HomeMy WebLinkAboutAgenda Bill 5.D-Attch1 05/17/2004City of
Proposal to Perform
Professional Auditing Services
for the fiscal year ending June 30, 2004
with renewal options for June 30, 2005 through June 30, 2008
Submitted April 20, 2.004
Contact Person
Stephen L. Larson
Caporicci & Larson
Certified Public Accountants
180 Grand Avenue; Suite 1365
Oakland, California 9.4612
Toll Free Telephone: (877);862-2200, ext.125
C&L
Caporicci & Larson
Certified 'Public Accountants
CITY OF PETAL.UMA
Table of Contents
Pa,e
TECHNICAL PROPOSAL
Letter of Transmittal . 1
Summary of Technical Proposal 7
Summary of Firm's Experience
13
Independence, License to Practice, and Insurance
15
Firm Qualifications and Experience
19
- About the Firm
21
- Accounting and Auditing Experience
22
Quality Control Review Letter
25
Partner, Supervisory and Staff Qualifications and Experience
29
Audit Approach and Methodology
41
Objectives and Approach
43
- Objectives of Our Services
45
- Approach
45
Understanding of Requested Services
49
Timing
53
Audit Schedule
55
References 61
No Fee Services 65
Conclusion 69
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Caporicci & Larson
Ge tifiied Public Accountants
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April � p , 2004
Ms. Cinde Rubaloff, Accounting Manager
Finance Department
City of Petaluma
PO Box 11
Petaluma, California 94953
Dear Ms. Rubaloff:
The accounting firm of Caporicci & Larson, Certified Public Accountants, a partnership, (the
Firm) is pleased to have the opportunity to respond to your request - for a proposal to perform
auditing services and to submit its qualifications to perform a general audit of the financial
records of the City of Petaluma and related entities (the; "City ") for the fiscal year ending
June 30, 2004 with the option to audit the City's financial statements for each of the four
subsequent fiscal years. The objective of our audit is to issue an opinion regarding the
fairness of presentation of the City's financial position in accordance with generally accepted
accounting principles. The audit to be performed will follow generally accepted auditing
standards, The Transportation Development Act, U.S. General Accounting Office's
® Government Auditing Standards, Single Audit Act of 1984, as amended in 1996, and OMB A-
133.
This proposal will introduce our Firm to you, highlight the background of the partners and
staff assigned to the engagement, summarize our experience in the governmental area, and
describe our approach to auditing the City.
This proposal demonstrates our ability' to render the quality examination and to perform the
necessary accounting and auditing services requested by the City on a timely basis.
Understanding of f Requested Services
The City desires an audit and expression of an opinion in accordance with generally accepted
accounting principles on the fairness of presentation of financial statements for the City, and
Petaluma Community `Development Commission (the "PCDC "), as well as compliance
reports on Transportation. Development Act, Single Audit, and GANN for the fiscal years
ending June 30, 2004 with the optionto audit for each of the four subsequent fiscal years.
The City also requires an , "in- relation to" opinion on the presentation of its combining and
individual fund and account group financial statements and schedules in conformity with
generally accepted accounting principles.
Toll Free Ph: (877) 862=2200
Oakland Orange County
180 Grand Ave., Suite 1365 3184 =D Airway Avenue
Oakland, California 94612 Costa`,Mesa, California 92626
Toll Free Fax: (866) 436 -0927
Sacramento San Diego
777 Campus Commons Rd., Suite 200 600 'B" Street, Suite 1900
Sacramento, California 95825 San Diego, California 92101
Ms. Cinde Rubaloff, Accounting Manager
City of Petaluma
April 20, 2004
Page Two
All audit work and the resulting final opinions and financial reports are to be completed and
,issued no later than the published time frames as noted in the Request for Proposal
(the "RFP ").
The audit of these financial statements shall be conducted in accordance. with generally
accepted auditing standards as set forth by the American Institute of Certified. Public
Accountants, the standards for financial audits set, forth in the U.S. General Accounting
Office's Government Auditing Standards, various standards established by the Government
Accounting Standards Board.
