The City of Brookings Budget Committee will review the City’s annual audit report for the fiscal year ending June 30, 2012, at 5:30pm on January 3, 2013, in City Hall Council Chambers.
The audit, known as an annual financial report, was received from the City’s independent auditor, this week. The report was prepared by Boldt, Carlisle and Smith (BCS), Certified Public Accounts, based in Salem.
“It’s a clean audit report,” said Finance and Human resources Director Janell Howard. “The report does not contain any qualifications or negative findings.”
The audit included on-site visits by representatives of BCS during which they examined the City’s accounting policies and procedures, and questioned City staff.
According to the BCS letter to the City Council, “No new accounting policies were adopted and the application of existing policies was not changed during the year. We noted no transactions entered into by the government unit during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.”