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7.1.A. - Page 20 <br /> The following graph indicates the trend in appropriations subject to limitation: <br /> Appropriation Limit <br /> All Funds Subject to Appropriation <br /> 600 <br /> 500 - — <br /> 400 <br /> c 300 —.. <br /> 200 <br /> 100 <br /> 2009 -10 2010 -11 2011 -12 2012 -13 2013 -14 <br /> Excluding General improvement and Proprietary Funds • Limit • Sub. to Limit <br /> OTHER INFORMATION <br /> Annual Independent Audit <br /> The annual audit of the books and financial records of Redwood City was completed by Badawi and Associates, <br /> certified public accountants appointed by the City Council. The independent auditor's report has been made a <br /> part of this report. <br /> Awards <br /> The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in <br /> Financial Reporting to the City of Redwood City for its Comprehensive Annual Financial Report (CAFR) for the FY <br /> ended June 30, 2013. This is the 27 consecutive year that Redwood City has received this prestigious award. In <br /> order to be awarded a certificate of achievement, a government must publish an easily readable and efficiently <br /> organized comprehensive annual financial report. This report must satisfy both generally accepted accounting <br /> principles and applicable legal requirements. A certificate of achievement is valid for a period of one year only. <br /> We believe that our current CAFR continues to meet the certificate of achievement program's requirements and <br /> are submitting it to the GFOA to determine its eligibility for another certificate. <br /> Acknowledgements <br /> The preparation of this report could not have been achieved without the efficient and dedicated services of the <br /> entire staff of the Finance Department. Special thanks are extended to Alison Freeman for her leadership in <br /> overseeing this process, Toni Saldou, Gita Mehirdel, Jennifer Chang, Carolyne Kerans, and Sylvia Peters for their <br /> important contributions, and to Nancy Murguia for her relentless dedication to assembling this document. <br /> I would also like to thank and commend Mayor Jeffery Gee and the Redwood City Council, and City Manager <br /> Robert Bell for their interest and support in planning and conducting the financial operations of the City in a <br /> responsible and progressive manner in the best interests of the residents of Redwood City. <br /> Respectfully submitted, <br /> Audrey Seymour Ramberg <br /> Interim Director of Finance <br /> City of Redwood City <br /> Redwood City, California <br /> vi <br />