The preparation of any financial reports will be consistent with requirements of CSMFO and
GFOA certification. procedures and guidelines.
The Firm will review the City's GANN Appropriations Limit calculations 'for
appropriateness and accuracy.
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The City receives levels of federal financial assistance which requires an, . audit to be
conducted in accordance with the Single Audit Act of 1984, as amended in 1996, and OMB
Circular A -133, as amended, relating to compliance with various laws and regulations and •
proper internal control. Reports are to be issued by the Firm indicating amount of federal
financial. assistance, description of the various specific federal assistance programs in which
the City participates either directly or as a pass- through agency, degree of compliance with
appropriate laws and regulations, quality of the internal control structure, and reportable
conditions and findings, if any.
Should any conditions be, discovered requiring corrective action, the Firm will provide, A.
detailed description of the findings and recommended actions as to their resolution.
The Firm will submit a letter to management detailing reportable conditions found during
the audit. Non- material instances of noncompliance shall be reported in a separate
management letter, . if appropriate, and any other observations or recommendations
determined to be informative to City management.
The Firm will be available to provide , advice and counsel regarding significant matters
during the year.
`The Firm's Partners and .Staff 'welcome the opportunity to make presentations to the City .
Council and will be ready to respond to questions from the Council and Citizens of the City.
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Ms. Cinde Rubaloff, Accounting. Manager
City. of Petaluma
April 20, 2004
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As a Partner of the Firm, I will be the primary contact for negotiation of the contract.
Additionally, I have been authorized to legally bind the Firm. You may contact me at the
following address and phone number:
Stephen L. Larson
Caporicci & Larson
Certified Public Accountants
180 Grand Avenue, Suite 1365
Oakland, California 94612
Toll Free Telephone: (877) 862 -2200, ext. 125
We are committed to performing the required work, completing the audit, and issuing the
necessary auditors' reports prior to the City's published time frames and commit to you that
we will perform the work within. the time; frames required.
We believe we are the best qualified to perform the .audit because our audit staff includes
individuals well versed in municipal auditing and reporting requirements. We have
performed auditing and consulting engagements for numerous cities throughout California.
The Engagement Partner assigned to the C Ms. Nasi Rais has performed numerous
audits of governmental entities as well as served as Finance Manager for the City of
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Sunnyvale. The Technical Partner assigned to the City, Mr. Gary Caporicci is a member of
} .,various governmental committees, . has actively participated in the development of
accounting and audit guidelines and standards for the governmental sector, and serves as a
national reviewer for the GFOA. Additionally, we are responsive to the needs of the City,
understand the City's operational environment, and pledge to you our complete
1 commitment to providing a quality product that.meets the City's requirements.
This proposal is a firm and irrevocable offer and will remain valid for 60 days after the date
of this letter.
We. are confident you will find our organization offers the required expertise, technical
knowledge, and business understanding to perform an - audit of the City. Our past
experience provides us with a thorough understanding of the needs and requirements of the
City, as well as the, technical knowledge to perform such services in accordance with the
accounting and auditing guidelines as published by the various authoritative entities.
We welcome your inquir and look forward to further discussions with you.
Sincerely,
Stephen L. Larson
Senior Partner
Caporicci & Larson
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Summary of Proposal
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CITY OF PETALUMA
Summary of Technical Proposal
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Introduction
This Summary is presented to provide you with a general knowledge of the contents of the
proposal and to allow you to quickly:
• gain an understanding of our Firm
• review the qualifications of the members of the Engagement Team
• identify the Firm's approach to the audit of the City of Petaluma (the "City ")
• identify services provided to the City at no additional cost
Firm Oualif ications
The accounting firm of Caporicci & Larson, Certified. Public Accountants (the "Firm "), provides
auditing, accounting, and advisory services to numerous governmental entities .throughout
California. With offices located in Oakland, Sacramento, Costa Mesa and San Diego and a staff
of 46 professionals, the Firm serves a variety of cities and counties throughout California as well
as conducting financial related services for the State of California. Names and phone numbers of
several of our current clients and other references are provided for your inquiries. We
encourage you to contact these individuals to obtain information on the quality of the audit and
the ability of the audit staff.
