CAFRs

Alameda City Pensions Explained

10 Year Fiscal Projections 2009-2019

City of Alameda

Auditor

The city of Alameda is a charter city and adopted council-manager government in 1916. The charter contains language listing four council members, mayor, auditor and treasurer as positions to be elected every four years. Other charter cities also have elected auditors including Berkeley and Oakland. However, both cities the Auditor is a  full time city employee earning over $150,000 annually.

Article 4 in the charter details the following:

The auditor shall have a degree in accounting or business administration or be licensed as a Certified Public Accountant.

The auditor should provide for at least annual audits of the City's financial operations, books and records to assure that the City's financial transactions, accounts and records are maintained in accordance with the requirements of the City Charter, State and Federal laws and generally accepted accounting principles.

Based on Article 2 in the charter there are no term limits for Auditor or Treasurer positions. As an elected official, the Auditor is entitled to receive compensation and benefits.

As the city government grew, the ability of single individual to conduct was no longer available. As a result, the city of Alameda hires an outside auditing firm through a RFP process to produce the annual audit. Here is the 2015 annual audit produced by Vavrinek, Trine, Day & Co., LLP

The major documents detailing the financial operations for Alameda are the Budget and the Comprehensive Annual Financial Report.  Here are  links to City website for the Budget and CAFR.

The biggest challenges facing public entities like cities and school districts is honoring  pension obligations, specifically the city of Alameda.

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Last modified: June, 2016

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