Laserfiche WebLink
REQUIRED COMMUNICATIONS <br />To the City Council of <br />the City of San Leandro, California <br />We have audited the basic financial statements of the City of San Leandro for the year ended June 30, <br />2017. 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 the Uniform <br />Guidance. <br />Significant Audit Findings <br />Accounting Policies <br />Management is responsible for the selection and use of appropriate accounting policies. The significant <br />accounting policies used by City of San Leandro are described in Note 1 to the financial statements. No <br />new accounting policies were adopted, and the application of existing policies were not changed during <br />the year, except as follows: <br />GASB Statement No. 74 – Financial Reporting for Post-employment Benefit Plans Other <br />Than Pension Plans <br />This pronouncement became effective, as disclosed in Note 1P to the financial statements. As a <br />result, the City adjusted beginning net position of the OPEB Trust fund and required new <br />disclosures to the footnotes. <br />GASB Statement No. 77 – Tax Abatement Disclosures <br />The pronouncement became effective, and applicable agreements are disclosed in Note 12 to the <br />financial statements. <br />GASB Statement No. 82 – Pension Issues–an amendment of GASB Statements No. 67, No. 68, <br />and No. 73 <br />The pronouncement became effective, but did not have a material effect on the financial <br />statements, and only affected the Pension-Related Required Supplementary Information. <br />The following Governmental Accounting Standards Board (GASB) pronouncements became effective, <br />but did not have a material effect on the financial statements: <br />GASB Statement No. 73 – Accounting and Financial Reporting for Pensions and Related <br />Assets That Are Not within the Scope of GASB Statement 68, and Amendments to Certain <br />Provisions of GASB Statements 67 and 68 <br />GASB Statement No. 80 – Blending Requirements for Certain Component Units–an <br />amendment of GASB Statement No. 14 <br />710