Consent Calendar Item 4d
STAFF REPORT
Consent Agenda Item
DATE: August 1, 2022
TO: Honorable Mayor and Council Members
FROM: Aaron Felmlee, Finance Director
THROUGH: Merritt Perry, City Manager
SUBJECT: Finance Department Monthly Report
STAFF RECOMMENDATION:
Receive report as an informational item.
EXECUTIVE SUMMARY:
Community Development Block Grant (CDBG) / HOME Investment Partnerships Program:
Staff have been working with the County to ensure our fiscal year end 2022 Annual Monitoring Reports for the Fortuna Family Apartments are completed and submitted to the State. This project was originally funded by a grant the City received through the HOME Investment Partnerships Program that is run by the California Department of Housing and Community Development (HCD). Each year the City is required to obtain a clearance letter from HCD which certifies the City is in compliance with all conditions placed upon the project at the time the grant funds were given to the City. Getting clearance from the State allows the City to stay in good standing with HCD and continue to be eligible for grant funds. We do not anticipate any issues with receiving clearance for fiscal year end 2022.
Fiscal Year 2021-22 Financial Statement Audit:
July 1 signaled the start of a new fiscal year for the City. As such, staff is working on closing the previous fiscal year and preparing for the City’s annual financial statement audit. The Cities auditor will be Michael O’Connor from R.J. Ricciardi, Inc., CPA who also performed last year’s audit for the City. Last year Michael and his staff were unable to come onsite due to COVID which made the interim audit work more difficult and time consuming to complete. However, this year Michael and his staff are planning to come on site for a week to conduct interim audit work during either the month of August or September.
Finance staff will be preparing for this interim audit work by preparing the necessary reconciliations, reports, adjustments and backup information that is required during the audit process. Having these documents ready prior to the auditors’ arrival has provided for a smooth audit process in years past.
Consent Calendar Item 4d
Measure E Update:
The Measure E committee’s next regularly scheduled meeting is set for September 20, 2022 at 5:30pm. The primary purpose of this meeting will be for Staff to review with the Committee the list of Measure E funded projects that were included in the Council Adopted Budget for fiscal year 2022-23.
List of Measure E items funded this month:
(2) Police Detective Positions
Community Services Officer Position
Parks and Recreation Director Position
Recreation Program Supervisor Position
Transit Trips to Eureka for Seniors
PT Code Compliance Officer Position
Illegal Camp Coordination and Assistance
K-9 Program
Parkland Acquisition and Improvements – Playground Improvement 12th Street Stormwater Enhancement Project
An activity log displaying important Finance data is attached for informational purposes.
RECOMMENDED COUNCIL ACTION:
Receive Finance Department Monthly Report. Consent Agenda vote.
ATTACHMENTS:
Finance Staff Activity Log for June 2022
New Business List for Quarter 2 2022