2 - REVIEW LOW TO MODERATE INCOME HOUSING FUND

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Newport Beach wa 4675 MacArthur Court, Suite 600 Certified Public Accotuttants. Newport Beach, CA 92660 949.221.0025 Sacramento Walnut Creek Successor Agency to the Community Redevelopment Agency Oakland of the City of Santa Ana LA/Century City Santa Ana, California San Diego Independent Accountant's Report on Seattle Applying Agreed-Upon Procedures We have performed procedures enumerated in Attachment A, which were agreed to by the Successor Agency to the Community Redevelopment Agency (Successor Agency) of the City of Santa Ana (City), California, the California State Controller's Office and California Department of Finance (collectively referred to as Specified Parties) solely to assist you in determining the balances available for transfer to taxing entities from assets transferred to the Successor Agency from the Low and Moderate Income Housing Funds of the former redevelopment agency, as prescribed in Section 34179.5 of the California Health and Safety Code (Code). The management of the Successor Agency is responsible for the accounting records. This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of the Specified Parties. Consequently, we make no representation regarding the sufficiency of the procedures described in Attachment A, either for the purpose for which this report has been requested, or for any other purpose. The scope of this engagement was limited to performing the agreed-upon procedures set forth in Attachment A. Attachment A also identifies the findings noted as a result of the procedures performed. We were not engaged to and did not conduct an audit, the objective of which would be the expression of an opinion on the balances available for transfer to taxing entities from assets transferred to the Successor Agency from the Low and Moderate Income Housing Fund of the former redevelopment agency or other financial information presented in the attached exhibits. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of the Successor Agency, California State Controller's Office and the California Department of Finance, and is not intended to be, and should not be used by anyone other than these specified parties. )ha,c,.,, ram.,. s o tn?d Z-e-P Newport Beach, California September 26, 2012 www.mgocpa.com 2-71