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kbUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS DATE: January 8, 1991
FROM: Perfecto Villarreal , Executive Director cc.
SUBJECT: AGENCY-WI'DE BUDGET FOR THE
FISCAL YEAR ENDING MARCH 31, 1991
I. RECOMMENDED ACTION:
ACCEPT Agency-Wide Budget for the fiscal year ending March 31, 1991,, as
recommended by the Advisory Housing Commission.
II. FINANCIAL IMPACT:
None.
III. REASONS FOR RECOMMENDATION/BACKGROUND:
California State law requires that all agencies being audited in accordance
with generally accepted accounting principles generate an agency-wide budget. The
Housing Authority of the County of Contra Costa is audited in accordance with
generally accepted accounting principles, as well as, Government Auditing Standards
issued by. the Comptroller General of the United States. As a result, our Certified
Public Accountant firm, Harn and Rowe, has recommended that the Housing Authority
generate an agency-wide budget in compliance with California State law.
On December 17, 1990 the Budget Committee of the Advisory Housing Commission
met to review the proposed Agency-Wide Budget .and recommended approval by the
Advisory Housing Commission. At its Regular Meeting on December 17, 1990, the
Advisory Housing Commission voted to recommend acceptance of the proposed Agency-Wide
Budget for the fiscal year ending March 31, 1991.
IV. CONSEQUENCES OF NEGATIVE ACTION:
Should the Board of. Commissioners elect to not accept the Agency-Wide Budget
for the fiscal year ending March 31, 1991, the Housing Authority would receive an
audit finding on its 1990-91 annual audit.
CONTINUED ON ATTACHMENT: YES SIONATUftE:
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATI OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON �ni NAPPROVED AS RECOMMENDED _2!L OTHER
VOTE OF COMMISSIONERS
_X 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.
JAN 8 X91
CC: ATTESTED
Phil Batchelor, Clerk of the
Board of Commissioners
M8e3/7-e3 BY , DEPUTY