Our Oakland office will be. the Engagement Office assigned to the City.
In addition to specific city financial statements, the Firm has also audited numerous
redevelopment agencies, transportation authorities, public financing authorities, special
districts, OCJP grants, self insurance pools, joint power authorities and has also performed
numerous compliance audits in accordance with the TDA regulations, Single Audit Act, TOT
audits, franchise audits, and other special projects.. Additionally, the 'Firm has significant
experience in bond offerings, post closure landfill costs, and recent changes to redevelopment
reporting requirements.
Several of our city clients currently receive the GFOA and CSMFO awards for reporting
excellence.
The Firm is a member of the Private Companies Practice Section of the AICPA and received a
positive peer review report on -its system of quality control.
The five Partners of the Firm have over 100 years of practical experience encompassing all
aspects of the financial arena. For over 8 years, Ms. Raissian, the Engagement Partner assigned
to the City, has been actively involved in the governmental area providing auditing and
consulting services to a varied group of governmental clients. Additionally, Ms. Raissian .
served for 2 years as the Finance Manager for the City of Sunnyvale. For eleven years, Mr. Gary
M. Caporicci, the assigned Technical Partner for the City, held various positions with
Coopers & Lybrand (currently PriceWaterhouse /Coopers) including its head of the
governmental audit practice for the Southwest Region of the United States responsible for
offices located in Houston, Austin, New Orleans, and Oklahoma City. Gary is also a national
reviewer for the GFOA and has literally participated in hundreds of city audits of all sizes.
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CITY OF PETALUMA
Summary of `Technical Proposal
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Firm policy requires that the Engagement Partner, during the first year of, the engagement, be
actively involved in the daily fieldwork. This means to the City that Nasi will actually be on-
site during much of the audit coordinating the audit process, supervising the audit staff,
gaining a hands -on understanding of City processes, and benefiting the City with her broad
municipal experience. We have found that this° effort benefits the City and the Firm through
developing a thorough - knowledge of City practices and issues and establishing a close; working
relationship with the. City's Management. Additionally, continuity of audit personnel is
assured because of the hands on involvement of the Partner.
The four professional staff assigned to the Engagement are qualified and experienced. Each
individual of the Engagement Team has several years of experience and has conducted or
participated in numerous municipal - audits of various sizes. Their understanding of city
operations and the various authoritative guidelines will provide the where -with -all to perform
the audit in an efficient and effective manner with minimal disruption to the City's ,finance
department.
Technical, Approach
The approach to the audit has been designed to meet the audit requirements of the various
authorities with the least disruption to the City's office operations. The foundation of the audit
approach is based on communication coupled with a strong knowledge of City operations and
detailed planning at 'the initial stages of the audit. Open communication lines with all parties
of the Engagement 'Team and City Management and staff throughout the engagement eliminate
''surprises ". Initial planning and proper assignment of duties to experienced personnel provide
for an effective and efficient audit process. Consequently, inefficiencies, disruptions, and lack
of understanding are kept to a minimum.
The audit approach will consist of four phases:
Initial Planning_ .Meeting:
The Partner and Manager will meet with City Management to discuss
audit approach, identify specific needs of City Management, and
familiarize themselves with City policies and practices.
Interim:
For two weeks in May /June, ,four Engagement. Team members
including the Engagement Team - Partner will perform the internal
control reviews, test transactions, evaluate compliance with.. Single
Audit- Act requirements, identify potential audit issues that need to be
addressed, perform limited confirmation procedures, and develop a
clear understanding, .between the Engagement Team and City
Management of the year end audit responsibilities and assignments.
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CITY OF PETALUMA
Summary. of Technical `Pro.posal
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Year end:
For two weeks in October, four Engagement Team members including
the Engagement Team Partner will conduct validation procedures on
general ledger account balances, complete confirmation procedures,
perform analytical procedures on revenue and expenditures, perform
search for unrecorded liabilities, complete compliance work on Federal
Assistance, and wrap up audit field work.
