COUNCIL COMMUNICATION
TO: Honorable Mayor and Council
FROM: Jill Olsen, Administrative Services Director
SUBJECT:Title
Presentation from CliftonLarsonAllen LLP on the Fiscal Year 2023 Audit Results and Any Findings (Trinna Ware)
Body
FUNDING SOURCE:
N/A
PURPOSE:
In accordance with Arizona Revised Statutes § 9-481, the audit firm of CliftonLarsonAllen LLP will present to the City Council the Fiscal Year 2023 audit results and any findings at a regular Council meeting.
BACKGROUND:
A financial statement audit examines the City's financial statements and internal control procedures and grants compliance by an independent auditor. The auditor reviews and tests the City's financial records for the statements' accuracy concerning the City's financial condition. The auditor is responsible for expressing an opinion with reasonable assurance that the financial statements, as a whole, are free from material misstatement, whether due to fraud or error, and that they are fairly presented in accordance with generally accepted accounting principles (GAAP).
COMMUNITY IMPACT:
Assure the community of proper recording of public funds.
FISCAL IMPACT:
N/A
ATTACHMENTS:
Fiscal Year 2023 Lake Havasu Audited Financial Report - available on the City’s website:
www.lhcaz.gov <http://www.lhcaz.gov>
Auditor’s Governance Communication
Independent Accountant’s Report - Highway User Revenue (HURF)
Independent Accountant’s Report - Annual Expenditure Limitation Report (AELR)
Single Audit Report
SUGGESTED MOTION:Recommended.action
I move to accept Lake Havasu City’s audited annual financial report and audit results for the fiscal year ending June 30, 2023.