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� Capari�ei S�La�s�n Certifiec��u�lic Accoi��tar��s REP�RT�N INTEIZNAL C�NTR�L�VER FINANCIAL REP�RTIN� AND �N��MPLIAN�E AND �THER MATTEIZS BA5ED �N AN AiJDIT�F FINAI��IAL STATEMENTS PERF�IZMED II�I A��Al��E�TI�[ GD��.��21��'14i.I��TG ST.A�VI�AI2I]S The Board of Direct�rs �f the Redevel�pmer�t Agenc�r of the�it�-�f R�d�nr�od�ity I�edw��d�ity,�alifornia We �ave audited the basic finar�cial stateme�.t� of the IZedevelopme�.t Agency of the �ity of Redvv��d City �Ag�nc�r}, a c�mp�r�er�t unit of the Cit�r of Redw�od �it�r ��it�}, as �f and far the year ended jun�3�, ��7, and l�av� issued our r�p�rt thereort date�l ��t�ber 19, ��7. �We ��nducted our audit in accordance v�rith gen�ra�lt� a��epted audi.t�ng staridards ir� the United States and th� sta�cl.ards appli�able to fir�a��xal audits �ontai.ned in Gflvernmert�Audi�ir��Stc�ndc�rds,issued��r the�omptr�ller�eneral of the Uriit�d�tates, I�terrial��ritrvl v�rer Firiari�ial IZe�artin� In p�.ann.ing and perf�rmi�.zg our audit, we consid�red the .Age�.�y's internal control over finart�ial�ep�rtii�.g as a basis for d�signxng our auclit pr�ced-�a.res for the purp�se of e�pressing�ur opin�.on on the finar��ia1 statements,but not f�r the purp�se of expressing an opinian ort the effe�tiveness �f the �ity's internal c�r�trol over financial r�portxng. A��rdingl�, w� d� n�t �xpress an �pir�iax� on the eff�ctiveness �f the �ity's it�tern.al contr�l over finan�xal rep orting. A��ntral deficienc�r�xists wher�th�design or�perati�n of a��ntr�1�does r��t all��nr management�r emplo�r�es,in the n�rmal c�urse of perfflr�ni�.�g their assigned fun�tio�s, to prevent or dete�t misstatements on a timel�r basis. A slgnificant deficiency is a control d�ficiency, ar ��mbir�ation of eantrol defi�len�ies, that ad�rersel�r aff�cts the entit�r's a�ili.ty t�init�ate, autharize, record, proc�ss, or report finan�ial �1ata relia�ly i�n. a��rdance with g�r��rally a��pted acc�unting pr�nciples such that there is more than a rem�t�likelih��d t�at a misstatement af the e�tit�r's financial stat�ments that is �or� than in�onsequential will nat be pr�vertted �r dete�t�d b�r the entit�r's irit�r�a1 cantrol. A material w�alcness is a signif�.cant deficiency, �r��mb�nation�f significarit defi�iencies,that result�in.more tha� a remot�1ikelihood t�i.at a material misstat�ment of the fitzan�ial statements will riat be pre�rent�d�r det�ct�d�y the entity's irtternal contral. �xr ��risi�eratiori of �nternal �ontrol ov�r firiar��.a1 reporting was for the lvm.ited purpose des�ri�hed ir� the first pa�agraph arid would ��t n�cessari�.y identify alI deficien�i�s irt �terr�al �ontr�l that might b� signifi�arit deficien�ies or �naterial wea�cr�esses. Ho�nr�ver, �ve did not ider�tify any defi�i�ncies irl ir�ternal �ontrol a�rer financial reporti�g that we c�nsider to be material�veakr�esses,as def�ned above. Toll Free Ph:(877�SG�-2200 Toll Free Fax:(8G�)�3G�-n��7 �a�laRnc� ��age�v�� as�a�tteYata ��IBg�gv �8fl GranriAve.,5uite 13G5 9 Carparate Park,5uite IDD 777 Campus Commons Rd.,5uite�n� �8581VIer�ury,Suite 1�G Qakland,Califvrnia 9��12 Irvine,California 9?�OG Sacra.menta,Califarnia 95825 San Diega,California]211