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The original item was published from 12/20/2019 2:49:00 PM to 1/21/2020 12:00:00 AM.

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Posted on: December 20, 2019

[ARCHIVED] City of Arroyo Grande Receives Unqualified Opinion for Fiscal Year 2017-18 Financial Audit Report

The City of Arroyo Grande received an unqualified (or “clean”) opinion on the City’s financial Audit Report for Fiscal Year ended June 30, 2018.

Moss, Levy & Hartzheim, LLP conducted the annual audit and were retained so the City could have an independent review of internal control and ensure that the resulting financial reports fairly represent the financial position of the City. Receiving an “Unqualified Opinion” is the highest mark that can be received and assures the reader that the information presented in the audit fairly represents the financial position of the City.  

Staff presented the Comprehensive Annual Financial Report (CAFR) to the City Council at their December 10th meeting. The CAFR is a more detailed financial report beyond just the basic financial statements. It provides general information of the City; overall financial information of the City which includes the report of the independent auditor, management’s discussion and analysis (a narrative of the City finances), the basic financial statements, required supplementary information and other supplementary schedules and statements; and a broad range of operational, economic, and historical data that provides a context for assessing the City’s economic condition. The City’s CAFR is in compliance with newly effective Government Accounting Standards Board (GASB) pronouncements, as detailed in the Notes to the Financial Statements.

City Manager, Jim Bergman, stated “Receiving an unqualified opinion on the City’s financial report  confirms that the City continues to be good stewards of financial resources.”

The audit of financial records for Fiscal Year ended June 30, 2019 is currently underway.

View the current and previous year Audit Reports.

View the staff report regarding the CAFR


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CONTACT INFORMATION:

Jim Bergman, City Manager            Nicole Valentine, Accounting Manager

805-473-5400                                805-473-5400

jbergman@arroyogrande.org          nvalentine@arroyogrande.org 

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