HomeMy WebLinkAboutRDA AG PKT 2010-01-11 #2AGENDA STAFF REPORT
DATE: January 11, 2010
TO: Honorable RDA Chairman and Agency Members
THRU: David Carmany, City Manager /Executive Director
FROM: Robbeyn Bird, CPA — Director of'Administrative Services/Treasurer
SUBJECT: JUNE 30, 2009 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, 2009.
BACKGROUND:
The audit firm of Mayer Hoffmann and McCann P.C. has completed the annual
audit of the Seal Beach Redevelopment Agency for the fiscal year ended June
30, 2009. 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, 2009. In addition, there
were no findings of reportable conditions or material weaknesses 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.
FINANCIAL IMPACT:
None
RECOMMENDATION:
Staff recommends that the Redevelopment Agency Board receive and file the
Annual Financial Report of the Seal Beach Redevelopment Agency.
SUBMITTED BY:
Robbeyn Bird, CPA
Director of Administrative Services/
Treasurer
NOTED AND APPROVED:
C9
David Carman f,
City Manager /Executive Director
Attachments:
A. Annual Financial Statements
Agenda Item 2
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