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Alameda County Transportation Commission - Measure F Funds is the audit report required by the Alameda County Transportation Commission (ACTC). Under Measure F, approved by the voters of Alameda County in November 2010, the City receives a portion of the proceeds of the $10 per year vehicle registration fee for funding transportation related projects. Copies of the report are submitted to ACTC to show that the City is in compliance with the requirements governing expenditures of Measure F funds for the year ending June 30, 2013. • Housing Authority of the City of Pleasanton Basic Financial Statements and Independent Auditor's Reports is the financial report prepared by the City and audited by independent auditors to provide reasonable assurance the financial statements are fairly presented in accordance with generally accepted accounting principles in the United States. The Housing Authority is a blended component unit of the City; accordingly, its financial statements are also included in the basic financial statements of the City. The Housing Authority was established in 1943 for the purpose of providing and maintaining affordable housing within the City. DISCUSSION The Audit Committee (Committee) met on February 12, 2014 to review the 2012/13FY CAFR and related audit reports. Council members Cheryl Cook-Kallio and Karla Brown serve on the Audit Committee along with the City Manager and the Director of Finance. The Committee discussed the audit reports. Findings by the auditors concerning internal control procedures or operations are also normally presented during these meetings. This year the auditors did not have any concerns or comments that were of significance that warranted a separate report to the Committee. Submitted by: Approved by: Emily E. Wagner Nelson Fialho Director of Finance City Manager Page 3 of 3