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Agenda Packet_2022-01-18
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Agenda Packet_2022-01-18
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Agenda Packet
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1/18/2022
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EXHIBIT 6 <br /> Clifton LarsonAllen LLP <br /> Olt <br /> CLAconnect.com <br /> INDEPENDENT ACCOUNTANTS' REPORT <br /> Honorable City Council <br /> City of Santa Ana <br /> Santa Ana, California <br /> We have performed the procedures enumerated below on assisting the City of Santa Ana (the City) in <br /> determining whether the City's investment activities are in compliance with the City's Statement of <br /> Investment Policy (the Policy) and the California Government Code, §53600, et al. (the Code) for the <br /> quarter ended June 30, 2021. The City's management is responsible for the compliance with the Policy <br /> and the Code. <br /> The City has agreed to and acknowledged that the procedures performed are appropriate to meet the <br /> intended purpose of determining whether the City's investment activities are in compliance with the <br /> City's Statement of Investment Policy (the Policy) and the California Government Code, §53600, et al. <br /> (the Code). This report may not be suitable for any other purpose. The procedures performed may not <br /> address all the items of interest to a user of this report and may not meet the needs of all users of this <br /> report and, as such, users are responsible for determining whether the procedures performed are <br /> appropriate for their purposes. <br /> The procedures and the associated findings are as follows: <br /> 1. We obtained a copy of the City's Quarterly Investment Report for the quarter ended June 2021 <br /> and compared the investments listed in the report to the types of investments authorized by the <br /> Policy for fiscal year 2020/2021. <br /> No exceptions were noted as a result of our performing this procedure. <br /> 2. We compared the investments listed on the City's Quarterly Investment Report for the quarter <br /> ended June 2021 to the type of investments authorized by the Code. <br /> No exceptions were noted as a result of our performing this procedure. <br /> 3. We observed the maturity dates for all investments listed on the City's Quarterly Investment <br /> Report for the quarter ending June 30, 2021 and compared to the maturity limits stated in the <br /> Policy to determine the dates do not exceed the limits in the policy. <br /> No exceptions were noted as a result of our performing this procedure. <br /> 4. We obtained the City's Quarterly Investment Report for the quarter ending June 30 2021 and <br /> observed that it contained the information/data required by the Code and met the timing <br /> requirements of the Code, as follows <br /> a. Included the type of investment, issuer, date of maturity, par and dollar amount invested <br /> a ,r � on all <br /> securities, investments and monies held by the City. <br /> Arne <br /> I NCAIQ CounCULA is an independent member of Nexia Internationagaled36g,global network of independei 1/1 8/2022 <br /> �/International accounting and consulting firms.See nexia.com/member-firm-disclaimer for details. <br />
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