Reporting:
Auditor's reports for all City reporting entities and compliance
requirements will be finalized along with Single Audit Reports and
Management Letter: comments. Drafts of the. various financial
statements and reports will be reviewed by the, Firm. The Partner and
Manager will be available to make a presentation to:'the City Council.
The audit process will be completed and all reports issued within the time frames established by
V the City. Additionally, we will automatically review the financial_ reports for compliance with
GFOA and CSMFO reporting guidelines at no additional cost to the City.
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"No Fee" Services
The Firm will provide other services at no additional cost to the City:
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• The Firm will provide the City with at least 20 hours of consulting service in each of the
audit years at no cost to the City._
• The Firm will provide periodic updates to City Management on recent developments in
governmental accounting and reporting at no cost to the City.
• The Firm will perform the -agreed upon procedures to review the GANN Appropriations
Limit 'calculations at. no cost to the City.
• The Firm will provide responses to routine questions by City staff throughout the year to
assist in the running of City operations and implementation of improved operating
procedures at no cost to the City.
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CITY OF PETALUMA
Summary of Technical Proposal
Conclusion
A relationship with the City of Petaluma. will be of great value to our Firm and we stand ready
to commit our resources, knowledge, experience, and expertise to the benefit of your City. We
possess the technical qualifications and experience to provide the level of service desired and
expected by you and pledge to you our .complete commitment to providing, the City of
Petaluma with the highest quality of service possible.
Thank you for allowing us to present our firm.
Oakland California .
April 20, 2004 -
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Summary of Fir's Ex to e
perienc
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Independence
License t® Practice
Insurance
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CITY OF PETALUMA
Independence, License to Practice, and Insurance
Independence
The Firm meets the independence requirements as established by the American Institute of
Certified Public Accountants and the California State Society of Certified Public Accountants
as promulgated in various auditing and professional standards. Additionally, the Firm is
independent of all component units of the City as defined by those standards.
The Firm has had no professional relationships involving the City or any of its component
units.
The Firm will provide the City written notice of any professional relationships entered into
during the period of this agreement.
The Firm has not been accused of. any sub - standard work- or performance. In fact, clients
have repeatedly praised Firm personnel ,for their professional approach to the performance of
their duties and the sensitivity to client operating requirements.
License to Practice in California
• The Firm and all key professional staff assigned to the City's au'dit are properly licensed to
practice as Certified Public Accountants in the State of California.
The Firm is registered with the AICPA and the State Society of CPA's. Its State number is
5891.
The Firm has met all required State and local laws, rules, and regulations.
Insurance
All Firm personnel are covered by Workers' Compensation Insurance to the extent required
by law.
The Firm maintains various insurance .policies including $1 million in professional liability
and $3 million in general liability. Prior to execution of a contract with the City, the Firm will
record the City as an additional insured and provide evidence of such coverage and action.
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I Firm Ou.alificatioins and Experience it
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CITY OF PETALUMA
j Firm Qualifications and Experience
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About the Firm
The Firm has offices located in Oakland, Sacramento, Costa Mesa and San Diego, California
and, since 1989, provides a 'full' range of accounting services to governmental agencies and
private sector organizations throughout California including audit, tax, accounting,
computer audit assistance, and business and management advisory services. The five
partners combined have over '100 years of practical experience encompassing all aspects of
the financial arena. Forty -six (46) staff members provide the financial background and
specific experience to meet the City's operational needs:
Our Oakland office, which employees fourteen (14) professional staff will perform the
requested services for the City. However, additional staff from our Costa Mesa, San Diego,
and Sacramento offices may also be assigned to the engagement at no additional cost to the
City.
Firm policy requires the Partners, during the first year of the engagement, to be actively
involved in the daily fieldwork. This policy guarantees the proper and efficient performance
of the audit process, educates the Partners as to City processes and issues, and provides the
® City with on -site expertise in the areas of governmental auditing, accounting, compliance,
and current developments. Consequently, two Partners with over .30 years experience and
four professionals with combined experience of over twenty years will be assigned full time
to perform the audit requirements of the City during the current. year. In subsequent years,
the Manager will be responsible for daily fieldwork and the Partners' role will evolve to on-
site supervision, direction, review, addressing of compliance issues and update of City staff
on current developments. Additionally, because of the importance of the City's audit to the
development of our Firm, a second partner will be actively involved with the audit, serving
as Technical Partner and providing technical expertise.
