TITLE
Recommendation to receive and file the letter dated January 31, 2008, and the audit report dated January 2008, regarding Proposition H funds for fiscal year 2007.
DISCUSSION
Under Long Beach Municipal Code Section 3.80.227, the City Auditor is required to prepare an annual financial audit of Proposition H funds by January 31 s1. The attached letter and audit report cover the amount of special tax revenue collected and expended in fiscal year (FY) 2007, the status of projects and programs funded by such revenue, and the amount of unspent monies that has been carried over into FY 2008.
The City Auditor's Office reiterates its appreciation for the cooperation of the Police Department, the Fire Department, and the Department of Financial Management with this report. We welcome any questions that you may have regarding these critical funds.
TIMING CONSIDERATIONS
This item is not time sensitive.
FISCAL IMPACT
There is no fiscal impact for the recommended action. The cost of the Proposition H audit has been absorbed by the City Auditor's Office.
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
Laura L. Doud
City Auditor