HomeMy WebLinkAbout14 Autided Financial Report Agenda Item # 14
DistrictPublic Utility
ACTION
To: Board of Directors
From: Robert Mescher
Date: June 04, 2014
Subject: Consideration of the Audited Financial Report for 2013
1. WHY THIS MATTER IS BEFORE THE BOARD
The District is required to have its financial records audited each year. As the Board is
responsible for hiring auditors, the auditors present their findings directly to the Board.
2. HISTORY
On September 18, 2013, the Board renewed the contract with the accounting firm,
Moss-Adams, to perform the District's audit for 2013.
3. NEW INFORMATION
The 2013 audit is now complete and unmodified (formerly called, "unqualified.") Julie
Desimone, a partner of Moss-Adams, will present the audit results to the Board which
includes the drafts of the Consolidated Financial Statements and the Primary
Government Only Financial Statements for the year ended December 31, 2013. Ms.
Desimone will discuss the management letter which includes recommendations.
Attached are copies of the audited financial statements and the management letter.
4. FISCAL IMPACT
This is a report of the financial activity for 2013. There is no fiscal impact.
5. RECOMMENDATION
Accept the Audited Financial Reports for 2013.
Robert Mescher Michael D. Holley
Administrative Services Manager General Manager