We are committed to providing appropriate and related experience, personal involvement,
and a broad business perspective to produce a quality end product within . the time frames
required.
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CITY OF PETALUMA
Firm Qualifications and Experience
Accounting and Auditing Experience
The following is. a ap rtial list of selected clients for which accounting services have been
provided. The Firm has had no federal or state disciplinary actions taken against it over the
15 years of its existence. Quite the contrary, the Firm has been congratulated on several
occasions on its excellent approach to servicing clients and meeting the various regulatory
and compliance requirements.
Governmental
• City of' Fremont, California
• Fremont Redevelopment Agency, Fremont California
City of Huntington Beach, California
City of Sunnyvale California
Sunnyvale Redevelopment. Agency Sunnyvale, California
City of San Mateo California
San Mateo Redevelopment Agency, San Mateo, California
City of Vacaville, California
Vacaville Redevelopment Agency, Vacaville, California
City of Richmond, California
City of Vallejo, California
• Vallejo Redevelopment Agency, Vallejo, California
• Vallejo Public Financing Authority, Vallejo, California
• City of'Fairfiel'd, California
• Fairfield Redevelopment Agency, Fairfield, California
• City of',Hercules, California
• Hercules Redevelopment Agency, Hercules, California
• City of ..San Leandro, California
• San, Leandro Redevelopment. Agency, San Leandro, California
• City of Los Altos; California
• City of Menlo Park, California
• Belle,Heaven Child Care, Menlo Park, California
• Menlo Park Redevelopment Agency, Menlo Park, California
City of Eureka, California
Eureka Redevelopment. Agency, Eureka, California
Eureka Hazardous, Waste Management Authority, Eureka, California
Town of Danville, California
Danville Community Development Agency, Danville, California
Danville Lighting and Assessment District, California
Danville Public Financing Authority, Danville, California
City of Ceres, California
Ceres Redevelopment Agency, Ceres, California
City of Placerville, California
Placerville Redevelopment Agency, Placerville, California
City of Reedley, California
Reedley Redevelopment Agency, Reedley, California
• County of Colusa, Colusa, California
• Colusa County Justice Court, Colusa, California
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CITY OF PETALUMA
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Firm' Qualifications and Experience
Governmental (continued)
• County of Modoc, Alturas, California
• Modoc County Justice Court, Alturas, California
• County of Del Norte, Crescent City, California
• Del Norte Justice Court, Crescent City, California
• City of Hermosa Beach, California
• City of Shafter, California.
• Shafter Redevelopment Agency, Shafter, California
• Bertsch -Ocean View Community Service District, Crescent. City, California
• Big Rock Community Service District, Crescent City, Calif orrua
• Church Tree Community Service District, Crescent City, California
• Crescent Fire Protection. District; Crescent City, California
• Fort Dick Fire Protection District, Crescent City, California.
• Gasquet Community Service :District, Crescent City,'California
• Hunter Valley Community Service District, Crescent City., California.
• Klamath Community Service District, Klamath, California .
• Klamath Fire Protection. District, Klamath, California
• Redwood Park Community Service District; Crescent City, California.
• Smith River Community Service District, Smith River, California
• Smith River Fire Protection District, Smith River California
• Smith River Cemetery District, Smith River, California
• California Maritime Academy, Vallejo, California
Non- Profit Organizations
• Stanford University, Palo Alto, California
• United Way, Oakland, California
• March of Dimes, Oakland, California
• The World Trade Center Association. of Orange County, Irvine, California
• Fullerton, Arboretum Authority, - Fullerton, California
• The Master Chorale of Orange County, Costa Mesa, California
• California State University = Fullerton, Fullerton, California
• Rossmoor Leisure World, Walnut Creek, California
• Skaggs Foundation, Oakland, California
• ACTS For Children, Bloomington, California
• 2nd Life Foundation, Los Angeles, California
• Santa Ana Economic 'DevelopmentCorporation, Santa Ana, California
• KPBX Public Radro,'Spokane Washington
• Texas Tech University, Lubbock, Texas
Additional Activities
j The Partners have conducted training and educational seminars and classes on municipal
' and not - for- profit accounting requirements and processes for the American Institute of
Certified Public Accountants, the California State Society of Certified Public Accountants,
Sonoma State University; University of California - Irvine, National University and
University of Phoenix.
