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Conejo Recreation & Park District GENERAL MANAGER Jim Friedl DATE: March 3, 2016 TO: Board of Directors FROM: Jim Friedl, General Manag SUBJECT: Annual Audit Report RECOMMENDATION BOARD OF DIRECTORS Chuck Huffer, Chair George M. Lange, Vice Chair Susan L. Bolt, Director Joe Gibson, Director Ed Jones, Director GENERAL MANAGER EMERITUS Tex Ward Accept the audit for the fiscal year (FY) ending June 30, 2015, as prepared by the accounting firm of Moss, Levy and Hartzheim, CPAs. DISCUSSION Attached is the audit for FY 14-15, which consists of financial statements (Attachment 1), and Management Report and Auditor's Communication Letters (Attachment 2). The financial statements represent management's assertions concerning the government's financial position, results of operations and cash flows. The auditor's role is strictly limited to providing users of the financial statements with an independent basis for relying on management's assertions. Consistent with prior years, the auditors have issued an unqualified or "clean" opinion, which means they can state, without reservation, that the financial statements are fairly presented in conformity with generally accepted accounting principles. The Management Report and Auditor's Communication Letters discuss the audit process, report on internal controls, and provide current year recommendations and status of prior year recommendations. STRATEGIC PLAN COMPLIANCE Meets Strategic Plan Vision Statement: In order to continue to serve our community and be recognized as a top recreation and park district in the nation, we must be financially stable. Respectfully submitted, Sh l Lewanda, Administrator Management Services Attachments ADMINISTRATIVE OFFICES 403 West Hillcrest Drive • Thousand Oaks, CA 91360-4223 (805) 495-6471 - FAX: (805) 497-3199 - Email: parks@crpd.org • Website: www.crpd.org