1. 1

2. AGENDA Required Reports Review Results Next Steps Contacts Questions

3. REQUIRED REPORTS Agreed-Upon Procedures Report (AUP) Due Date: October 1, 2012 Asset Transfer Assessment Forms Due Date: April 15, 2012 Due Diligence Report Due Date: 10/01/12 – Low Mod Fund 12/17/12 – All Other Funds

4. ASSET TRANSFER ASSESSMENT REPORTS - STATUS AND RESULTS REPORTS Received 328 / 402 (82% Return Rate) 174 / 328 (53% Reported Questionable Transfers) Asset value $9.9B Potential Questionable Transfers $6.5B

5. ASSET TRANSFER REVIEW FINDINGS RDA assets not transferred to successor agency Unallowable assets transferred to city Unallowable assets transferred to a Economic Development Corporation or like kind

6. NEXT STEPS Asset Transfer Reviews Collect and Review AUPs Property Tax Audits - Hold

7. STATE CONTROLLER’S OFFICE DIVISION OF AUDITS CONTACT INFORMATION SCO Website: www.sco.ca.gov STEVEN MAR, CHIEF LOCAL GOVERNMENT AUDITS BUREAU (916) 324-7226 SMAR@SCO.CA.GOV BETTY MOYA, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (916) 445-4989 BMOYA@SCO.CA.GOV MOISES LAUREL, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (916) 323-9271 MLAUREL@SCO.CA.GOVMLAUREL@SCO.CA.GOV SCOTT FREESMEIER, MANAGER LOCAL GOVERNMENT AUDITS BUREAU (323) 981-6808 SFREESMEIER@SCO.CA.GOV

8. QUESTIONS 8