditing
standards and included examining, on a test basis, evidence supporting the
amounts and disclosures to obtain reasonable assurance that the financial
statements are free of material misstatements. In the opinion of the auditors, the
financial statements fairly present, in all material respects, the financial position
of the Seal Beach Redevelopment Agency at June 30, 2007. In addition, there
were no findings of reportable conditions or material weakness in internal control
over financial reporting or instances of non-compliance with certain provisions of
laws, regulations, contracts or grants, which could have a direct and material
effect on the determination of financial statement amounts.
FISCAL IMPACT:
None
RECOMMENDATION:
That the Redevelopment Agency Board receive and file the Annual Financial
Report of the Seal Beach Redevelopment Agency.
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SUBMITTED BY:
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ROQbeyn rd, CPA
Director of Administrative ServicesfTreasurer
NOTED AND APPROVED:
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David Carmany 1
City Manager
Attachments:
Annual Financial Statements
Agenda Item -Lf.M...?