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INDEPENDENT ACCOUNTANT’S REPORT ON APPLYING AGREED-UPON PROCEDURES OF MEASURE A REVENUES AND EXPENDITURES FOR YEAR ENDED JUNE 30, 2015
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Summary
The Measure A Citizens’ Advisory Committee discussed audit procedures to be performed on uses of Measure A proceeds and requested that these separate audit procedures be performed by the City. In response, the City Council’s Audit Committee recommended audit services be contracted appropriate for this general tax financial activity. The firm of Eadie and Payne, LLP has completed the Independent Accountant’s Report on Applying Agreed-Upon Procedures of Measures A and B Revenues and Expenditures for the Year Ended June 30, 2015.
DISCUSSION
Background
As a general sales tax, Measure A proceeds are part of the City’s General Fund. The City Charter (sections 1910 and 1911) requires the City to prepare a comprehensive annual financial statement (the CAFR) and have an annual audit of all City accounts conducted by a firm of certified public accountants. The independent annual audit includes Measure A financial activities which complies with the Measure A ballot language and the Advisory Committee’s charter and by-laws.
In addition to the City’s annual independent audit, the Measure A Citizens’ Advisory Committee requested further audit services to review, in more detail, the Measure A financial activities. The Council Audit Committee and City Council supported the request and engaged an audit firm to conduct annual agreed upon procedures to accomplish this additional review.
On June 28, 2016 the City Council authorized an agreement for Measure A additional audit services with Eadie and Payne, LLP.
Present Situation
Eadie and Payne applied agreed upon procedures to the City of Stockton’s Measure A revenues and expenditures. The attached report determines revenues were collected in accordance with Measure A and expenditures were spent in accordance with Measure B for the year ended June 30, 2015.
Attachment A - Measure A Independent Accountants Report Year Ended June 30 2015