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AgdaPkt 2011-01-10
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AgdaPkt 2011-01-10
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Last modified
7/2/2012 4:48:18 PM
Creation date
1/6/2011 4:24:06 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Agency Type
City Council and Redevelopment Agency
Date
1/10/2011
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6.1 B <br /> C �L ATTF�I�tlI EIJ�� <br /> Caporlcci & Iarson, Inc_ <br /> A Subsidtary of Mqrcuns LLP <br /> Certtfied Public Accountants <br /> REPORT ON INTERNAL CONTROL OVER FINANQAL REPORTING AND ON COMPLIANCE AND <br /> OTHER MATTERS BASED ON AN AUD1T OF FINANCIAL STATEMENTS PERFORMED IN <br /> ACCORDANCE WITH <br /> GOVERNMENTALIDTTING STANDARDS <br /> To the Members of the Board of Directors <br /> of the Redevelopment Agency of the City of Redwood City <br /> Redwood City, California <br /> We have audited the basic financial statements of the Redevebpment Agency of the City of Redwood City <br /> (Agency), a rnmponent unit of the City of Redwood City (City), as of and for the year ended June 30, 201Q and <br /> have issued our report thereon dated December 3, 2410. We rnnducted our audit in accordance with generally <br /> accepted auditing standards in the Unified States and the standards applicable to fixiarrcial audits mnt�ained in <br /> Covernmeret AudiEing Standards, issued by the Comptroller General of the United States. <br /> Internal Control over Financial Report�ng <br /> In planning and performing our audi#, we considered the Agenc�s internal control over financial reporting as a <br /> basis far designing our auditing procedures for the purpose of expressing our opinions an the finarxial <br /> statements, but not for the purpose of expressing an opinion on the effectiveness of the Agenc�s internal control <br /> over financial reporting. Accordingly, we do not express an opinion on the effectiveness of fihe Agency's internal <br /> control over financiai reporting. <br /> A deficiency in intemal rnntrol exists when the design or operation of a rnntrol does not allow management or <br /> employees, in the normal course of performing their assigned functions, to prevent, or detect and correct <br /> misstatements on a timely basis. A rnaterial weakness is a deficiency, or a combination of deficierxies, in intemal <br /> mntrol such that there is a reasonable possibility that a material misstatement of the entit�s financial statements <br /> will not be prevented, or detected and corrected on a timely basis. <br /> Our rnnsideration of internal control over financial reporting was far the limited purpose descxibed 'm the first <br /> paragraph of this section and was not designed tn identify alI deficiencies in internal control over financial <br /> relwrting that might be deficiencies, significant deficiencies, or material weaknesses. We did not identify any <br /> deficier�cies in intemal controi over financial reporting that we consider to be materiai wealme.sses, as defined <br /> above. <br /> ww�¢rlcpa.com <br />
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