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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 7) Procedures: A. 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 not liquid or otherwise available for distribution (such as capital assets, land held for resale, long- term receivables, etc.), and ascertain if the values are listed at either purchase cost (based on book value reflected in the accounting records of the Successor Agency) or market value, as recently estimated by the Successor Agency. B. If the assets listed at 7A are listed at purchase cost, trace the amounts to a previously audited financial statement (or to the accounting records of the Successor Agency) and note any differences. C. For any differences noted in 7B, inspect evidence of disposal of the asset and ascertain that the proceeds were deposited into the Successor Agency host find. If the differences are due to additions (this generally is not expected to occur), inspect the supporting documentation and note the circumstances. D. If the assets listed at 7A are listed at recently estimated market value, inspect the evidence (if any) supporting the value and note the methodology used. If no evidence is available to support the value and/or methodology, note the lack of evidence. Findings: No exceptions were noted as a result of the procedures. Please refer to Exhibit H for the listing of Successor Agency's assets other than cash and cash equivalents, excluding the Low and Moderate Income Housing Fund Assets, held by the Successor Agency at June 30, 2012. 8) Procedures: A. If the Successor Agency believes that asset balances, excluding the Low and Moderate Income Housing Fund Assets held by the Successor Agency, need to be retained to satisfy enforceable obligations, obtain from the Successor Agency an itemized schedule of asset balances (resources) as of June 30, 2012, that are dedicated or restricted for the finding of enforceable obligations and perform the following procedures. The schedule should identify the amount dedicated or restricted, the nature of the dedication or restriction, the specific enforceable obligation to which the dedication or restriction relates, and the language in the legal document that is associated with the enforceable obligation that specifies the dedication of existing asset balances towards payment of that obligation. i. Compare all information on the schedule to the legal document that forms the basis for the dedication or restriction of the resource balance in question. ii. Compare all current balances to the amounts reported in the accounting records of the Successor Agency or to an alternative computation. iii. Compare the specified enforceable obligations to those that were included in the final Recognized Obligation Payment Schedule approved by the California Department of Finance. 2-13