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In addition to the annual financial audit, the City provides for a federally mandated Single Audit <br />designed to meet the special needs of Federal grantor agencies. The standards governing Single Audit <br />engagements require the independent auditor to report on the audited government’s internal controls and compliance with legal requirements, with special emphasis on the administration of Federal <br />awards. These reports are available in the City’s separately issued Single Audit Report. <br />GAAP requires that management provide a narrative introduction, overview, and analysis to <br />accompany the basic financial statement in the form of Management’s Discussion and Analysis (MD&A). The MD&A compliments this letter of transmittal and should be read in conjunction with <br />it. The City’s MD&A can be found immediately following the report of the independent auditors in <br />the financial section of the CAFR. <br />CITY PROFILE <br />The City of San Leandro was incorporated in 1872 and is one of the oldest communities in the San <br />Francisco Bay Area. The City occupies fifteen square miles between the cities of Oakland and <br />Hayward and is bordered on the west by the San Francisco Bay. San Leandro offers its approximately 87,700 residents the quiet charm and character of a community that has been established for more than <br />140 years. Once an agricultural community, the City has been successful in attracting significant <br />industrial, manufacturing and retail development to the area. <br />City Structure The City functions under a Mayor-Council-Manager form of government and is governed by a seven- <br />member council elected by City residents. Municipal services provided include public safety, streets <br />and roads, recreation and cultural services, library, health services, public infrastructure improvements, <br />planning and zoning, and general administrative services. The scope of the City Council’s power and <br />influence includes, but is not limited to the following: <br />•The authority to establish and modify operating and capital budgets <br />•The power to appoint voting members to other governing authorities <br />•The power to appoint the City Manager and City Attorney <br />•The ability to plan and direct operations <br />•The authority to veto, modify, and overrule decisions <br />Another significant example of control is the nature of financial interdependency between the various <br />City funds. Manifestations of financial interdependency include taking responsibility for financing <br />deficits, being entitled to operating surpluses, and giving implied guarantees (moral responsibility) for debt obligations. <br />Component Units <br />As of June 30, 2016, there were no discretely reportable component units. The City’s blended <br />component units include operations of the San Leandro Parking Authority, the San Leandro Public Financing Authority, and the San Leandro Economic Development Agency. <br />vi