Topic:	Annual Auditor Presentation
Purpose	Information:	Guidance:	Decision:	X
Recommendation	Receive and approve the report on the District’s financial condition from the outside audit firm, McClintock Accountancy.
Last Action	The prior year audit presentation was held at the December 9, 2010 meeting of the Board of Directors
Discussion	The audit field work was completed the second week of November. The financial statements have been drafted and are currently being reviewed; however, the early date of the December board meeting (combined with the Thanksgiving holiday) will not allow a draft of the financial statements to be included in the board book. A copy of the latest draft will be made available to the Directors prior to the meeting for their review. The final bound financials will be distributed when completed. The auditor will present a review of the findings of the audit, a graphical summary of historical data and be available to answer any questions.
Fiscal Impact	None
Communication Strategy	The audited financial statements will be available on the District’s website when completed. A hard copy may be purchased by the public for $15.
Attachments	Report to the Board of Directors from McClintock Accountancy