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File Number: 17-060 <br />FY 2014-15. The increase in Miscellaneous Revenues is mainly due to a one-time <br />$4.0 million settlement agreement payment received by the Water Pollution Control <br />Plant and the reentering of $2.3 million loan agreement between the City and the <br />Successor Agency to the Redevelopment Agency <br /> <br />·The City's business-type activities include the Water Pollution Control Plant, Shoreline, <br />Storm Water Utility and Environmental Services. The net position increased by $3.4 <br />million from prior fiscal year due to mainly to the one-time $4.0 million settlement <br />agreement referenced above. <br /> <br />The City has once again received an unqualified "clean" opinion, which is the highest level of <br />assurance that can be rendered by the auditors. This opinion assures that the City's financial <br />statements are in conformity with accounting principles generally accepted in the United <br />States and has been rendered on all of the City's funds, including the Successor Agency to <br />the Redevelopment Agency of the City of San Leandro. <br /> <br />The City Council should note that the City was awarded the Certificate of Achievement for <br />Excellence in Financial Reporting for the fiscal year ended June 30, 2015 by the Government <br />Finance Officers Association of the United States and Canada (GFOA). Staff has submitted <br />this year's CAFR for the award and believes that the 2015-16 CAFR continues to meet the <br />stringent standards of the GFOA Awards program. <br /> <br />Staff recommends that the City Council accept the Comprehensive Annual Financial Report <br />(CAFR) for fiscal year ended June 30, 2016. <br />ATTACHMENT(S) <br />None <br />PREPARED BY: David Baum, Finance Director, Finance Department <br />Page 3 City of San Leandro Printed on 2/16/2017