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CITY OF PETALUMA
Firm Qualifications and Experience
We offer the full range of accounting and finance services to the governmental sector. These
services include:
.,Financial audits
. Compliance audits
• Tax advice.
. Cost allocation and indirect cost rate studies
Development of financial and accounting ,policies and procedures
Investment review and compliance evaluation .
• Financial;analysis regarding bond offerings
• Comfort letters
• Operational reviews
• Data processing reviews and, studies
• Technical guidance on existing and upcoming accounting issues
• Training seminars
Consequently, Firm personnel have conducted numerous internal control reviews; EDP
system reviews'. and studies, finance personnel evaluations, organizational structure
evaluations, compliance audits (State and Federal), short -term and long -term business plans,
property and equipment inventories, and investment portfolio evaluations
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I Ottalitv,Control Review . I
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CITY OF PETALUMA
} Quality Review Letter
uality Control Review
The Firm is a member of the AICPA Quality Review .Program. The program is designed to
identify weaknesses in policies and procedures relating to the conduct of accounting services.
In 2002, another quality review of the Firm's policies, practices, and procedures was
conducted. The reviewers made an independent assessment of the Firm's quality control
policies and procedures and inspected the working papers and reports on a representative
sample of accounting and auditing engagements. The Firm's administrative files and records
were also reviewed and our professional personnel interviewed.
After thorough study of the Firm''s procedures and work practices, the reviewers concluded
that our firm complies with the stringent quality control standards established by the
American Institute of CPA's (AICPA).
1 In evaluating the Firm's quality controls, a quality reviewer . considers, among other things,
what a firm does to ensure it hires only qualified people, that it properly supervises them and
provides professional training, that it advances them to responsibilities they are capable of
1 handling and that it provides them with necessary technical resources.
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Using guidelines established by the AICPA, the reviewers determined that the Firm has an
effective quality control system and that our accounting and auditing work conforms to
professional standards.
Our continued participation in periodic quality reviews, and our voluntary membership in
the AICPA and California. Society of CPAs support the Firm's commitment to quality and our
high standards for client service.
There have � not been any state or federal disciplinary actions taken or pending against the
Firm nor have there been any negative federal or state desk review findings to report.
The reviewer's report follows.
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DENNIS E. DECAL ER, CPA
JOH LERI.AS, CPA
STEPHEN C. ) Qk
EMIDIo DELCONTE, CPA
To the Partners
CAPORICCI & LARSON, CPAs
Costa Mesa, California
We have reviewed the system of quality control for the accounting and
auditing practice of Caporicci &'Larson, CPAs (the firm) in effect
for the year ended December 31, 2001. A system of quality control
encompasses the firm's organizational structure and the policies
adopted and procedures established to provide it with reasonable
assurance of conforming with professional 'standards. The elements
of quality control are described in the Statements on Quality Control
Standards. issued by the .American Institute of Certified Public
Accountants (AICPA). The��design of the system and compliance with
it are the respons- ibility of the firm. Our responsibility is to
express an opinion on the design of the system, and the firm's
compliance with the system based on our review.
Our review. was conducted in accordance with standards established by
the Peer Review Board of the AI.CPA In performing our review, we
obtained an understanding of the system of quality control for the
firm's accounting and 'auditing - practice. In addition, we tested
compliance with the firm's quality control policies and procedures
to the extent we considered appropriate. These tests covered the
application of the firm's policies and procedures on selected
engagement's, Because our review was based on selective tests, it
would not necessarily disclose all weaknesses in the system of
quality control or all instances of lack of compliance with it.
