BOARD MEETING DATE: January 9, 2004
AGENDA NO. 13

Audit for FY Ended June 30, 2003

SYNOPSIS:

This agenda item transmits the annual financial audit of the AQMD performed by an independent certified public accountant. The AQMD has received an unqualified opinion (the highest obtainable) on its financial statements.

COMMITTEE:

Administrative, December 12, 2003, Recommended for Approval

RECOMMENDED ACTION:

Receive and file the AQMD’s Comprehensive Annual Financial Report, Schedule of Federal Financial Assistance and Single Audit Reports for the FY ended June 30, 2003.

Barry R. Wallerstein, D.Env.
Executive Officer

Background

The audit of the AQMD financial statements, along with the Schedule of Federal Awards and Single Audit Reports for the Fiscal Year ended June 30, 2003, have been completed by Simpson & Simpson, 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.

Attachment

Independent Auditor’s Report
Comprehensive Annual Financial Report
Single Audit Reports (which include Schedule of Financial Awards and Reports on Compliance and Internal Control)

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

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