BOARD MEETING DATE: February 5, 2010
AGENDA NO. 25

PROPOSAL:

Audit for FY Ended June 30, 2009

SYNOPSIS:

This agenda item transmits the annual financial audit of the AQMD performed by an independent certified public accountant. The AQMD has received an unqualified opinion (the highest obtainable) on its financial statements. 

COMMITTEE:

Administrative, December 11, 2009 and January 15, 2010

 

RECOMMENDED ACTION:

Receive and file the AQMD’s Comprehensive Annual Financial Report (CAFR), Schedule of Federal Financial Assistance and Single Audit Reports for the FY ended June 30, 2009.
 

Barry R. Wallerstein, D.Env.
Executive Officer

Background

The audit of the AQMD financial statements, along with the Schedule of Federal Awards and Single Audit Reports for the Fiscal Year ended June 30, 2009, have been completed by Thompson, Cobb, Bazilio & Associates, PC. AQMD has received an unqualified opinion on its financial statements. An unqualified opinion is the highest obtainable, assuring interested parties that AQMD’s financial statements present fairly the agency’s financial position. Administrative Committee met with the auditors to discuss their findings in detail.

Attachments

• The Comprehensive Annual Financial Report (CAFR), which includes the Independent Auditor’s Report, was previously provided to Board Members and is
  available for public viewing at AQMD’s library or website at www.aqmd.gov

• OMB Circular A-133 Reports that include Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards, Independent Auditor’s Report on Compliance with Requirements Applicable to Each Major Program and on Internal Control over Compliance in Accordance with OMB Circular A-133, and Schedule of Expenditures of Federal Awards. Copies were previously provided to Board Members and are available in AQMD’s library for public viewing.