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Consent 6.
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| LAFCO |
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| Information |
| SUBJECT |
| Review and File Yolo LAFCo's Financial Statement for Fiscal Year 2012/13 Prepared by the Yolo County Auditor Controller's Office |
| RECOMMENDED ACTION |
| Review and File Yolo LAFCo's Financial Statement for Fiscal Year 2012/13 Prepared by the Yolo County Auditor Controller's Office. |
| FISCAL IMPACT |
| None. |
| REASONS FOR RECOMMENDED ACTION |
| Yolo LAFCo Administrative Policies and Procedures section 5.18 states "LAFCo shall have an annual audit performed every three years (i.e. the auditor reviews the prior three fiscal years at one time). For those interim years when a formal audit has not yet been performed, staff from the County Auditor-Controller’s Office shall prepare a financial statement following the close of the fiscal year for Commission review". Yolo LAFCo will contract for its next audit in fiscal year 2014/15. |
| BACKGROUND |
Staff from the Auditor-Controller's Office prepared the attached financial statement for Commission review. It includes the following reports for fiscal year 2012/13:
- Statement of Net Assets
- Statement of Activities
- Balance Sheet
- Changes in Fund Balance
- Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
There are no irregularities or issues to report. Staff is available to answer any questions about these reports if desired. |
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