FY2016 – Comprehensive Annual Financial Report

Page 9

HANDLE REGIONAL PLANINING COMMISSION

March 8,2017

Honorable Chairman and Members of the Board of Directors Panhandle Regional Planning Commíssion P.O. Box 9257 Amarillo, Texas 79105-9257 Dear Ladies and Gentlemen

The Comprehensive Annual Financial Report (CAFR) of the Panhandle Regional Planning Commission (the "Commission" or 'PRPC") for the físcal year ended September 30, 2016, is submitted herewith. All disclosures necessary to enable the reader to gain an understanding of the Commission's fínancial activities have been included. Responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with the PRPC. To the best of our knowledge and belÍef, the enclosed data are accurate in all material respects and are reported in a manner designed to present fairly the financial position and results of operations.

The CAFR is presented in four sections An introductory section which includes this letter of transmittal, the Commission's organízational chaft, and a list of the governing board and executive staff. a

A financial section that consists of management's discussion and analysis, the independent auditor's report, the basic financial statements, the combining and individual fund statements, as well as other supplementary information.

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statistical section that includes selected historícal financial data and

demographic ínformation for the Texas Panhandle region, generally presented on a multi-year basis. a

A single audit section that includes information about federal and state award programs as required by the Single Audit Act of 1996, the Uniform Guidance, and the Uniform Grant Management Standards.

Profile of the PRPC

The Panhandle Regíonal Planning Commission was organízed in September

1969, under the Regíonal Planning Act of 1965 (Chapter 391, Local Government Code) as a voluntary association of governments for the 26-county Panhandle region as delíneated by the Governor. Under the Act, the Commission is designated as political

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415 !?estEighthAvenue P.O. Box 9257

Amarillo, Têxas 79105 (806) 372-338t (806) 373-3268 (fax) www. theprpc.org

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