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, 2005 and 2004.

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 2.4 M pdf file)
   • Letter of Transmittal
   • Principal Officers
   • Organization Chart
   • Key Performance Measures
   • GFOA Award
2. Financial Section (a 3.5 M pdf file)
   • Independent Auditor's Report on Basic Component Unit Financial Statements
   • Management's Discussion and Analysis
   • Basic Component Unit Financial Statements
     • Statement of Net Assets
     • Statement of Revenues, Expenses, and Changes in Net Assets
     • Statement of Cash Flows
     • Notes to Component Unit Financial Statements
3. Statistical Section (a 0.7 M pdf file)
   • Operating Revenues by Source - Last Ten Fiscal Years
   • Operating Expenses by Function - Last Ten Fiscal Years
   • Capital Assets - Last Ten Fiscal Years
   • Certificates of Participation Coverage - Last Ten Fiscal Years
   • Typical Daily Loads and System Reliability
   • Demographic Statistics
   • Top 10 Customers
   • Miscellaneous Statistics
   • Continuing Disclosure Agreement Information

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.