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Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2021 <br /> January 18, 2022 <br /> Page 3 <br /> SEPARATELY ISSUED REPORTS: <br /> In addition to the ACFR and the AQMD reports, CLA performed the following Agreed- <br /> Upon Procedures (AUP) examinations. <br /> Appropriation Limit Calculations, also known as GANN Limit (Exhibit 5) <br /> The GANN limit established the appropriations limit on expenditures for publicly funded <br /> programs in accordance with Section 1 of Article XIII of the California Constitution. <br /> The Accounting Division is pleased to report that no findings were noted as a result of this <br /> AUP Review. <br /> City's Compliance with the Statement of Investment Policy (Exhibit 6) <br /> The City elected to have the auditor confirm the City's compliance with its Investment <br /> Policy. <br /> The Accounting Division is pleased to report that no findings were noted as a result of this <br /> review. <br /> Measure X Agreed-Upon-Procedures Report (Exhibit 7) <br /> In accordance with SAMC 35-216, staff has prepared an annual report that includes the <br /> list of expenditures made with Measure X money for FY 2020-21 . In accordance with <br /> SAMC 35-215, the City's independent auditor has reviewed the annual report prepared <br /> by staff, verified the numbers presented, and opined the numbers are fairly stated. On <br /> December 8, 2021, the audit engagement partner presented the report to the Measure X <br /> Citizens Oversight Committee, in accordance with Section 6 of Resolution No. 2019-008 <br /> (the Committee's establishing resolution). Staff expects that the Committee will prepare <br /> its annual report and make recommendations to the City Council in time for the budget <br /> process, in accordance with the same establishing resolution. <br /> ENVIRONMENTAL IMPACT <br /> There is no environmental impact associated with this action. <br /> FISCAL IMPACT <br /> There is no fiscal impact associated with this action. <br /> EXHIBIT <br /> 1. Audit Opinion Letter <br /> 2. Government Auditing Standards (GAS) Letter <br /> 3. Governance Letter <br /> 4. Air Quality Management District (AQMD) Report <br /> 5. GANN Limit Agreed-Upon Procedures Report <br /> 6. Investment Policy Agreed-Upon Procedures Report <br /> 7. Measure X Agreed-Upon Procedures Report <br /> City Council 9 - 3 1/18/2022 <br />