Title
Finance Committee Meeting Highlights of January 20, 2012
Body
CITY OF SAN LEANDRO
CITY COUNCIL FINANCE COMMITTEE
January 20, 2012
8:15am - 9:45am
San Leandro City Hall
835 East 14th Street
San Leandro, California
(Sister Cities Gallery)
HIGHLIGHTS
Committee Members: Mayor Cassidy (via telephone), Vice Mayor Gregory, Councilmember Souza
City Staff Present: Interim City Manager Marshall, Interim Finance Director O’Leary, Community Development Director Luke Sims, Deputy Finance Director Rodriguez, Budget & Compliance Manager Perini, Community Relations Representative Ornelas, Administrative Assistant III Perez
Public Present: Mark Wong
The meeting was called to order at 8:15 a.m.
1. Presentation by City’s Independent Auditor on the Comprehensive Annual Financial Report (CAFR) for the Year Ended June 30, 2011
Finance Director James O’Leary introduced Mark Wong of the firm Maze & Associates, independent auditors that performed the audit for the Comprehensive Annual Finance Report (CAFR) for the Fiscal Year Ended June 30, 2011. Mr. Wong presented to the Finance Committee a brief summary and informed the Committee that the City of San Leandro has again received a clean unqualified opinion letter. Mr. Wong gave credit to the Finance Department’s staff, Carla Rodriguez and Christine Galvin, as the financial statements are prepared by the department.
The Committee thanked Mr. Wong for his time.
2. Discussion Regarding 2011-12 Mid-Year Financial Report as of December 31, 2011 for the General Fund, Redevelopment Funds, Enterprise Funds, and Internal Service Funds
Mr. O’Leary presented the Mid-Year Financial Report as of December 31, 2011for the General, Special Revenue, Enterprise, and Internal Service Funds. At the previous request of the Committee, the format of the report has been amended to include additional information. There are two columns that have been added: an “Adjusted Budget” column was added to the period ending December 31, 2011...
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