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HomeMy WebLinkAbout4.06 Single Audit Fiscal Year 1986-87 CITY OF DUBLIN AGENDA STATEMENT . CITY COUNCIL MEETING DATE: July 11, 1988 , SUBJECT :Dublin's Single Audit Report for fiscal year 86-87. EXHIBITS ATTACHED : 1. Report of Internal Controls 2. Report of compliance 3 Accountant's report on supplementary schedule of Federal Assistance. RECOMMENDATIO :That the City Council review and accept the reports. FINANCE STATEMENT :The City received a bill totalling $2,700 for these reports. DESCRIPTION :The City's single audit is composed of three major phases: 1. the preliminary planning phase, 2. a review of the internal controls, and 3 . the tests for compliance. The preliminary planning phases usually includes schedules that identify both the tasks and the estimated completion times for each task in the audit. No report is generated for public consumption that documents this process. The Review of Internal Controls enables the auditor to gain an understanding of the control environment and the flow of transactions in order to determine the extent to which the controls may be replied upon in the performance of substantive test. Note that the gist of this report is favorable. Finally the supplementary schedules of federal assistance state that the auditor's opinion was rendered based upon an examination of all the financial records of all funds and accounts for which the Municipal Corporation is responsible. This is the major reason for the single audit. Prior to the Federal requirements for a single audit, cites were audited by different auditors for each one of the Federal grants, loans, letters-of-credit, and funds transferred to the local governments. It is not an exaggeration to say that in _some cities the auditors were present all year, because by the time one auditor finished a specific audit another came to do another specific audit on a separate amount of money. The Federal Government complied with the request of local governments by instituting the Single Audit Act, which states that all monies received from the Federal Government will be audited at one time and by' the independent auditor performing the cities' financial audit. By doing this the city staff is saved the countless hours of presenting the same data to multiple auditors. The State of California is in the process of accepting the Federal Single Audit . report for the State' s funds that come to cities. The Lead agency will be the State Controller's Office. This will help to further diminish the duplication of information and work conducted for the Federal and then the State Government. The staff recommends that the City Council accept the Single Audit Report from Perry Carter, CPA. 6 r r �} CITY OF DUBLIN d SINGLE AUDIT REPORT ! FISCAL YEAR 1986/87 i . I I I j i r ' `a PERRY H. CARTER, C.P.A. CERTIFIED PUBLIC'ACCOUNTANT 22573 MAIN STREET SUITE I HAYWARD,CALIFORNIA 945"4 (415) 537-1836. AUDITOR'S REPORT ON INTERNAL CONTROLS ' (Accounting and Administrative) - Used in Administering Major and Nonmajor Financial Assistance Programs `• To the City Council City of Dublin, California I have examined the general purpose financial statements of the City of ,-, Dublin, California for the year ended June 30, 1987, and have issued my ( report thereon dated November 20, 1987. As-part of my examination, I made a study and evaluation of the internal control systems, including applicable internal administrative controls, used in administering federal financial assistance programs to the extent I considered necessary to evaluate the systems required by generally accepted auditing standards, the standards for financial and compliance audits contained in the Standards for Audit of Governmental Orzanizations, Programs. Activities, i and Functions, issued by the U.S. General Accounting Office, the Single Audit Act of 1984, and the provisions of O.M.B. Circular A-128, Audits of State and Local Governments. For the purpose of this report, I have classified the significant internal accounting and administrative controls used in administering federal financial assistance programs in the following categories: Treasury or financing, revenue and receipts, purchases and disbursements, external financial reporting, and, General Requirements Political activity Davis-Bacon Act Civil Rights Cash management Relocation assistance and real property acquisition -- Federal financial reports Soecific Requirements: Types of services Eligibility Matching level of effort Reporting Cost allocation Monitoring subrecipients The management of the City of Dublin is responsible for establishing and maintaining internal control systems used in administering federal financial assistance programs. In fulfilling that responsibility, estimates and judgements by management are required to assess the expected benefits and related costs of control procedures. The objectives of internal control systems used in administering federal financial assistance programs are to provide management with reasonable, but not -- absolute, assurance that with respect to federal financial assistance programs, resource use is consistent with laws, regulations, and