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Risk Management <br />The City maintains a program of commercial insurance combined with self-insurance for substantially <br />all of its governmental operations, except for major constrnction projects and contractor-supplied <br />services. In such circumstances, insurance to protect the City is provided by each contractor. The City <br />is a member of the Local Agency Workers' Compensation Excess Joint Powers Authority (LAWCX). <br />The City is also a member of California Joint Powers Risk Management Authority (CJPRMA), which <br />provides annual general liability coverage in an aggregate up to $40 million. Additional infmmation <br />on the City's risk management activity can be found in the notes to the financial statements. <br />OTHER INFORMATION <br />Certificate of Achievement <br />The Government Finance Officers Association of the United States and Canada (GFOA) awarded a <br />Certificate of Achievement for Excellence in Financial Reporting to the City of San Leandro for its <br />CAFR for the fiscal year ended June 30, 2017. This was the 22nd consecutive year that the City of San <br />Leandro has received this prestigious award. In order to be awarded a Certificate of Achievement, a <br />government must publish an easily readable and efficiently organized CAFR. This repmi must satisfy <br />both generally accepted accounting principles and applicable legal requirements. <br />A Ce1iificate of Achievement is valid for a pe1iod of one year. We believe that our cmTent CAFR <br />continues to meet the Certificate of Achievement Program's requirements and we are submitting it to <br />the GFOA to dete1mine its eligibility for another certificate. <br />Acknowledgements <br />This CAFR represents the culmination of numerous hours of hard work expended by the dedicated <br />staff in the Accounting Division of the Finance Department. In particular, I would like to express <br />appreciation to Norite Vong, Rita Gurule-Salcido, Susan Nunes, and Sally Perez whose suppmi and <br />dedication made the report possible. Furthermore, I would like to thank Maze & Associates for their <br />professional assistance and cooperation. <br />Finally, I want to thank the City Manager and the City Council for their continued interest and suppmi <br />in planning and conducting the City's financial operations. <br />Respectfully submitted, <br />David Baum <br />Finance Director <br />X 461