ADMINISTRATIVE REPORT
MEETING DATE: February 12, 2025 AGENDA CATEGORY: Consent - Miscellaneous TO: Honorable Mayor and City Council
FROM: Randy McKeegan, Finance Director
DATE: January 31, 2025
SUBJECT: Acceptance of the Audit Reports for the 2022-23 Fiscal Year
1. Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2023.
2. Agreed Upon Conditions Report for the fiscal year ended June 30, 2023.
3. Auditor Communication with Those Charged with Governance (SAS 114 Letter) for fiscal year ended June 30, 2023.
4. Independent Auditors Report – Compliance with Contractual Requirements relative to the Bakersfield Subregional Wastewater Management Plan for the year ended June 30, 2023.
5. Independent Auditors Report on Appropriations Limit Worksheet (GANN Limit) of the City of Bakersfield for the fiscal year ended June 30, 2023.
6. Independent Auditors Report – Mechanics Bank Arena, Theater, Convention Center, Dignity Health Amphitheatre & Valley Children’s Ice Center for the fiscal year ended June 30, 2023.
7. Agreed Upon Procedures Report (Public Safety and Vital Services) for the fiscal year ended June 30, 2023.
8. Single Audit Report for the fiscal year ended June 30, 2023
RECOMMENDATION:
Finance, Economic Development and Jobs Committee recommends acceptance of the fiscal year 2023 audit reports
BACKGROUND:
The above referenced audit reports were provided to the City Council at their January 22nd meeting.
The Council referred the reports to the Finance, Economic Development and Jobs Committee for review and discussion.
The Finance, Economic Development and Jobs Committee met on January 27, 2025 and reviewed the audit reports with City staff and the independent outside audit firm of Brown Armstrong. As a result of that meeting the Finance, Economic Development and Jobs Committee recommended the various reports be accepted by the City Council.
FISCAL IMPACT:
The act of accepting these reports will have not Fiscal Impact to the City General Fund.
COUNCIL GOAL:
Innovative and Efficient City Government
ATTACHMENTS:
1. ACFR 2023 – Financial statements Final
2. AUC Report Final
3. SAS 114 Letter Final
4. Wastewater AUP Report Final
5. GANN Report 2023 Final
6. Mechanics Bank Arena Financials 6 30 23 – Final
7. AUP Report Final
8. Final 2023 Single Audit Report