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File Number: <br />TO: <br />FROM: <br />BY: <br />13-633 <br />City Council <br />Chris Zapata <br />City Manager <br />David Baum <br />City of San Leandro <br />Meeting Date: February 3, 2014 <br />Finance Director <br />FINANCE REVIEW: David Baum <br />Finance Director <br />Staff Report <br />Agenda Section: ACTION ITEMS <br />Agenda Number: 10.A. <br />TITLE: Staff Report for Resolution Approving the Comprehensive Annual Financial <br />Report (CAFR) for the Year Ending June 30, 2013 <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council accept the CAFR for fiscal year ended June 30, 2013. <br />BACKGROUND <br />The City's independent auditor, Maze & Associates, has completed the audit of the City's <br />financial statements and provided their auditor's reports for the year ended June 30, 2013. <br />The Finance Department prepared the City's financial statements as part of its CAFR for the <br />year ended June 30, 2013. The Government Accounting Standards Board (GASB) <br />recommends the elements for the CAFR format. The CAFR and the related financial <br />statements fully disclose the financial condition of the City, Successor Agency to the <br />Redevelopment Agency, and other reporting units of the City. <br />Other financial statements for the year ended June 30, 2013 are reviewed and prepared by <br />the City's external auditor: <br />1. Alameda County Transportation Authority- Measure B Funds <br />2. Redevelopment Agency of San Leandro (Component Unit Report) <br />3. Transportation Development Act Article III Fund <br />4. Appropriations Limit Schedule and Independent Accountant's Report <br />5. Single Audit of Federal Grant Expenditures in accordance with U.S. Office of <br />Management and Budget Circular A-1 33 <br />The primary report, the CAFR, contains three sections. The first is the introductory section, <br />which provides general information on the City's structure, personnel, economic condition, <br />and finances. The financial section includes the independent auditor's report, the <br />general-purpose financial statements and related notes, and supplementary information. <br />City of San Leandro Page 1 Printed on 1128/2014 <br />