6. RECEIVE INDEPENDENT AUDITORS’ REPORT
FOR FISCAL YEAR 2002-2003
Meeting
Date: December 15, 2003 Budgeted: N/A
Program/Line Item No.: N/A
Staff
Contact: Rick Dickhaut
Cost
Estimate: N/A
General
Counsel Approval: N/A
Committee
Recommendation: The Administrative Committee reviewed this item on December 9,
2003 and recommended approval.
CEQA
Compliance: N/A
SUMMARY:
A draft of the auditors’ report for the fiscal year ending June 30, 2003
has been distributed under separate cover to the Board and is available for
public review at the District office.
The Administrative Committee reviewed the draft report on December 9,
2003 with the District's auditors, Hayashi and Wayland. The auditors issued a
“clean opinion” on the financial statements.
Following approval, copies of the final report will be provided to
Monterey County, affiliated financial institutions, and will be available to
the public.
RECOMMENDATION: District
staff recommends that the Board review and approve the auditors report for the
year ending June 30, 2003. The
Administrative Committee considered that matter on December 9, 2003 and voted 2 to
0 to recommend Board approval.
The report will be received and approved if this item is adopted with
the Consent Calendar.
U:\staff\word\boardpacket\2003\2003boardpacket\20031215\ConsentCalendar\6\item6.doc