HomeMy WebLinkAbout2 - Auditor's Report
·
Legislative Building
PO Box 40021
Olympia, Washington 98504-0021
INDEPENDENT AUDITOR'S REPORT
Washington State Auditor
Brian Sonntag
(360) 902-0370
FAX (360) 753-0646
TOO Relay 1-800-833-6388
http://www.sao.wa.gov
June 4, 2003
The Honorable Mayor and City Council
City of Auburn
25 West Main
Auburn, Washington 98001
We have audited the accompanying general purpose financial statements of the City of Auburn, King County, Washington, as
of and for the year ended December 31, 2002, 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 governmental auditing standards generally accepted in the United States
of America, issued by the Comptroller General of 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.
Our audit was performed pursuant to the Revised Code of Washington 43.09.260, under which a full report on the results of
this audit will be issued. This report may include findings and recommendations on compliance matters, internal control
procedures, and questionable costs or contingencies that would not be material in relation to the general purpose financial
statements taken as a whole.
In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial
position of the City of Auburn, King County, Washington, as of December 31, 2002, and the 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 11, during the year ended December 31, 2002, the City has implemented Governmental Accounting
Standard's Board Statement 33, Accounting and Financial Reporting for Nonexchange Transactions.
In accordance with Government Auditing Standards in the United States of America, we will also issue our report on our
consideration of the City's internal control over financial reporting and our tests of its compliance with certain provisions of
laws, regulations, contracts and grants. That report is an integral part of an audit performed in accordance with Government
Auditing Standards and should be read in conjunction with this report in considering the results of our audit.
Our audit was conducted for the purpose of forming an opinion on the general purpose financial statements taken as a whole.
The combining, individual fund, and account group financial statements and schedules listed in the table of contents are
presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the
City of Auburn, King County, Washington. Such information has been subjected to auditing procedures applied in the audit of
the general purpose financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the general
purpose financial statements taken as a whole.
The other data included in this report, designated as the statistical section in the table of contents, has not been audited by us
and, accordingly, we express no opinion on such data.
Sincerely,
&q
BRIAN SONNTAG, CGFM
8T A TE AUDITOR
o
@~1'
Page 23