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.