AgdaPkt 2020-07-13 Special Joint SA PFA

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6.C. - Page 56 of 124 EideBailly CPAs & BUSINESS ADVISORS Independent Accountant's Report The Board of Directors Redwood City Improvement Association Redwood City, California We have reviewed the accompanying financial statements of Redwood City Improvement Association (a California Nonprofit Corporation) (the "Association"), which comprise the statement of financial position as of November 30, 2019, and the related statements of activities, cash flows and functional expenses for the years then ended, and the related notes to the financial statements. A review includes primarily applying analytical procedures to management's financial data and making inquiries of management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error. Accountant's Responsibility Our responsibility is to conduct the review engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. Those standards require us to perform procedures to obtain limited assurance as a basis for reporting whether we are aware of any material modifications that should be made to the financial statements for them to be in accordance with accounting principles generally accepted in the United States of America. We believe that the results of our procedures provide a reasonable basis for our conclusion. Accountant's Conclusion Based on our reviews, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in accordance with accounting principles generally accepted in the United States of America. The prior year summarized comparative information has been derived from the Association's financial statements for the year ended November 30, 2018, which were reviewed by Vavrinek, Trine, Day & Co., LLP, and in our report dated January 31, 2019, we noted we were not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles. Palo Alto, California February 21, 2020 What inspires you, inspires us. eidebailly.com 260 Sheridan Ave., Ste. 440 Palo Alto, CA 94306-2011 T 650.462.0400 F 650.462.0500 EOE 2622