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To The Honorable Mayor and Members <br /> of the Audit Committee of the City of Redwood City <br />Redwood City, California <br />Page 3 <br /> <br /> <br />Certain financial statement disclosures are particularly sensitive because of their significance to <br />financial statement users. The most sensitive disclosure(s) affecting the financial statements were: <br /> Summary of Significant Accounting Policies <br /> Cash and Investments <br /> Long Term Debt <br /> Capital Assets <br /> Net Position/Fund Balances <br /> Employee Retirement Plans <br /> Other Postemployment Benefits (OPEB) Plan <br /> Commitments and Contingencies <br />The financial statement disclosures are neutral, consistent, and clear. <br />Difficulties Encountered in Performing the Audit <br />We encountered no significant difficulties in dealing with management in performing and completing <br />our audit. <br />Corrected and Uncorrected Misstatements <br />Professional standards require us to accumulate all known and likely misstatements identified during <br />the audit, other than those that are clearly trivial, and communicate them to the appropriate level of <br />management. Management has corrected all such misstatements. In addition, none of the <br />misstatements detected as a result of audit procedures and corrected by management were material, <br />either individually or in the aggregate, to each opinion unit’s financial statements taken as a whole. <br />Disagreements with Management <br />For purposes of this letter, a disagreement with management is a financial accounting, reporting, or <br />auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial <br />statements or the auditor’s report. We are pleased to report that no such disagreements arose during <br />the course of our audit. <br />Management Representations <br />We have requested certain representations from management that are included in the management <br />representation letters dated December 11, 2017. <br />Management Consultations with Other Independent Accountants <br />In some cases, management may decide to consult with other accountants about auditing and <br />accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation <br />involves application of an accounting principle to the City’s financial statements or a determination of <br />the type of auditor’s opinion that may be expressed on those statements, our professional standards <br />require the consulting accountant to check with us to determine that the consultant has all the relevant <br />facts. To our knowledge, there were no such consultations with other accountants. <br />6.1.C. - Page 39