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6.B. - Page 20 of 55 F/ <br />M A Z E <br />& ASSOCIATES <br />INDEPENDENT ACCOUNTANT'S REPORT ON <br />APPLYING AGREED UPON PROCEDURES FOR <br />COMPLIANCE WITH THE PROPOSITION 111 <br />2020-2021 APPROPRIATIONS LIMIT INCREMENT <br />To the Honorable Mayor and Members of the City Council <br />of the City of Redwood City <br />Redwood City, California <br />We have performed the procedures below to the Appropriations Limitation Worksheet which were agreed to <br />by the City of Redwood City, for the fiscal year ending June 30, 2021. These procedures, which were <br />suggested by the League of California Cities and presented in their Article XIIIB Appropriations Limitation <br />Uniform Guidelines, were performed solely to assist you in meeting the requirements of Section 1.5 of Article <br />XIIIB of the California Constitution. Management is responsible for the Appropriations Limit Worksheet. <br />This agreed-upon procedures engagement was conducted in accordance with attestation standards established <br />by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the <br />responsibility of the City. Consequently, we make no representation regarding the sufficiency of the <br />procedures described below either for the purpose for which this report has been requested or for any other <br />purpose. <br />The procedures you requested us to perform and our findings were as follows: <br />A. We obtained the Appropriations Limitation Worksheet and determined the 2020-2021 Appropriations <br />Limit of $775,011,639 and annual adjustment factors were adopted by Resolution of the City <br />Council. We also determined that the population and inflation factor options were selected by a <br />recorded vote of the City Council. <br />Findings: No exceptions were noted as a result of our procedures. <br />B. We computed the 2020-2021 Appropriations Limit by multiplying the 2019-2020 Prior Fiscal Year <br />Appropriations Limit by the Total Growth Factor. We recomputed the Total Growth Factor by <br />multiplying the inflation option by the population option. <br />Findings: No exceptions were noted as a result of our procedures. <br />C. For the Appropriations Limitation Worksheet, we agreed the population and inflation factors to <br />California State Department of Finance Worksheets. <br />Findings: No exceptions were noted as a result of our procedures. <br />Accountancy Corporation <br />3478 Buskirk Avenue, Suite 215 <br />Pleasant Hill, CA 94523 <br />T 925.930.0902 <br />F 925.930.0135 <br />E mazeUmazeassociates.com <br />w mazeassociates.com <br />77 <br />