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INDEPENDENT! <br />5Lhw͸{REPORT <br />REQUIREDBYOREGONSTATEREGULATIONS <br />TotheHonorableMayor,MembersoftheUrban <br />RenewalAgencyBoardandtheAdministrator <br />CityofEugene,Oregon <br />WehaveauditedthebasicfinancialstatementsoftheUrbanRenewalAgencyΛͻ <br />ƩĬğƓRenewal!ŭĻƓĭǤͼΜ <br />oftheCityofEugene,OregonasofandfortheyearendedJune30,2016,andhaveissuedourreport <br />thereondatedNovember21,2016.Weconductedourauditinaccordancewithauditingstandards <br />generallyacceptedintheUnitedStatesofAmericaand GovernmentAuditingStandards. <br />Compliance <br />AspartofobtainingreasonableassuranceaboutwhethertheUrbanRenewal!ŭĻƓĭǤ͸ƭfinancial <br />statementsarefreeofmaterialmisstatement,weperformedtestsofitscompliancewithcertain <br />provisionsoflaws,regulations,contractsandgrantsincludingprovisionsofOregonRevisedStatutesas <br />specifiedinOregonAdministrativeRules16210000to16210320oftheMinimumStandardsforAudits <br />ofOregonMunicipalCorporations,noncompliancewithwhichcouldhaveadirectandmaterialeffecton <br />determinationoffinancialstatementsamounts.However,providinganopiniononcompliancewiththose <br />provisionswasnotanobjectiveofouraudit,andaccordingly,wedonotexpresssuchanopinion. <br />Weperformedprocedurestotheextentweconsiderednecessarytoaddresstherequiredcommentsand <br />disclosureswhichincluded,butwerenotlimitedtothefollowing: <br />Depositofpublicfundswithfinancialinstitutions(ORSChapter295). <br />Indebtednesslimitations,restrictionsandrepayment. <br />Budgetslegallyrequired(ORSChapter294). <br />Insuranceandfidelitybondsinforceorrequiredbylaw. <br />Programsfundedfromoutsidesources. <br />Highwayrevenuesusedforpublichighways,roads,andstreets. <br />Authorizedinvestmentofsurplusfunds(ORSChapter294). <br />Publiccontractsandpurchasing(ORSChapters279A,279B,279C). <br />InconnectionwithourtestingnothingcametoourattentionthatcausedustobelievetheUrbanRenewal <br />Agencywasnotinsubstantialcompliancewithcertainprovisionsoflaws,regulations,contracts,and <br />grants,includingtheprovisionsofOregonRevisedStatutesasspecifiedinOregonAdministrativeRules <br />16210000through16210320oftheMinimumStandardsforAuditsofOregonMunicipalCorporations. <br /> <br />