Reso 2020-033 CAFR for Fiscal Year Ended June 30, 2019

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City of San Leandro Civic Center, 835 E. 14th Street San Leandro, California 94577 March 13, 2020 Honorable Mayor and Members of the City Council City of San Leandro San Leandro, CA 94577 Dear Mayor and Members of the City Council: The Comprehensive Annual Financial Report (CAFR) for the City of San Leandro is hereby submitted for the year ended June 30, 2019. Responsibility for both the accuracy of the data and completeness and fairness of the presentation, including all disclosures, rests with the City. To the best of our knowledge and belief, the enclosed information is accurate in all material respects and is reported in a manner designed to fairly present the City's financial position and results of operations of all funds. All disclosures necessary to understand the City's financial activities are included. Section 555 of the City Charter requires an annual independent audit of the City's fiscal affairs. This report is published to fulfill this requirement for the fiscal year ending June 30, 2019. This report consists of management's representations concerning the finances of the City. To provide a reasonable basis for making these representations, management established a comprehensive internal control framework designed to both protect the City's assets from loss, theft, or misuse, compiled sufficient reliable information for the preparation of the City's financial statements in conformity with Generally Accepted Accounting Principles (GAAP), and complied with applicable laws and regulations. The City contracted with Maze & Associates, a public accounting firm licensed to perform local government audits in California, to complete the annual audit. Maze concluded that the financial statements present fairly the respective financial position of the government activities, the business - type activities, each major fund, and the aggregate remaining fund information of the City, and the respective changes in financial position, and where applicable, cash flows for the year ended June 30, 2109 in accordance with GAAP. This is a favorable conclusion and is commonly referred to as an unqualified opinion. The audit involved examining on a test basis evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. In addition to the CAFR, the City prepares a mandated Single Audit designed to meet requirements related to major program expenditures of Federal funds. The standards governing Single Audit engagements require the independent auditor to report on the audited government's internal controls and compliance with legal requirements, emphasizing administration of Federal awards. These reports are available in the City's separately issued Single Audit Report.