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Washington State Auditor (360) 902-0370
Legislative Building Brian Sonntag FAX (360Y753-0646
PO Box 40021 TDD Relay 1-800-833-6388
Olympia, Washington 98504-0021 http://www.sao.wa.goY
INDEPENDENT AUDITOR'S REPORT
June 10,2004
The Honorable Mayor and City Council
City of Auburn
25 West Main
Auburn, Washington 98001
We have audited the accompanying financial statements of the governmental activities, the business-type activities, each
major fund, and the aggregate remaining fund information of the City of Auburn, King County, Washington, as of and for the
year ended December 31, 2003, as listed in the table of contents. These financial statements are the responsibility of the
City's management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our financial audit in accordance with auditing standards generally accepted in the United States of America.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the
governmental activities, the business-type, each major fund, and the aggregate remaining fund information of the City of
Auburn, King County, Washington, as of December 31,2003, and the respective changes in financial position and cash flows,
where applicable, thereof, for the year then ended in conformity with accounting principles generally accepted in the United
States of America.
As described in Note 1 to the financial statements, during the year ended December 31, 2003, the City has implemented
Governmental Accounting Standard's Board Statement 34, Basic Financial Statements - and Management's Discussion and
Analysis for State and Local Governments, Statement 37, Basic Financial Statements - and Management's Discussion and
Analysis for State and Local Governments, Omnibus; and Statement 38, Certain Financial Statement Note Disclosures.
The Management's Discussion and Analysis on pages 19 through 35 is not a required part of the basic financial statements
but is supplementary information required by the Governmental Accounting Standards Board. We have applied certain limited
procedures, which consisted principally of inquires of management regarding the methods of measurement and presentation
of the required supplementary information. However, we did not audit the information and express no opinion on it.
Our audit was performed for the purpose of forming opinions on the financial statements that collectively comprise the City of
Auburn's basic financial statements. The accompanying financial information listed as combining financial statements and
supplemental information on pages 89 through 130 is presented for purposes of additional analysis and is not a required part
of the basic financial statements. The combining financial statements and supplemental information has been subjected to
auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated, in all material
respects, in relation to the basic financial statements taken as a whole.
The information identified in the table of contents as the Introductory and Statistical Sections is presented for purposes qf
additional analysis and is not a required part of the basic financial statements of the City. Such information has not been
subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no
opinion on them.
Sincerely,
-& ~
BRIAN SONNTAG, CGFM
STATE AUDITOR
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