Because there are inherent limitations in the effectiveness of any
system of quality control, departures from the system may occur and
not be detected. Also,, projection,of any evaluation of a system of
quality control 'to 'future periods is subject to the risk that the
system of quality, control may become inadequate because of changes
in conditions;, or because the degree of compliance with the policies
and procedures may deteriorate.
In our opinion, the system of quality,control for the accounting and
auditing practice of Caporicci & Larson, CPAs in ef fect for the year
ended December 31, 2001, has been designed to meet the requirements
of the quality control standards for an accounting and auditing
practice established by the AI'GPA and was complied with during the
year then ended to provide the firm with reasonable assurance of
conforming with professional standards.:.
CTKc :DXCaUj.,CJ/---'
Partner, Supervisory and Staff
Qualifications and Experience
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CITY OF PETALUMA
Partner, Supervisory and Staff:Qualifications and Experience
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The Engagement Team will normally consist of six individuals who provide a broad business
perspective and significant experience in governmental and-non- profit auditing. This team
will provide access to a wide range of technical capabilities which will provide the City with
f not only the technical support necessary to perform the audit, but also the broad business
background to interpret findings and observations, to offer effective solutions to issues, and
I the personal involvement of the partners of the Firm.
It is Firm policy to require the Engagement Partner, during the first year of the engagement,
to be actively involved in the daily fieldwork. This policy guarantees the proper and efficient
performance of the audit process, educates the Partner as to City processes and issues, and
provides the City with on -site expertise, in the areas of governmental auditing, accounting,
and current developments.
The Engagement Team will be led by Nasi Raissian, MBA, CPA a partner of the Firm, who
has over fifteen years of audit and business experience. Her diversified background offers
the technical qualities required of the governmental`.and non - profit areas and the necessary
where - with -all to properly evaluate the entire accounting process, develop opportunities to
improve the accounting process, and to offer practical business recommendations.
The second member of the Engagement Team is Gary M. Caporicci, CGFM, CPA, a partner of
the Firm. Gary's background includes over thirty years of audit and business experience
encompassing both the public and .non - profit sectors. Gary, over the years, has been active in
' the California State Society of Certified Public Accountants' Municipal Accounting
Committee where he developed several municipal' accounting guidelines, the Municipal
Accounting Officers Association, and the GFOA where he serves as a national financial
statement reviewer. Gary also teaches municipal accounting courses at a local university. He
will serve as Technical Partner.
The third member of the Engagement Team is Ahmed Badawi, CPA. Mr. Badawi will be the
Manager of the engagement. Mr. Badawi's background includes over six years of accounting
and auditing experience. 'He has participated in the audits of several city and county
governments, as well as non- profit entities. Mr. Badawi has also assisted several cities in
their efforts to publish their CAFRs in compliance with GASB 34.
The fourth member of the Engagement Team is Jessica Wu. Ms. Wu will be the Senior ) of the
engagement. Ms. Wu's 'background includes over five years of experience in various
accounting related positions. Ms. Wu has participated in the audits of numerous
governmental agencies and assisted in their efforts to publish their CAFRs in compliance
with GASB 34.
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CITY OF PETALUMA
Partner, Supervisory and,Staff Qualifications and Experience
The fifth member of the Engagement Team is Brian Kelly. Mn Kelly's° background. includes
over eight years of accounting and auditing experience including four years with the State
Board of Equalization. He has assisted numerous cities in their efforts to convert to GASB 34.
The sixth member of the Engagement Team is Eva Kjoss. Ms. Kjoss's. background includes
over seven years of accounting experience. Ms. Kjoss has participated in several city and
county audits.
