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2024-01-16 CC Agenda Packet - ITEM D16 - 2023 Audit Results
We'll get you there. CPAs I CONSULTANTS I WEALTH ADVISORS Communication with Those Charged with Governance City of El Segundo 2023 Audit Results ©2024 CliftonLarsonAllen LLP CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global See ClAglobal.com/disclaimer Investment advisory services are offered through Clifton La rsonAllen Wealth Advisors, LLC, an SEC -registered investment advisor Scope of Work Audits for the year ended June 30, 2023 City of El Segundo Single Audit Agreed Upon Procedures on GANN Appropriations Limit Compilation of the State Controller's Report CAP, ©20240iftonLarsonAllen LLP 2 Auditors' Report Opinions Basis for Opinions Change in Accounting Principle Responsibilities of Management for the Financial Statements Auditors' Responsibilities for the Audit of the Financial Statements Required Supplementary Information Supplementary Information Other Information Other Reporting Required by Government Auditing Standards CAIV, ©2024Clifton LarsonAllen LLP =! �LY(�) 3 Communication with Those Charged with Governance The planned scope and timing of the June 30, 2023, audit was communicated through our engagement letter. Management is responsible for the selection and use of appropriate accounting policies, which are described in note 1 to the financial statements Significant estimates and the most sensitive disclosures reported in the financial statements include the following: CalPERS defined benefit pension plan and OPEB plan Claims payable CAVA ©20240iftonLarsonAllen LLP =dwb 4 Communication with Those Charged with Governance We encountered no significant difficulties during our audit. Corrected and Uncorrected Misstatements. No disagreements arose during the course of our audit. To our knowledge, the City did not consult with other accountants regarding auditing or accounting matters. ©2024 CliftonLarsonAllen LLP = ( L1Y(\ 1 5 Tiffany Fung, CPA Tiffany.Fung@claconnect.com CLAconnect.com ®Ln©0 CPAs I CONSULTANTS M WEALTH ADVISORS ©2024 CliftonLarsonAllen LLP.CLA(CliftonLarsonAllen LLP) is an independent network memberofCLAGIobaI.See CI AAgIobal-com/disclaimer Investment advisory services are offered through Clifton Lars onAllen Wealth Advisors, LLC, an SEC -registered investment advisor.