AgdaPkt 2012-01-09 - Laserfiche WebLink

Browse Search

C 6.1. B. - Page 207 L Caporicci & Larson, Inc. ASubsidiary ofMarcum ITP Cert�ed Public Accountants INDEPENDENT AUDITORS' REPORT ON COMPLIANCE To the Board of Directors of t11e City of Redwood City Redevelopment Agency Pedwood City, California Comvliance We 11ave audited the City of Redwood City Redevelopment Agency's (the "Agency") conlpliance wit11 t11e California Health and Safety Code as required by Section 33080.1 for the year ended June 30, 2011. Conlpliance with the requirenlents referred to above is the responsibility of the Agency's managenlent. Our responsibility is to express an opinion on fl1e Agency's compliance based on our audit. We conducted our audit of coinpliance in accordance wit11 auditing standards generally accepted in the United States of Anlerica; the standards applicable to financial audits contained in Goz�ernnient Aitditing St��nc�ards, issued by the Conlptroller General of fl1e United States; and Gi�idelines fo�� Compliance Aitdits of Cali fo��nia Rer�evelopment Agencies, Jirne 2011, issued by the State Controller and as interpreted in the Ai�diting Proce�in�es for Accomplislling Conipli�ance Aitc�its of Cc�liforni« Redez�elopment Agencies, Augi�st 2011, issued by t11e Governmental Accounting and Audituzg Committee of the California Society of Certified Public Accouiltants. Those standards require that we plan and perform t11e audit to obtain reasoilable assura�zce about w11efl1er ilonconlpliance with the compliance requirements referred to above that could have a material effect on the Agency has occurred. An audit includes exainining, on a test basis, evidence about the Agency's conlpliance with those requirenlents and perfornzuzg such other procedures as we considered necessary u1 t11e circunlstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal deternunation of the Agenc�s conlpliance wit11 those requirenlents. In our opulion, t11e Agency complied, in all material respects, with the compliance requirements referred to above that are applicable for the year ended June 30, 2011. However, the results of our auditulg procedures disclosed one instance of noncompliailce with those requirenlents, whicll is required to be reported in accordance with Gitic�elines for Corriplir�nce Audits of California Rec�ez�elopment Agencies, Jl.tne 2011 and which is described in the acconlpanying schedule of findulgs and responses as iten12011-01. Internal Control Over Compliance Management of fl1e Agency is responsible for establishing and maintaining effective uzternal control over conlpliance with the conlpliance requirenlents referred to above. In plarululg and perfornlulg our audit, we considered t11e Agency's internal control over compliance to detern�le the auditulg procedures for the purpose of expressing our opinion on compliance, but not for the purpose of expressing an opinion on the effectiveness of ultenlal control over conlpliance. Accordulgly, we do not express an opinion on the effectiveness of fl1e Agency's iilternal control over compliance. www olcpa.com