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<br />To the Honorable Mayor and Members of City Council <br />of the City of Red wood City <br />Redwood CIty, California <br />Page Two <br /> <br />Our audit was conducted for the purpose of forming opinions on the financial statements that <br />collectively comprise the CIty'S basic financial statements~ The accompanying supplementary <br />information is presented for purpose of additional analysis and is not a required part of the basIc <br />financial statements. The supplementary Information has been subjected to the auditing procedures <br />applIed in the audit of the basic financial statements and in our opinionl are fairly stated in all material <br />respects m relahon to the basic financial statements taken as a whole. The introductory section and <br />statistical tables have not been subjected to the auditing procedures applied in the audIt of the basic <br />fmanclal statements and, accordingly.. we express no opinion on them. <br /> <br />~~. f 6:u~ <br /> <br />Oakland, CalifornIa <br />October 22, 2004 <br /> <br />2 <br />