Title
Resolution to Approve the Ann Arbor Housing Commission Audit for the Fiscal Year Ending June 30, 2019 (FY19)
Memorandum
The Ann Arbor Housing Commission is required to conduct a single audit annually by a qualified certified public accounting firm. The audit includes a management discussion and analysis.
The AAHC uses fund financial statements on an accrual basis of accounting. Many of the funds are required by HUD such as the Central Office, East AMP and West AMP for the public housing programs. Others are segregated to enhance accountability and control such as the Central Office Development fund in order to track revenues and expenditures related to RAD redevelopment of the public housing properties.
The auditors did not identify any deficiencies or material weakness in internal controls. The auditors did not identify any incidents of non-compliance with General Auditing Standards.
...Staff
Prepared and Approved by: Jennifer Hall, Executive Director
Body
WHEREAS, the Commission contracted with Smith and Klaczkiewicz, PC Certified Public Accounting firm (“outside auditor”) to conduct the Commission’s financial audit for year-end June 30, 2019 (FY2019); and
WHEREAS, the outside auditor has presented the Commission with its final financial audit for FY19; and
WHEREAS, Commission staff have reviewed and agree with such final financial audit; and
RESOLVED, that the Ann Arbor Housing Commission Board approves the audited financial statements for year ending June 30, 2019 (FY2019) attached hereto.