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~t Vavrinek, Trine, Dav & Co., llP Certified Public Accountants V^LU[ THE D'FfLRENCE INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF ~'INANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT A UDITING STANDARDS To the Board of Directors of the Redevelopment Agency of San Leandro San Leandro, California We have audited the basic financial statements of the governmental activities and each major fund of the Redevelopment Agency of San Leandro (Agency) a component unit of the City of San Leandro (City) as of and for the year ended June 30, 2006, which collectively comprise the Agency's basic financial statements, and have issued our report thereon dated November 30, 2006. We conducted our audit in accordance with auditing standards in the United States of America and the standard applicablt: to financial audits contained in Governmental Auditing Standards, issued by the Comptroller General of the United States. Intcl11al CQntrol Over Financial Reporting In planning and performing our audit, we considered the Agency's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the basic financial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over [mancial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. Compliance and Other Matters As part of obtaining reasonable assurance about whether the basic financial statements of the Agency are free of material misstatements, we performed tests of its compliance with certain provision of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of basic financial statement amounts. Such provisions included those provisions of laws identified in the Guidelines for Compliance Audits of California Redevelopment Agencies, issued by the Statc Controller and as interpreted in the Suggested Auditing Procedures for Accomplishing Compliance Audits of California Redevelopment Agencies, issued by the Governmental Accounting and Auditing Committee of the California Society of Certified Public Accountants. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance and other matters that are required to be reported under Government Auditing Standards. 35 5000 Hopyard Road, Suite 335 Pleasanlon. CA 94588-3351 Tel: 925.734.8800 Fax: 925.734.6611 www.vtdcpa.com FIlESNO . lAGUNA HILLS . PALO ALTO . PLEASANTON . IlANCHO CUCAMONOA