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City of San Leandro <br />Meeting Date: February 16, 2021 <br />Staff Report <br />Agenda Section:File Number:21-090 CONSENT CALENDAR <br />Agenda Number:8.G. <br />TO:City Council <br />FROM:Fran Robustelli <br />Interim City Manager <br />BY:Susan Hsieh <br />Finance Director <br />FINANCE REVIEW:Susan Hsieh <br />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 Fiscal Year Ended June <br />30, 2020 <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council accept the CAFR for the fiscal year ended June 30, 2020. <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, 2020. The <br />Finance Department prepares the City's financial statements in the form required for the <br />Comprehensive Annual Financial Report (CAFR). The Governmental Accounting Standards <br />Board (GASB) recommends the elements for the CAFR format. The CAFR and the related <br />financial statements fully disclose the financial condition of the City, Successor Agency to the <br />Redevelopment Agency, and other reporting units of the City. <br />In addition to the Comprehensive Annual Financial Report, the following statements for the year <br />ended June 30, 2020 were also prepared as required by the Alameda County Transportation <br />Commission (ACTC). <br />·Measure B Program Financial Statements <br />·Measure BB Program Financial Statements <br />·Measure F Funds-Alameda County Vehicle Registration Fee <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 />three primary sections: <br />·Introductory Section: provides general information about the City including the letter of <br />transmittal, list of principal officers, and an organizational chart. <br />Page 1 City of San Leandro Printed on 2/11/2021 <br />82