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City of San Leandro <br />Meeting Date: April 6, 2020 <br />Staff Report <br />Agenda Section:File Number:20-119 CONSENT CALENDAR <br />Agenda Number:8.H. <br />TO:City Council <br />FROM:Jeff Kay <br />City Manager <br />BY:Liz Warmerdam <br />Interim Finance Director <br />Assistant City Manager <br />FINANCE REVIEW:Liz Warmerdam <br />Interim Finance Director <br />TITLE:Staff Report for a City of San Leandro City Council Resolution to Accept the <br />Comprehensive Annual Financial Report (CAFR) for the Year Ended June 30, <br />2019 <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council accept the CAFR and related reports for the fiscal year <br />that ended on June 30, 2019. <br />BACKGROUND <br />The City's independent auditor, Maze & Associates, completed the audit of the City's financial <br />statements and provided their auditor's reports for the fiscal year that ended June 30, 2019. The <br />Finance Department prepares the City's financial statements in the form required for the <br />Comprehensive Annual Financial Report (CAFR). The Government Accounting Standards Board <br />(GASB) recommends the elements for the CAFR format. The CAFR and the related financial <br />statements fully disclose the financial condition of the City, Successor Agency to the <br />Redevelopment Agency, and other reporting units of the City. <br />The following statements for the year ended June 30, 2019 are presented for the City Council’s <br />review: <br /> <br />·Comprehensive Annual Financial Report <br />·Measure B Program Financial Statements <br />·Measure BB Program Financial Statements <br />·Measure F Funds-Alameda County Vehicle Registration Fee <br />·Transportation Development Act Article III Fund <br />The CAFR shows the total of all financial accounting for the fiscal year. The financial reporting <br />provided in the CAFR is in greater detail than the basic financial statements and is made up of <br />Page 1 City of San Leandro Printed on 4/1/2020 <br />126