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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 />2018. 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 />The following Governmental Accounting Standards Board (GASB) pronouncements became effective, <br />and did not have a material effect on the financial statements: <br />GASB 81 – Irrevocable Split-Interest Agreements <br />GASB 85 – Omnibus 2017 <br />GASB 86 – Certain Debt Extinguishment Issues <br />The following Governmental Accounting Standards Board (GASB) pronouncement became effective, and <br />as disclosed in Note 9E to the financial statements, required a prior period adjustment for the cumulative <br />effect on the financial statements. <br />GASB 75 – Accounting and Financial Reporting for Post-employment Benefits Other Than <br />Pensions  <br />Unusual Transactions, Controversial or Emerging Areas <br />We noted no transactions entered into by the City during the year for which there is a lack of authoritative <br />guidance or consensus. All significant transactions have been recognized in the financial statements in the <br />proper period. <br />9497