LSL'
INDEPENDENT ACCOUNTANTS' REPORT ON AGREED-UPON
PROCEDURES APPLIED TO APPROPRIATIONS LIMIT WORKSHEETS
To the Honorable Mayor and Members of the City Council
City of Rialto, California
We have performed the procedures enumerated below on the accompanying Appropriations Limit Worksheet No. 6 (or other alternative computation) of the City of Rialto, California, for the year ended June 30, 2023. These procedures are the responsibility of the City, which were agreed to by the City of Rialto and the League of California Cities (as presented in the publication entitled Agreed-Upon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution) and were performed solely to assist the City of Rialto in meeting the requirements of Section 1.5 of Article XIII-B of the California Constitution.
The City of Rialto's management is responsible for the Appropriations Limit Worksheet No. 6 (or other alternative computation).
The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of recomputing the Appropriations Limit Worksheet No. 6 (or other alternative computation). This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.
The procedures performed and our findings, if applicable, were as follows:
1. We obtained the completed Worksheets No. 1 through No. 7 (or other alternative computations) and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheets to those that were selected by a recorded vote of the City Council.
Finding: No exceptions were noted as a result of our procedures.
2. For the accompanying Appropriations Limit Worksheet No. 6, we multiplied line A, last year's limit, by line D, ratio of change and compared the resulting amount to line E, this year's limit.
Finding: No exceptions were noted as a result of our procedures.
3. We compared the current year information presented in the accompanying Appropriations Limit Worksheet No. 6 to the other worksheets described in No. 1 above.
Finding: No exceptions were noted as a result of our procedures.
4. We compared the prior year appropriations limit presented in the accompanying Appropriations Limit Worksheet No. 6 to the prior year appropriations limit adopted by the City Council for the prior year.
Finding: No exceptions were noted as a result of our procedures.
The Association of Advisor
PrimeGlobal
www.Islcpas.com
203 N. Brea Blvd, Suite 203 24422 Avenida de la Carlota, Suite 275 1611 E. Fourth Street Suite 200 2151 River Plaza Dr., Suite 150 | 21 Waterway Avenue, Suite 30089 Brea, CA 92821 Laguna Hills, CA 92653 Santa Ana, CA 92701 Sacramento, CA 95833 The Woodlands, TX 77380 (714) 672-0022 (949) 829-8299 (714) 569-1000 (916) 503-9691 (936) 828-4587 LSL:
To the Honorable Mayor and Members of the City Council
City of Rialto, California
We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA. We were not engaged to and did not conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the accompanying Appropriations Limit Worksheet No. 6 (or other alternative computation). Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.
We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
This report is intended solely for the information of the City Council and management of the City of Rialto and is not intended to be, and should not be, used by anyone other than these specified parties.
Brea, California
August 8, 2024
CITY OF RIALTO
2022-2023
APPROPRIATIONS LIMIT CALCULATION
A. 2021-2022 APPROPRIATIONS LIMIT: $ 90,435,261
B. 2022-2023 CHANGE IN PER CAPITA PERSONAL
INCOME: 1.0755%
C. 2022-2023 CHANGE IN POPULATION: 1.0014%
D. RATIO OF CHANGE (1.0755 × 1.0014) x 1.07700570
E. 2021-2022 APPROPRIATIONS LIMIT: $ 97,399,292
($90,435,261x 107700570)