This legislation involves a hearing to review the external auditors' financial reports and audit plans for the City for the fiscal year ending June 30, 2020. It requires the auditors, Macias Gini & O'Connell and KPMG LLP, to present their findings and plans as mandated by the City Charter.
Hearing to receive and review external auditors' Comprehensive Annual Financial Report (CAFR), Single Audit, and Management Letters, if any, related to the City audit for Fiscal Year (FY) ended June 30, 2020, and external audit plans for FY2020-2021, as required under Charter, Section 9.117; and requesting the City's external auditors Macias Gini & O'Connell and KPMG LLP to report.
How it got here
The legislation originated from the requirement to review the City's Comprehensive Annual Financial Report (CAFR) and related audits as mandated by the City Charter.
Supervisor Preston introduced a hearing request to review the external auditors' CAFR and related audits for FY ended June 30, 2020, as required under Charter, Section 9.117.
The Board of Supervisors received and assigned the hearing request to the Government Audit and Oversight Committee.
The Clerk of the Board referred the hearing request to the appropriate department for further action.
The Government Audit and Oversight Committee heard the item and filed it, passing the review of the CAFR and related audits.
Reconstructed from attached documents & the official record
