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1994 Audit Letter1. McGLADREY & PULLEN Certified Public Accountants and Consultants REPORT REQUIRED BY PROPOSMON 111 ON THE CITY'S APPROPRIATIONS LIMIT To the Honorable Mayor and Members of the City Council City of Rosemead, California We have applied the procedures enumerated below to the accompanying Appropriations Limit Calculation of the City of Rosemead, California for the year ended June 30, 1994. These procedures, which were agreed to by the League of California Cities and presented in their Article XIHB Appropriations Limitation Uniform Guidelines, were performed solely to assist you in meeting the requirements of Section 1.5 of Article XIIIB of the California Constitution. This report is intended for the information of management and the City Council. This restriction is not intended to limit the distribution of this report, which is a matter of public record. The procedures performed and our findings were as follows: 1. We obtained the completed computations and determined that the limit and annual adjustment factors were not adopted by a resolution of the City Council, along with the annual budget. 2. For the accompanying Appropriations Limit Calculation, we added line A, last year's limit, to line E, total adjustments, and agreed the resulting amount to line F, this year's limit. 3. We agreed the current year information presented in the accompanying Appropriations Limit Calculation to the supporting calculations described in kl above. 4. We agreed prior year Appropriations Limit presented in the accompanying Appropriations Limit Calculation to the prior year Appropriations Limit which was adopted by the City Council during the prior year. These agreed-upon procedures are substantially less in scope than an audit, the objective of which is the expression of an opinion on the Appropriations Limit Calculation. Accordingly, we do not express such an opinion. ~t i \ COPY Based on the application of the procedures referred to above, nothing came to our attention that caused us to believe that the accompanying Appropriations Limit Calculation was not computed in accordance with Article XIIIB of the California Constitution. Had we performed additional procedures or had we made an audit of the accompanying Appropriations Limit Calculation and the other completed supporting worksheets, matters might have come to our attention which would have been reported to you. San Bernardino, California October 27. 1994 CITY OF ROSEMEAD, CALIFORNIA APPROPRIATIONS LIMIT CALCULATION Year Ended June 30, 1994 A. Last Year's Limit B. Adjustment Factors 1. Population change 2. Inflation change Total Adjustment percent C. Annual Adjustment D. Other Adjustments: Lost responsibility Transfer to private Transfer to fees Assumed responsibility Subtotal E. Total Adjustments F. This Year's Limit Amount Source $ 17,200,156 0.96 % (State Finance) 2.72 % (State Finance) 3.71 % (B1*B2) 638,126 (B*A) 638,126 (C+D) $ 17,838,282 (A+E)