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<br /> <br />Review Draft 6/18/2013 5:11:57 PM <br /> <br /> <br /> <br /> <br />REQUIRED COMMUNICATIONS <br /> <br /> <br /> <br /> <br />December 28, 2012 <br /> <br />To the City Council of <br /> the City of San Leandro <br />San Leandro, California <br /> <br />We have audited the financial statements of the City of San Leandro (City) as of and for the year <br />ended June 30, 2012, and have issued our report thereon dated December 28, 2012. Professional <br />standards require that we advise you of the following matters relating to our audit. <br /> <br />Financial Statement Audit Assurance: Our responsibility, as prescribed by professional <br />standards, is to plan and perform our audit to obtain reasonable assurance about whether the <br />financial statements are free of material misstatement. An audit in accordance with generally <br />accepted auditing standards does not provide absolute assurance about, or guarantee the accuracy <br />of, the financial statements. Because of the concept of reasonable assurance and because we did <br />not perform a detailed examination of all transactions, there is an inherent risk that material <br />errors, fraud, or illegal acts may exist and not be detected by us. <br /> <br />Other Information Included with the Audited Financial Statements: Pursuant to professional <br />standards, our responsibility as auditors for other information in documents containing the City’s <br />audited financial statements does not extend beyond the financial information identified in the <br />audit report, and we are not required to perform any procedures to corroborate such other <br />information. Our responsibility also includes communicating to you any information that we <br />believe is a material misstatement of fact. Nothing came to our attention that caused us to believe <br />that such information, or its manner of presentation, is materially inconsistent with the <br />information, or manner of its presentation, appearing in the financial statements. This other <br />information and the extent of our procedures is explained in our audit report. <br /> <br />Accounting Policies: Management has the responsibility to select and use appropriate <br />accounting policies. A summary of the significant accounting policies adopted by the City is <br />included in Note 1 to the financial statements. There have been no initial selections of accounting <br />policies and no changes in significant accounting policies or their application during 2012. The <br />following pronouncement became effective but did not have a material effect on the financial <br />statements: <br />