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6.1. B. - Page 20 <br /> Appropriation Limit <br /> All Funds Subject to Appropriation <br /> 400 <br /> 350 <br /> 300 <br /> = 250 <br /> � 200 <br /> � 150 <br /> 100 <br /> 50 <br /> FY 2007-08 FY 2008-09 2009-10 2010-11 <br /> Excluding General lmprovement and Proprietary Funds ■ Limit ■ Sub. to Limit <br /> OTHER INFORMATION <br /> Annual Independent Audit <br /> The annual audit of the books and financial records of Redwood City was completed by Caporicci & Larson, a <br /> Subsidiary of Marcum LLP, certified public accountants appointed by the City Council. The independent auditor's <br /> report has been made a part of this report. <br /> Awards <br /> The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in <br /> Financial Reporting to the City of Redwood City for its Comprehensive Annual Financial Report (CAFR) for the FY <br /> ended June 30, 2010. This is the 24 consecutive year that Redwood City has received this prestigious award. In <br /> order to be awarded a certificate of achievement, a government must publish an easily readable and efficiently <br /> organized comprehensive annual financial report. This report must satisfy both generally accepted accounting <br /> principles and applicable legal requirements. A certificate of achievement is valid for a period of one year only. <br /> We believe that our current CAFR continues to meet the certificate of achievement program's requirements and <br /> we are submitting it to the GFOA to determine its eligibility for another certificate. <br /> Acknowledgements <br /> The preparation of this report could not have been achieved without the efficient and dedicated services of the <br /> entire staff of the Finance Department. Special thanks are extended to Alison Freeman for her leadership in <br /> overseeing this process, Kyi Khin, Toni Saldou, Cecilia Lucas, Jennifer Chang, and Rajesh Sewak for their important <br /> contributions, and to Sylvia Peters for her relentless dedication to assembling this document. <br /> I would also like to thank and commend Mayor Alicia Aguirre and the Redwood City Council, and City Manager <br /> Robert Bell for their interest and support in planning and conducting the financial operations of the City in a <br /> responsible and progressive manner in the best interests of the residents of Redwood City. <br /> Respectfully submitted, <br /> � <br /> � <br /> Brian J. Ponty <br /> Director of Finance <br /> City of Redwood City <br /> Redwood City, California <br /> vi <br />