Title
A. CONSIDERATION AND ACCEPTANCE OF AUDITED FINANCIAL STATEMENTS FOR FISCAL YEAR ENDED JUNE 30, 2013
B. RESOLUTION NO. 2014-001 OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA AMENDING THE SUCCESSOR AGENCY BUDGET FOR FISCAL YEAR 2012-13 BY $100,000 (4/5 VOTE REQUIRED)
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RECOMMENDED ACTION
Recommended Action
Council accept the report and Agency adopt the resolution.
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SUMMARY
Presented for City Council information and acceptance are the Audited Financial Statements for the fiscal year ended June 30, 2013, as prepared by the independent audit firm of Pun & McGeady, LLC. The audit report submitted for the City has received an unqualified (clean) opinion from the independent accounting firm.
A budget amendment to the Successor Agency's fiscal year 2012-13 budget is requested in the amount of $100,000. The payment was approved by the California Department of Finance for the Recognized Obligation Payment Schedule 1314A (July through December 2013) and is part of the Successor Agency budget for the current fiscal year.
ENVIRONMENTAL REVIEW
The Environmental Review Coordinator has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the requested actions are not a "Project" as defined under Section 15378 of the State CEQA Guidelines because it will not result in a physical change to the environment; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the actions proposed are not subject to CEQA
BOARD/COMMISSION RECOMMENDATION
Not Applicable.
DISCUSSION
Pursuant to the City Charter Section 1017, an annual audit is performed of the City's financial records by an independent accounting firm. The firm of Pun & McGeady, LLC (formerly Caporicci & Larson, LLC) has examined the general purpose financial statements of the City of Chula Vista and has issued their opinion that those statements "present fairly, in a...
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