We are pleased to transmit the Comprehensive Annual Financial Report (CAFR) of the City of Alameda, Alameda Power & Telecom (Alameda P&T) for the fiscal years ended June 30, 2004 and 2003.

You can download the complete Comprehensive Annual Financial Report (a 7.5 M pdf file), or the section(s) in which you are specifically interested:

1. Introductory Section (a 0.5 M pdf file)
2. Financial Section (a 0.5 M pdf file)
3. Statistical Section (a 1.2 M pdf file)

Responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with Alameda P&T. We believe that the data presented is accurate in all material respects, that it is presented in a manner designed to fairly set forth the financial position and the results of operations of Alameda P&T, and that all disclosures necessary to gain an understanding of Alameda P&T's financial activity are included.

Information in the CAFR has not been updated for developments subsequent to the date of the independent auditor's report.