2 - DUE DILIGENCE ALL FUNDS AND ACCT BALANCES

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SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA Attachment A - Agreed-Upon Procedures and Findings (Continued) Successor Agency, Except its Low and Moderate Income Housing Fund 4) Procedures: A. Obtain from the Successor Agency a summary of the financial transactions of the Redevelopment Agency and the Successor Agency in the format set forth in the attached schedule for the fiscal periods indicated in the schedule. For purposes of this summary, the financial transactions should be presented using the modified accrual basis of accounting. End of year balances for capital assets and long-term liabilities (in total) should be presented at the bottom of the summary schedule for information purposes. B. Ascertain that for each period presented, the total of revenues, expenditures, and transfers accounts firlly for the changes in equity from the previous fiscal period. C. Compare amounts in the schedule relevant to the fiscal year ended June 30, 2010, to the state controller's report (SCR) filed for the Redevelopment Agency for that period. D. Compare amounts in the schedule for the other fiscal periods presented to account balances in the accounting records or other supporting schedules. Describe in the report the type of support provided for each fiscal period. Findings: We noted a difference of $377,495 between the long-term debt reported in the SCR and the amounts reported in the fiscal year 2010 financial statements. The difference is due to bond premiums and discounts and other post employment benefit obligations not reported in the SCR. Financial data for the fiscal periods ending June 30, 2010 and 2011 is supported by the audited financial statements. Financial data for the periods ending January 31, 2012 and June 30, 2012, is supported by Successor Agency accounting records. Please refer to Exhibit E for a summary of the financial transactions. 5) Procedure: Obtain from the Successor Agency a listing of assets, excluding the Low and Moderate Income Housing Find Assets, held by the Successor Agency at June 30, 2012. Agree the assets so listed to recorded balances reflected in the accounting records of the Successor Agency. The listings should be attached as an exhibit to the AUP report. Finding: No exceptions were noted as a result of the procedure performed. Please refer to Exhibit F for a listing of all assets of the Successor Agency, excluding the Low and Moderate Income Housing Fund Assets, held by the Successor Agency at June 30, 2012. G) Procedures: Obtain from the Successor Agency a listing of assets, excluding the Low and Moderate Income Housing Fund Assets, held by the Successor Agency at June 30, 2012, that are restricted for the following purposes: 241