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MAZE & ASSOCIATES 7. / <br /> <br /> <br /> ACCOUNTANCY CORPORATION <br /> 1931 San Miguel Drive - Suite 100 <br /> Walnut Creek, California 94596 <br /> (925) 930-0902 · FAX (925) 930-0135 <br /> E-Mail: rnaze@mazeassociates.com <br /> Website: www. mazeassociates.corn <br /> <br /> INDEPENDENT AUDITORS' REPORT <br /> <br /> Members of the Governing Board <br /> Redevelopment Agency of the City of Redwood City <br /> Redwood City, California <br /> <br /> We have audited the accompanying component umt financial statements of the Redevelopment Agency of the City <br /> of Redwood City, a component unit of the City of Redwood City, as of and for the years ended June 30, 2001 and <br /> 2000, as listed in the table of contents. These component umt fmanciat statements are the responsibility of the <br /> Agency's management. Our responsibility is to express an opinion on these component unit financial statements <br /> based on our audits. <br /> <br /> We conducted our audits in accordance with generally accepted auditing standards. Those standards require that <br /> we plan and perform the audit to obtain reasonable assurance as to whether the component unit financial <br /> statements are free of material misstatement. An audit includes examining on a test basis evidence supporting the <br /> amounts and disclosures in the component unit financial statements. An audit also includes assessing the <br /> accounting principles used and significant estimates made by management, as well as evaluating the overall <br /> component unit financial statement presentation. We believe that our audits provide a reasonable basis for our <br /> opinion. <br /> <br /> As discussed in Note 1, the component unit financial statements referred to above present only the Agency and are <br /> not intended to present the financial position of the City of Redwood City and the results of its operations in <br /> conformity with generally accepted accounting principles. <br /> <br /> In our opinion, the component amt financial statements referred to above present fairly in all material respects the <br /> fmancial position of Redevelopment Agency of the City of Redwood City as of June 30, 2001 and 2000 and the <br /> results of its operat/ons for the years then ended, in conformity with generally accepted accounting principles. <br /> <br /> November 2, 2001 <br /> <br /> 1 <br /> A Professional Corporation <br /> <br /> <br />