AgdaPkt 2018-01-08 Joint SA PFA - Laserfiche WebLink

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To the Honorable Mayor and Members of City Council of the City of Redwood City Redwood City, California Page 2 2 Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the UUT Fund information of the City of Redwood City, California, as of June 30, 2017, and the respective changes in financial position for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter As discussed in Note 1, the financial statements present only the UUT Fund and do not purport to, and do not, present fairly the financial position of the City of Redwood City, California as of June 30, 2017, and the changes in its financial position for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Management has omitted the management’s discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial statements is not affected by this missing information. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 21, 2017 on our consideration of the UUT Fund’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the UUT Fund’s internal control over financial reporting and compliance. Badawi and Associates Certified Public Accountants Oakland, California December 21, 2017 6.1.C. - Page 30