HomeMy WebLinkAbout2 - Auditor Report
Sunset Building Washington State Auditor (360) 902-0370
PO Box 40021 FAX (360) 753-0646
Olympia, Washington 98504-0021 Brian Sonntag TOO Relay 1-800-833-6388
http://www.sao.wa.gov
INDEPENDENT AUDITOR'S REPORT
May 17, 2005
Mayor and City Council
City of Auburn
Auburn, Washington
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, 2004, as
listed on pages i through ii. These financial statements are the responsibility of the City's
management. Our responsibility is to express opinions on these financial statements based on
our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America, issued by the Comptroller General of the United States. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatements. 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 respective financial position of the governmental activities, the business-type activities, each
major fund, and the aggregate remaining fund information of City of Auburn, as of December 31,
2004, 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 E, during the year ended December 31, 2004, the City has implemented
Governmental Accounting Standards Board Statement 40, Deposit and Investment Risk
Disclosures.
The management's discussion and analysis on pages 15 through 32 and budgetary comparison
information on pages 83 through 84 are not a required part of the basic financial statements but
are 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.
0 ~18
13
Our audit was performed for the purpose of forming opinions on the basic financial statements
that collectively comprise the City's basic financial statements. The accompanying information
listed as combining financial statements and supplemental information on pages 85 through 125
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, is 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
have not been subjected to the auditing procedures applied in the audit of the basic financial
statements and, accordingly, we express no opinion on it.
Sincerely,
BRIAN SONNTAG, CGFM
STATE AUDITOR
14