AgdaPkt 2025.10.27 Joint SA PFA - Laserfiche WebLink

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1 INDEPENDENT ACCOUNTANT’S REPORT The Board of Directors of Redwood City Improvement Association Redwood City, California We have reviewed the accompanying financial statements of Redwood City Improvement Association (a California nonprofit organization), which comprise the statement of financial position as of November 30, 2024 and 2023; the statements of activities and functional expenses for the year ended November 30, 2024, with 2023 presented as comparative totals; the statement of cash flows for the years ended November 30, 2024 and 2023; and the related notes to the financial statements. A review includes primarily applying analytical procedures to management’s financial data and making inquiries of organization 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. We are required to be independent of Redwood City Improvement Association and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our reviews. Supplemental Information – Budget Comparison Schedule The accompanying budget comparison schedule is presented for purposes of additional analysis. Management is responsible for the preparation and fair presentation of this supplemental information. This schedule is not a required part of the basic financial statements, and we have not reviewed it; accordingly, we do not express a conclusion on it. Accountant’s Conclusion Based on our review, 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. San Jose, California October 6, 2025 8.A. - Page 23 of 33 35