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Opinions <br />Inouropinion,thefinancialstatementsreferredtoabovepresentfairly,inallmaterialrespects,the <br />respectivefinancialpositionofthegovernmentalactivitiesandeachmajorfundoftheUrbanRenewal <br />AgencyasofJune30,2016,andtherespectivechangesinfinancialpositionfortheyearthenendedin <br />accordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica. <br />OtherMatters <br />RequiredSupplementaryInformation <br />AccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericarequirethattheƒğƓğŭĻƒĻƓƷ͸ƭ <br />discussionandanalysisΛͻa5ε!ͼΜonpages7through11andthebudgetarycomparisoninformationfor <br />theGeneralFundandRiverfrontSpecialRevenueFundonpages33and34bepresentedtosupplement <br />thebasicfinancialstatements.TheMD&A,althoughnotapartofthebasicfinancialstatements,is <br />requiredbytheGovernmentalAccountingStandardsBoard,whoconsidersittobeanessentialpartof <br />financialreportingforplacingthebasicfinancialstatementsinanappropriateoperational,economic,or <br />historicalcontext. <br />WehaveappliedcertainlimitedprocedurestotheMD&Ainaccordancewithauditingstandardsgenerally <br />acceptedintheUnitedStatesofAmerica,whichconsistedofinquiriesofmanagementaboutthemethods <br />ƓƷ͸ƭ <br />ofpreparingtheinformationandcomparingtheinformationforconsistencywithmanageme <br />responsestoourinquiries,thebasicfinancialstatements,andotherknowledgeweobtainedduringour <br />auditofthebasicfinancialstatements.Wedonotexpressanopinionorprovideanyassuranceonthe <br />MD&Abecausethelimitedproceduresdonotprovideuswithsufficientevidencetoexpressanopinionor <br />provideanyassurance. <br />Ourauditwasconductedforthepurposeofformingopinionsonthefinancialstatementsthatcollectively <br />comprisetheUrbanRenewal!ŭĻƓĭǤ͸ƭbasicfinancialstatements.Thebudgetarycomparisoninformation <br />fortheGeneralFundandRiverfrontSpecialRevenueFundonpages33and34arepresentedforpurposes <br />ofadditionalanalysisandarenotarequiredpartofthebasicfinancialstatements. <br />Thebudgetarycomparisoninformationistheresponsibilityofmanagementandwasderivedfromand <br />relatesdirectlytotheunderlyingaccountingandotherrecordsusedtopreparethebasicfinancial <br />statements.Suchinformationhasbeensubjectedtotheauditingproceduresappliedintheauditofthe <br />basicfinancialstatementsandcertainadditionalprocedures,includingcomparingandreconcilingsuch <br />informationdirectlytotheunderlyingaccountingandotherrecordsusedtopreparethebasicfinancial <br />statementsortothebasicfinancialstatementsthemselves,andotheradditionalproceduresin <br />accordancewithauditingstandardsgenerallyacceptedintheUnitedStatesofAmerica.Inouropinion, <br />thebudgetarycomparisoninformationisfairlystated,inallmaterialrespects,inrelationtothebasic <br />financialstatementsasawhole. <br />OtherInformation <br />Ourauditwasconductedforthepurposeofformingopinionsonthefinancialstatementsthatcollectively <br />comprisetheUrbanRenewalAgeƓĭǤ͸ƭbasicfinancialstatements.Theothersupplementaryinformation <br />(pages37through40)ispresentedforpurposesofadditionalanalysisandisnotarequiredpartofthe <br />financialstatements. <br />Thisinformationistheresponsibilityofmanagementandwasderivedfromandrelatedirectlytothe <br />underlyingaccountingandotherrecordsusedtopreparethefinancialstatements.Suchinformationhas <br />beensubjectedtotheauditingproceduresappliedintheauditofthebasicfinancialstatementsand <br />certainadditionalprocedures,includingcomparingandreconcilingsuchinformationdirectlytothe <br />underlyingaccountingandotherrecordsusedtopreparethebasicfinancialstatementsortothebasic <br />financialstatementsthemselves,andotheradditionalproceduresinaccordancewithauditingstandards <br /> <br />