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February 27, 2023 To the Honorable Mayor and Members of the City Council and Residents of the City of San Leandro: I am pleased to submit the Annual Comprehensive Financial Report (ACFR) for the City of San Leandro for the fiscal year ended June 30, 2022. Section 555 of the City Charter requires an annual ACFR is published to fulfill this requirement for the fiscal year ending June 30, 2022. 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 ons of all funds. All disclosures necessary to s 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 sufficient reliable 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, 2022, in accordance with GAAP. This is a favorable conclusion and is commonly referred to as an unmodified opinion. GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statement in the form of the Ma (MD&A). The MD&A complements this transmittal letter and should be read in conjunction with it. The audit involved examining on 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 ACFR, 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 re and compliance with legal requirements, emphasizing administration of Federal awards. These reports tely issued Single Audit Report. v