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MAZE <br />& ASSOCIATES <br />REQUIRED COMMUNICATIONS <br />To the City Council of· <br />the City of San Leandro, California <br />We have audited the basic fmancial statements of the City of San Leandro for the year ended June 30, <br />2015. Professional standards require that we communicate to you the following information related to our <br />audit under generally accepted auditing standards and, Government Auditing Standards and OMB <br />Circular A-133. <br />Significant Audit Findings <br />Accounting Policies <br />Management is responsible for the selection and use of appropr iate accounting policies. The significant <br />accounting policies used by City of San Leandro are described in Note I to the financial statements. The <br />'following pronouncement became effective, but did not have a material effect on the fmancial statements: <br />GASB Statements No. 69 -Government Combinations and Disposals of Government <br />Operations <br />Tue following pronouncements became effective, and as disclosed in Note 1 to the financial <br />statements required a prior period adjus1ment for the cumulative effect on the financial <br />statements .. <br />GASB Statement No. 68 -A ccoun tin g and Financial Reportin g (or Pensions, an Amendment <br />ofGASB Statement No. 27 <br />This Statement establishes standards for measuring and recognizing liabilities, deferred outflows <br />of resources, and deferred inflows of resources, and expense/expenditures. For defined benefit <br />pensions, this Statement identifies the methods and assumptions that should be used to project <br />benefit payments, discount projected benefit payments to their actuarial present value, and <br />attribute that present value to periods of employee service. <br />Note disclosure and required supplementary information requirements about pensions also are <br />addressed. Distinctions are made regarding the particular requirements for employers based on <br />the number of employers whose employees are provided with pensions through the pension plan <br />and whether pension obligations and pension plan assets are shared. <br />In addition, this Statement details the recognition and disclosure requirements for employers with <br />liabilities (payables) to a defmed benefit pension plan and for employers whose employees are <br />provided with defmed contribution pensions. This Statement also addresses circmnstances in <br />which a non-employer entity has a legal requirement to make contributions directly to a pension <br />plan. · <br />Accountancy Corporation <br />3478 Buskirk Avenue, Suite 2.i 5 <br />Pleasant Hill, CA 94523 <br />7 <br />T 925,930.0902 <br />F 925.930.0135 <br />E maze@mazeassociates.com <br />w mazeassoclates.com