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6.1.F. - Page 30 <br /> Honorable Mayor and Members of City Council <br /> of the City of Redwood City <br /> Redwood City,California <br /> Page Two <br /> Accounting principles generally accepted in the United States of America require that the <br /> management's discussion and analysis and budgetary comparison information on pages 3 through 15 <br /> and 73 through 77 be presented to supplement the basic financial statements. Such information, <br /> although not a part of the basic financial statements, is required by the Governmental Accounting <br /> Standards Board, who considers it to be an essential part of financial reporting for placing the basic <br /> financial statements in an appropriate operational, economic, or historical context. We have applied <br /> certain limited procedures to the required supplementary information in accordance with auditing <br /> standards generally accepted in the United States of America, which consisted of inquiries of <br /> management about the methods of preparing the information and comparing the information for <br /> consistency with management's responses to our inquiries, the basic financial statements, and other <br /> knowledge we obtained during our audit of the basic financial statements. We do not express an <br /> opinion or provide any assurance on the information because the limited procedures do not provide us <br /> with sufficient evidence to express an opinion or provide any assurance. <br /> Our audit was conducted for the purpose of forming opinions on the financial statements that <br /> collectively comprise the City's financial statements as a whole. The introductory section, combining <br /> and individual nonmajor fund financial statements, budgetary comparison information, and statistical <br /> section, are presented for purposes of additional analysis and are not a required part of the financial <br /> statements. The combining and individual nonmajor fund financial statements and the budget <br /> comparison information for non-major governmental funds are the responsibility of management and <br /> were derived from and relate directly to the underlying accounting and other records used to prepare <br /> the financial statements. The information has been subjected to the auditing procedures applied in the <br /> audit of the financial statements and certain additional procedures, including comparing and <br /> reconciling such information directly to the underlying accounting and other records used to prepare <br /> the financial statements or to the financial statements themselves, and other additional procedures in <br /> accordance with auditing standards generally accepted in the United States of America. In our opinion, <br /> the information is fairly stated in all material respects in relation to the financial statements as a whole. <br /> The introductory and statistical sections have not been subjected to the auditing procedures applied in <br /> the audit of the basic financial statements and, accordingly, we do not express an opinion or provide <br /> any assurance on them. <br /> � � �� <br /> Badawi and Associates <br /> Certified Public Accountants <br /> Oakland, California <br /> December 27,2012 <br /> 2 <br />