City Council Agenda
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Memo to: |
Manteca City Council |
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From: |
Shay Narayan, Director of Finance |
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Prepared by: |
Melissa Munoz, Accounting Manager |
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Date: |
April 15, 2025 |
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Subject: |
Fiscal Year 2020-21 Transportation Development Act and Measure K Funds Non-Transit Purposes and Transit Audit Report |
Recommendation:
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Receive and file the Fiscal Year 2020-21 audit report: Transportation Development Act and Measure K Funds Non-Transit Purposes and Transit Audit
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Background:
The annual audit was conducted to assure the San Joaquin Council of Governments and other interested parties that the Transportation Development Act Fund and Measure K funds and the Transit Fund financial reports are prepared in accordance with generally accepted accounting principle (GAAP) against loss from unauthorized use or disposition of assets and that the City has complied with all agreements.
The agreed upon procedures for the above reports were agreed upon by San Joaquin Council of Governments (SJCOG) and Lance, Soll & Lunghard, LLP (LSL), and performed solely to assist in meeting the requirements of Section 1.5 of Article XIII-B of the California Constitution. The agreed upon procedures engagements were conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA). City’s management is responsible for preparing of each of the reports.
The reports will be provided to SJCOG for their review and evaluation.
Fiscal Impact:
Receive and file. No fiscal impact.
Documents Attached:
Attachment 1 - SJCOG Manteca TDA FS
Attachment 2 - SJCOG Manteca TDA Auditor Communication Letter