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Address: 180 Grand Avenue, Suite 1500 Oakland, CA 94612 • Phone: 510.768.8251 • Fax: 510.768.8249 <br /> <br /> <br /> <br /> <br /> <br /> <br />INDEPENDENT AUDITOR’S REPORT <br /> <br />To the Honorable Mayor and Members of City Council <br />of the City of Redwood City <br />Redwood City, California <br /> <br />Report on the Financial Statements <br /> <br />We have audited the accompanying financial statements of the Utility Users’ Tax Fund (UUT Fund) <br />information of the City of Redwood City, California as of and for the fiscal year ended June 30, 2017, <br />and the related notes to the financial statements. <br /> <br />Management’s Responsibility for the Financial Statements <br /> <br />Management is responsible for the preparation and fair presentation of these financial statements in <br />accordance with accounting principles generally accepted in the United States of America; this <br />includes the design, implementation, and maintenance of internal control relevant to the preparation <br />and fair presentation of financial statements that are free from material misstatement, whether due to <br />fraud or error. <br /> <br />Auditor’s Responsibility <br /> <br />Our responsibility is to express opinions on these financial statements based on our audit. We <br />conducted our audit in accordance with auditing standards generally accepted in the United States of <br />America and the standards applicable to financial audits contained in Government Auditing Standards, <br />issued by the Comptroller General of the United States. Those standards require that we plan and <br />perform the audit to obtain reasonable assurance about whether the financial statements are free from <br />material misstatement. <br /> <br />An audit involves performing procedures to obtain audit evidence about the amounts and <br />disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, <br />including the assessment of the risks of material misstatement of the financial statements, whether <br />due to fraud or error. In making those risk assessments, the auditor considers internal control <br />relevant to the entity’s preparation and fair presentation of the financial statements in order to design <br />audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an <br />opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. <br />An audit also includes evaluating the appropriateness of accounting policies used and the <br />reasonableness of significant accounting estimates made by management, as well as evaluating the <br />overall presentation of the financial statements. <br /> <br />We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis <br />for our audit opinions. <br /> <br /> <br /> <br />6.1.C. - Page 29