policies; resources are safeguarded against :caste, loss, and misuse; and reliable ! '; data are obtained, maintained, and fairly disclosed in reports. r V. AUDITOR'S REPORT ON INTERNAL CONTROLS (Continued) Because of inherent limitations in any system of internal accounting and administrative controls used in administering federal financial assistance programs, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the systems to future periods is subject to the'risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. My study included all of the applicable control categories listed in the first paragraph. During the year ended June 30, 1987, The City of Dublin expended 86% of its total federal financial assistance under the following major federal financial assistance program: Federal Department of Transportation - FAU project i; With respect to internal control systems used in administering this major ",' federal financial assistance program my study and evaluation included considering the types of errors and irregularities that could occur, determining the internal control procedures that should prevent or detect such errors or irregularities, determining whether the necessary i.i procedures are prescribed and are being followed satisfactorily, and L evaluating any weaknesses. r- �.{ With respect to the internal control systems used solely in administering ` the nonmajor federal financial assistance programs of the City of Dublin, my study and evaluation was limited to a preliminary review of the systems to obtain an understanding of the control environment and the flow of transactions through the accounting system. My study and evaluation of the internal control systems used solely in administering these nonmajor federal financial assistance programs of the City of Dublin, did not extend beyond this preliminary review phase. _ My study and evaluation was more limited than would be necessary to express an opinion on the internal control systems used in administering the federal financial assistance programs of the City of Dublin. Accordingly, I do not express an opinion on the internal control systems used in administering the major federal financial assistance programs of the City of Dublin. Also, my examination, made in accordance with the standards mentioned in the first paragraph, would not necessarily disclose material weaknesses in the internal control systems used solely in administering nonmajor federal financial assistance programs. However, my study and evaluation and my examination disclosed no condition that I believe to be a material weakness in relation to a federal financial assistance program of the City of Dublin. This report is intended solely for the use of management and should not be used for any other purpose. This restriction is not intended to limit the distribution of this report, which, upon acceptance by the City of Dublin, is a matter of public record. i i. April 29, 1988 ..� PERRY H. CARTER, C.P.A. CCERTIFIED PUBLIC ACCOUNTANT 22572 MAIN STREET SUITE I HAYWARD,CALIFORNIA 94541 t (415) 517-1816 AUDITOR'S REPORT ON COMPLIANCE WITH LAGS AND REGULATIONS REIATED TO MAJOR AND NONMAJOR FEDERAL ASSISTANCE PROGRAMS 1.� i ; To the City Council City of Dublin, California "a I have examined the general purpose financial statements of the City of Dublin, California, for the year ended June 30, 1987, and have issued my report thereon dated November 20, 1987. My examination was made in i. accordance with generally accepted auditing standards; the standards for financial and''compliance audits contained in the Standards for Audit of r-� Governmental Organizations Programs Activities, and Functions issued by " the U.S. General Accounting Office; the Single Audit Act of 1984; and the provisions of O.M.B. Circular A-128, Audits of State and Local Governments, and accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. i~ The management of the City of Dublin is responsible for the City's compliance with laws and regulations. In connection with my examination referred to above, I selected and tested transactions and records from each major federal financial assistance program and certain nonmajor federal financial assistance programs. The purpose of my testing transactions and records from those federal financial assistance programs was to obtain reasonable assurance that the City of Dublin had in all material respects administered major programs and executed the tested nonmajor program transactions in compliance with � = laws and regulations, including those pertaining to financial reports and claims for advances and reimbursements, noncompliance with which I believe could have a material effect on the allowability of program expenditures. In my opinion, for the year ended June 30, 1987 the City of Dublin administered each of its major federal financial assistance programs in compliance in all material respects with laws and regulations, including those pertaining to financial reports and claims for advances and reimbursements, noncompliance with which I believe could have a material effect on the allowability of program expenditures. Il t i r AUDITOR'S REPORI jtl COMPLIANCE 'WITH LAWS AND REGL—.TIONS {� RELATED TO