REPORT:

Audit for FY Ended June 30, 1996

SYNOPSIS:

This transmits the annual financial audit performed by an independent certified public accountant. The AQMD has received an unqualified opinion on its financial statements.

COMMITTEE:

Administrative, December 20, 1996, Recommended for Approval

RECOMMENDED ACTION:

Receive and file the AQMD’s audited Financial Statements, Schedule of Federal Financial Assistance and Single Audit Reports for the Fiscal Year ended June 30, 1996.

James M. Lents, Ph.D.
Executive Officer

Background

The audit of the AQMD’s financial statements, along with a Schedule of Federal Financial Assistance (FFA) and the Single Audit Act Reports for FY ended June 30, 1996 have been completed by Vargas and Company, Certified Public Accountants. The AQMD has received an unqualified opinion on its financial statements. An unqualified opinion is the highest obtainable, assuring interested parties that our financial statements present fairly the financial position of the AQMD.

Attachments (not available)

Financial Statements

Audit Opinion

Schedule of FFA

Auditors’ Report on the FFA

Report on Internal Controls

(Due to their bulk, these documents are provided to Board Members only. Individuals may view these materials in the AQMD Library.)