AgdaPkt 2009-12-14 - Laserfiche WebLink

Browse Search

6.1 B - Attachment No. 2 � ��L Caporicci&Larson Certitifled Public Accountants REPORT ON INTERNAL CONTROL�VER FINANCIAL REP4RTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN � ACCORDANCE WTTH GOVEItNMENTAI.IDTITNG STANDARDS To the Members of the Board of Directors of the Redevelopment Agency of the City of Redwood City Redwood City,Califomia We have audited the basic financial statements of the Redevelopment Agency of the City of Redwood City (Agency),a component unit of the City of Redwood City(City},as of and for the year ended June 30,2009,and have issued our report thereon dated November 30,2009. We conducted our auclit in accordance with generally accepted auditing star►dards in the United States and the st�ndards applicable to financ�al audits contained in Government Auditing Standards,issued by the Comptroller General of the United States. Internal Control over Financial Reporting � In planning and pexfornvng our audit,we considered the Agenc�s internal contro�over financial reporting as a basis for designixtg owr audit procedures for the purpose of expressing oux opinion on the financial statements, but not fox fihe purpose of expressing an opinion on the effectiveness of the Agency's internal control over financial reporting. Accorc�ingly, we do not express an opinion on the effectiveness of the Agency's intemal control over financial reporting. A control deficiency exists when the design or operation of a control does not allow management or employees,in the norntial.course of performixig their assigxted functions�to prevent or detect misstatements on a timely basis. A significant deficienc��is a control de�iciency, or combination of control deficiencies, that adversely affects the entit,�s ability to initiate,authorize,record,process,or report financial data reliably in accordance with generally accepted accounting priuzciples such that there is more than a reanote likelihood that a misstatement of the entity's financial statements that is more than inconsequential will not be prevented or detected by the entity's internal control. A material zveakness is a szgnifi.cant deficiency,or combination of signifiicant deficiencies,that results in more than a remote likelihood that a material misstatement of the financial statemen�s will not be prevented or detected by the eniity's internal control. Our consideration of interr�al control over financial reporting was for the limited purpose described in the first ' paragraph and would not necessarily iden�ify all deficiencies in intemal control that might be significant defi,cien�ies or material. weaknesses. We did not identify any defiaiencies in intexnal control over financial reporting that we consider to be material.weaknesses,as defined above. Toll Free Ph:(87'n 862-2200 Toll Free Fax:(866)436-0927 oaklaad. oraage Connty Sscra�nento Saa Dle�o I80 Grand Ave.,5uite 1365 9 Corporate Park,Suite 100 777 Campns Cummons Rd.,Suite 200 4858 Mercmy,Sulte 106 Oakland,Cullfornia 946i2 Irvtne,Callfomia 92606 Saccamento,Califom9a 95825 San Dlego,California 92111