Town of Atherton
Measure A Special Revenue Fund
Report on Compliance with the
Agreement for Distribution of San Mateo County
Measure A Funds for Local Transportation Purposes
For the Year Ended June 30, 2023
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INDEPENDENT AUDITOR'S REPORT ON MANAGEMENT’S ASSERTION
Honorable Mayor and Members of City Council of the
Town of Atherton, California
We have examined management of the Town of Atherton’s assertion, included in accompanying Management’s Report on Compliance with the Agreement for Distribution of San Mateo County Measure A Funds for Local Transportation Purposes (the Agreement) between the Town of Atherton (the Town) and the San Mateo County Transportation Authority dated January 21, 2009, that the Town of Atherton complied with the requirements of the Agreement during the year ended June 30, 2023. Management is responsible for that assertion. Our responsibility is to express an opinion on management’s assertion about the Town’s compliance based upon our examination.
Our examination was conducted in accordance with the attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management’s assertion that the City complied with the requirements of the Agreement is fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about management’s assertion. The nature, timing and extent of procedures selected depend on our judgment, including an assessment of the risks of material misstatement of management’s assertion, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.
We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement.
In our opinion, management’s assertion that the Town complied with the requirements of the Agreement for the year ended June 30, 2023 is fairly stated, in all material respects.
This report is intended solely for the information and use of management and the City Council and mayor and is not intended to be and should not be used by anyone other than those specified parties; however, this restriction is not intended to limit the distribution of this report, which is a matter of public record.
Pleasant Hill, California
November 6, 2023
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TOWN OF ATHERTON
SCHEDULES OF MEASURE A FUND
AS OF AND FOR THE YEAR ENDED JUNE 30, 2023
BALANCE SHEET
Assets:
Cash and investments 1,257,175 $
Receivables:
Taxes 39,130
Total Assets 1,296,305 $
Liabilities:
Accounts payable 6,898 $
Total Liabilities 6,898
Fund Balance:
Restricted 1,289,407
Total Fund Balance 1,289,407
Total Liabilities and Fund Balance 1,296,305 $
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Revenues:
Measure A sales tax 524,932 $
Use of money & property 15,267
Total Revenues 540,199
Expenditures:
C/CAG congestion relief fee 16,580
Capital outlay 113,764
Total Expenditures 130,344
Net Change in Fund Balance 409,855
Fund Balance - beginning 879,552
Fund Balance - ending $ 1,289,407
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