HomeMy WebLinkAbout02 - Review of Annual Financial Statements - CorrespondenceReceived After Agenda Printed
August 24, 2021
Mulvey, Jennifer Public Facilities Corporation
Subject: FW: City Council Public Facilities Agenda- Comment and Request for Information
From: Denys Oberman <dho@obermanassociates.com>
Sent: Friday, August 20, 2021 12:55:42 PM (UTC -08:00) Pacific Time (US & Canada)
To: Dept - City Council<CityCouncil@newportbeachca.gov>; Leung, Grace <gleung@newportbeachca.gov>
Cc: Brown, Leilani <LBrownC@newportbeachca.gov>; City Clerk's Office <CityClerk@newportbeachca.gov>
Subject: City Council Public Facilities Agenda- Comment and Request for Information
Mayor and City Council,
We understand that the City is proposing to review the City's fiscal status in the Public Facilities session of August 24,
2021.
In review of the Financial Statement provided to support the discussion, we note that the Comparative Balance Sheet
2020-2019 was Not Complete.
Most notably, while it included information concerning, Assets, substantially all of the Liabilities portions of the report
were left blank.
This is highly unusual, and certainly does not provide information adequate to understand the City's position, or to make
decisions.
We request that a complete Balance Sheet, including the comparative report for 2020-2019 periods, be distributed to
the City Council, and to the Public, in advance of Tuesday's ession.
Thank you,
Denys H. Oberman
Resident and Community Stakeholder
PLEASE ENTER THIS COMMENT, AND THE RESPONSIVE COMPLETE FINANCIAL STATEMENT, INTO THE PUBLIC RECORD.
Regards.
Denys H Oberman. CEO
pZg 0 B ER AN
OBERMAN Strategy and Financial Advisors
2600 Michelson Drive SUlte 1 700
Irvine, CA 92612
Tel (949) 476-0790
Cell (949) 230-5868
Fax (949) 752-8935
Email dho(cb_obermanassociates. corn