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TO: REDEVELOPMENT AGENCY
FROM: PHIL BATCHELOR, EXECUTIVE DIRECTOR
DATE: SEPTEMBER 15, 1986
SUBJECT: INDEPENDENT FINANCIAL AUDIT OF AGENCY
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDED ACTION:
Authorize the Executive Director or his designee to execute an agreement between the
Redevelopment Agency and Peat, Marwick, Mitchell, & Co. to perform an independent
financial audit of Agency finances and appropriate $7,400 for said purpose.
FINANCIAL IMPACT:
Cost to the Agency not to exceed $7,400.
BACKGROUND/REASONS FOR RECOMMENDATION:
California Community Redevelopment law requires that each year the Agency have prepared
an independent financial audit report for the previous fiscal year. Since the firm of
Peat, Marwick, Mitchell & Co. is performing a similar audit for the County, staff
proposes that they also be retained to perform the Agency audit. The firm has agreed to
perform the required work for $7,400 including expenses.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF AGENCY COMM
APPROVE OTHER:
SIGNATURE(S):
ACTION OF AGENCY ON &0 APPROVED AS RECOMMENDED OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS ISA TRUE
UNANIMOUS (ABSENT �— ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE
ABSENT: ABSTAIN: REDEVELOPMENT AGENCY ON THE DATE SHOWN.
ATTESTED PJ,O 4,24 do, A05p C�
PHIL BATCHELOR,
AGENCY SECRETARY
BY DEPUTY
Orig. Dept. :
cc: Auditor-Controller
ra4:audit.bo