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AgdaPkt 2017-01-09 Closed and Joint
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AgdaPkt 2017-01-09 Closed and Joint
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Last modified
1/24/2017 7:40:57 AM
Creation date
1/5/2017 6:17:20 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/9/2017
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6.1.D. - Page 20 <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, 2015. This is the 29th 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 skillful, dedicated and efficient services <br />of the entire staff of the Finance Division. I would like to extend special recognition to Derek Rampone for his <br />professionalism and leadership in overseeing this process. Special thanks must also be expressed to Toni Saldou, <br />Jun Nguyen Luis Bertelsen, Jennifer Chang, Carolyne Kerans, and Sylvia Peters for their important contributions, <br />and to Nancy Murguia for her support with the publication of this document. <br />I would also like to thank and commend the City Council and City Manager for their ongoing interest and support <br />in planning and conducting the financial operations of the City in a responsible and progressive manner in the <br />best interests of the residents of Redwood City. <br />Respectfully submitted, <br />Kimbra McCarthy <br />Assistant City Manager of Administrative Services <br />City of Redwood City <br />Redwood City, California <br />vii <br />
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