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Honorable Mayor and Members of City Council 7.1. G. - Page 30 <br /> of the City of Redwood City <br /> Redwood City, California <br /> Page 2 <br /> We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for <br /> our audit opinions. <br /> Opinions <br /> In our opinion, the financial statements referred to above present fairly, in all material respects, the <br /> respective financial position of the governmental activities, the business -type activities, each major <br /> fund, and the aggregate remaining fund information of the City, as of June 30, 2013, and the respective <br /> changes in financial position, and, where applicable, cash flows thereof for the year then ended in <br /> accordance with accounting principles generally accepted in the United States of America. <br /> Other Matters <br /> Required Supplementary Information <br /> Accounting principles generally accepted in the United States of America require that the <br /> management's discussion and analysis, budgetary comparison information and schedules of funding <br /> progress for pension and other post - employment benefit plans be presented to supplement the basic <br /> financial statements. Such information, although not a part of the basic financial statements, is required <br /> by the Governmental Accounting Standards Board, who considers it to be an essential part of financial <br /> reporting for placing the basic financial statements in an appropriate operational, economic, or <br /> historical context. We have applied certain limited procedures to the required supplementary <br /> information in accordance with auditing standards generally accepted in the United States of America, <br /> which consisted of inquiries of management about the methods of preparing the information and <br /> comparing the information for consistency with management's responses to our inquiries, the basic <br /> financial statements, and other knowledge we obtained during our audit of the basic financial <br /> statements. We do not express an opinion or provide any assurance on the information because the <br /> limited procedures do not provide us with sufficient evidence to express an opinion or provide any <br /> assurance. <br /> Other Information <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 introductory section, general fund <br /> comparative statements, combining and individual nonmajor fund financial statements, budgetary <br /> comparison information for non -major funds, and statistical section, are presented for purposes of <br /> additional analysis and are not a required part of the basic financial statements. The schedule of <br /> expenditures of federal awards is presented for purposes of additional analysis as required by U.S. <br /> Office of Management and Budget Circular A -133, Audits of States, Local Governments, and Non -Profit <br /> Organizations, and is also not a required part of the basic financial statements. <br /> 2 <br />