MAJOR AND NONMAJOR FEDERAL ASSISTANCE PROGRAMS (continued) The results of my testing of transactions and records selected from nonmajor federal financial assistance programs indicate that for the transactions and records tested the City of Dublin, complied with the laws and regulations referred to above. My testing was more limited than would be necessary to express an opinion on whether the City of Dublin administered these programs in compliance in all material respects with laws and regulations noncompliance with which I believe could have a material effect on allowability of program expenditures; however, with respect to the transactions that were not tested by me nothing came to my attention to indicate the City of Dublin had violated laws and regulations noncompliance with which could have a material effect on the financial statements. I .1 April 29, 1988 ' -6- � PERRY H. CARTER, C.P.A. 1. 1 CERTIFIED PUBLIC ACCOUNTANT 22572 LN1A1N STREET SUITE l HAYWARD,CALIFORNIA 94541 (415) 537-1836 ••I t AUDITOR'S REPORT ON COMPLIANCE WITH FEDERAT, IAWS AND REGULATIONS THAT MAY HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS �- To the City Council City of Dublin, California two I have examined the general purpose financial statements of the City of r-3 Dublin, California, for the year ended June •30, 1987, and have issued my { report thereon dated November 20, 1987. My -examination was made in accordance with generally accepted auditing standards; the standards for r- financial and compliance audits contained in the Standards for Audit of Governmental Organizations Programs Activities and Functions issued by the U.S. General Accounting Office; the Single Audit Act of 1984; and the provisions of O.M.B. Circular A-128, Audits of State and Local Governments, and accordingly, included such tests of the accounting records and such other auditing procedures as I considered necessary in the circumstances. The management of the City of Dublin is responsible for the City's compliance with laws and regulations. In connection with my examination referred to above, I selected and tested transactions and records to determine the City's compliance with laws and regulations noncompliance with which could have a material effect on the general purpose financial statements of the City. y The results of my tests indicate that for the items tested the City of Dublin complied with those provisions of laws and regulations noncompliance with which could have a material effect on the general purpose financial statements. Nothing came to my attention that caused me -s to believe that for the items not tested the City of Dublin was not in compliance with laws or regulations noncompliance with which could have a material effect on the City's general purpose financial statements. April. 29, 1988 L... i PERRY H. CARTER, C.P.A. L C.L'RTIFILD P[1I3L1C ,1CCOUNTANT 33572 MAIN STREET SUITE 1 z HAYWARD.CALIFORNIA 94541 (4151537-1336 AIIDITOR'S REPORT ON SCHEDULE OF FEDERAL ASSISTANCE r-� To the City Council Irk City of Dublin, California n I have examined the general purpose financial statements of the City of Dublin, California, for the year ended June 30, 1987, and have issued my report thereon dated November 20, 1987. My examination was made in accordance with generally accepted auditing standards; the standards for financial and compliance audits contained in the Standards for Audit of Governmental Organizations, Programs, Activities. and Functions issued by r, the U.S. General Accounting Office; the Single Audit Act of 1984; and the provisions of O.M.B. Circular A-128, Audits of State and Local ` Governments, and accordingly, included such tests of the accounting records and such other auditing procedures as I considered necessary in the circumstances. My examination was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The accompanying Schedule of Federal Assistance is presented for the purposes of additional analysis and is not a required part of the general purpose financial statements. The information in that schedule has been subjected to the auditing procedures applied in the examination of the general purpose financial statements and, in my opinion, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. U 1 ' April 29, 1988 .�., 14, Ca.,�—� i CITY OF DUBLIN SCHEDULE OF FEDERAL ASSISTANCE YEAR ENDED JUNE 30, 1987 (l7 Balance Balance # Catalog of Receivable Expenditures Receivable �'._) Federal Domestic (Deferred) at and Federal Funds (Deferred) at Term of Grant Assistance Number July 1, 1986 Related Costs Received June 30, 1987 (A �'a Department of the Treasury October 1, 1986 21.300 $60,087 $ 48,399 $108,486 Revenue Sharing Program September 30,1987 ,r^ Department of Housing and ( ' Urban Development Community Development Block Federal Fiscal r: Grant Program, Entitlement YEAR 1987 14.218 85,340 111,340 $(26,000) 1 Grant Department of Transportation Urban Mass Transportation Capital Improvement Grant Master Agreement (( FAU Project M-3072(91) Dated 12/12/83 20.500 797,875 797,875 i' . Federal Emergency Management ' Agency (FEMA) Disaster Assistance Program 1986/87 83.516 4,543 1.194 5.737 64 630 $932.808 $1.023.438 S(26.000) ' I i it t� l' L