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HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
7®
TO: DATE:
BOARD OF COMMISSIONERS September 27, 1988
FROM: cc:
Perfecto Villarreal , Executive Director
SUBJECT: ACCEPTANCE OF AUDIT REPORT FOR FISCAL YEAR ENDING MARCH 31, 1988
I. RECOMMENDED ACTION:
ACCEPT financial audit report for the period April , 1 1987 through March 31,
1988, performed by Harn and Rowe, Pleasant Hill , California, as recommended by the
Advisory Housing Commission.
II. FINANCIAL IMPACT:
Funding has been provided in the Housing Authority's Fiscal Year 1988/89
Consolidated Operating Budget for the $5,250 due the certified public accountancy
firm of Harn and Rowe for performing this financial audit.
III. REASONS FOR RECOMMENDATION/BACKGROUND:
On March 25, 1986 the Board of Commissioners awarded a bid to Harn and Rowe, as
the lowest responsible bidder, to perform annual financial audits for the Housing
Authority of the County of Contra Costa for the years 1986, 1987 and 1988.
Harn and Rowe has completed their audit of the financial records of the Housing
Authority of the County of Contra Costa. All financial records of the Housing
Authority are in order. One finding was made to reconcile the amount of security
deposits recorded on the tenant's lease with the amount recorded on the Housing
Authority's security deposit ledger. The Housing Authority agrees with the findings
and full implemention of the audit recommendation will be made prior to the end of
our current fiscal year.
At its Regular Meeting on Monday, September 19, 1988, the Advisory Housing
Commission voted to recommend acceptance of the audit report as completed by Harn and
Rowe.
IV. CONSEQUENCES OF NEGATIVE ACTION:
Should the Board of Commissioners elect to not accept the financial audit
report as performed by the certified public accountancy firm of Harn and Rowe, it
would become necessary to expend additional funds to either redo the financial audit
report or contract with another certified public accountancy firm.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATI N OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURES)
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF COMMISSIONERS
UNANIMOUS (ABSENT --- ) I HEREBY CERTIFY THAT THIS A TRUE AND
AYES: NOES: CORRECT COPY OF AN ACTION TAKEN AND
ABSENT: ABSTAIN: ENTERED ON THE MINUTES OF THE BOARD
OF COMMISSIONERS ON THE DATE SHOWN.
cc: County Counsel ATTESTED
SEP 2 71988
County Administrator Phil Batchelor, Clerk of the
Housing Authority Board of Commissioners
DEPUTY
M392/7-88 BY ,