ATTACHMENT A
Due to the size of the Comprehensive Annual Financial Report, please view on the City of Oakland website using the following link:
https://cao-94612.s3.amazonaws.com/documents/City-of-Oakland-FY22-ACFR.pdf
ATTACHMENT B
Auditor’s Required Communication to City Council
Table of Contents
Page
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Government Auditing
Standards
Reasonably possible
Probable
Significant Accounting Policies
Leases,
During the year, the City also adopted GASB Statement No. 89, Accounting for Interest Cost Incurred before the End of a Construction Period; Statement No. 92, Omnibus 2020; Statement No. 93, Replacement of Interbank Offered Rates; Statement No. 97; Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans – an amendment of GASB Statements No. 14 and No. 84, and a supersession of GASB Statement No 32 Omnibus 2022
Significant Accounting Estimates
Fair value of investments
Estimated unbilled sewer service revenue
Estimated allowance for losses on accounts receivable
Depreciation estimates for capital assets, including deprecation methods and useful lives assigned to depreciable properties
Accrual of compensated absences.
Estimated claims liabilities
Estimated environmental costs
Net pension liability, net other postemployment bene fits (OPEB) liability, and deferred outflows and inflows of resources related to pension and OPEB
Accounting and Financial Reporting for Pensions
Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions
Discount rate used for the calculation of lease liability and lease receivable Financial Statement Disclosures
Required Supplementary Information
Supplementary Information
Other Information
Leases
Criteria:
Condition:
Cause and Effect or Potential Effect:
Recommendation:
Management’s Response:
Recommendation:
Status of Corrective Action:
Recommendation:
Status of Corrective Action:
Recommendation:
Status of Corrective Action:
Recommendation:
Status of Corrective Action: