HomeMy WebLinkAboutRDA AG PKT 2006-01-23 #2 L i
AGENDA REPORT
DATE: January 23, 2006
TO: Chairman and Agency Members
THRU: John B. Bahorski, Executive Director
FROM: Dennis Miura, Interim Director of Administrative Services /Treasurer
SUBJECT: Financial Statements for the Fiscal Year ended June 30, 2005
SUMMARY OF REQUEST:
Staff requests that the Agency Board receive and file the Seal Beach Redevelopment
Agency Financial Statements for the fiscal year ended June 30, 2005 (previously
transmitted to the Agency Board).
BACKGROUND:
The audit firm of Moreland and Associates, Inc has completed the annual audit of the
Seal Beach Redevelopment Agency for the fiscal year ended June 30, 2005. 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, 2005. In
addition, there were no findings of reportable conditions or material weakness in internal
control over fmancial 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:
Staff recommends that Agency Board receive and file the June 30, 2005 Financial
Statements.
R.0.1 AGENDA ITEM 2
Redevelopment Agency Financial Statements for FY 2005 2
h i #tt i g--
Dennis Miura
Interim Director of Administrative Services/Treasurer
Jo ► :. Bahorski
C Manager
Agenda Item