The estimated number of hours each Engagement Team member is °scheduled to provide the
City during the first audit year is as follows:
Nasi; Raissian, CPA,. MBA (Engagement Partner)
50
Gary M. Caporicci, CPA CGFM (Technical Partner)
10
Ahmed Badawi (Manager)
60
Jessica Wu (Senior)
250 -
Brian.Kelly (Professional.Staff)
200
Eva;Kjoss (Professional Staff)
200
Administrative Staff
20
Total 790
Each member of the Engagement Team participates in Continuing Education programs
offered by the American Institute of Certified Public Accountants and. California State Society
of Certified Public: Accountants and each has met the continuing education requirements for
municipalities. 'The Firm also maintains a comprehensive training program targeted at
appropriate professional, staff levels. It utilizes in -house developed educational programs,
AICPA and California CPA Society educational programs, and on- the -job training.
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CTTY OF PETAL;UMA,
Partner, Supervisory ,and ;staff Qualifications and Experience
The Firm maintains an annual training schedule which officially begins in July when all
professional and adninistrative staff attends a six day comprehensive in -house training
session which includes:
. Review of principles of accounting and financial reporting for state and local
governments.
. Review of governmental fund types and account groups.
Review of Internal Control evaluation approaches.
. Updates on recent governmental accounting and reporting guidelines.
• Review of Single Audit requirements and approaches.
• Review of financial audit approaches.
• Overview of'audit and,internaI control work paper techniques.
• Review of GASB 3:4 : reporting requirements.
• Review of current issues facing the governmental community.
During the year; professional staff' are sent to various educational' sessions sponsored by the
AICPA and California State Society of ,CPAs, as considered appropriate for the level and
need of the individual. These classes :include, among others,
. Governmental Financial Reporting Standards and Practices.
. Yellow Book: Government Auditing Standards.
• Financial Accounting Standards: Comprehensive Review.
• Single Audit.
• Governmental Auditing & Accounting Update.
• Governmental Accounting Principles.
• Comprehensive. Review of Generally Accepted. Auditing Standards.
The Firm also provides monetary incentives for professional staff to attend university
programs focusing on governmental accounting.
The result of the Firm's training program is the production of a highly educated and
competent municipal audit group capable of performing an efficient and effective audit for
the City.
The Team members will continue their professional development practices.
The Firm's policy on 'providing service to our clients includes a commitment-to maintaining
continuity of audit personnel. We can not guarantee that our staff will remain with the Firm.
y However, to encourage our staff to remain with us, we pay competitive wage rates, offer
promotional opportunities, provide state -of- the. -art equipment, provide excellent working
conditions, provide various benefits such as retirement, plans, medical plans, profit sharing
programs, educational benefits, and other such benefits. Additionally, we will guarantee that
33
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CITY OF PETALUMA
Partner, Supervisory and Staff Qualifications and Experience
•
any staff member assigned to this engagement will return to the City in subsequent years if
he or she is still with the Firm. W& can also guarantee that the Engagement Partner- will be
involved in future years. Continuity of audit .staff is of prime concern to us and because of
the hands. -on, involvement of the Partner, we can. assure you that future years' audits will be;.
conducted in an efficient and effective manner with qualified and e5cperienced professionals.
The Firm is an Equal Opportunity employer and complies with all Federal and State hiring
requirements. The Firm also supports Affirmative Action philosophies and works. hard to
provide disadv.antaged,groups with opportunities for.self:enhancement.
Resumes of each member of the Engagement Team follow.
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CITY OF PETALUMA, .
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Partner, Supervisory and StaffTQualifications and Experienee,
Nasi Raissian Certified Public Accountant Engagement Partner
Length of Career
• Fifteen years experience in various accounting related positions
• Two years with the City of Sunnyvale as the Finance Manager
• Seven years with Caporicci &. Larson, CPAs
Professional. Experience
. Partial listing of clients with similar requirements,of the City:
City of Richmond CA.
City. of Fairfield, CA.
City of Saratoga, CA.
City of Sunnyvale,, CA.
City of Oceanside, CA. .
City of Corona, CA.
City of Camarillo, CA.
City of Claremont, CA
City of
Orange County Business Council
City of Redondo Beach, CA.
City of Ceres, CA.
City of San Buenaventura, CA.
City of' Avalon, CA.
City of Brawley, CA.
City of Cypress CA.
County of'Trinity, Weaverville, CA.
Modoc Community Hospital
County of "Modoc, Alturas, CA.
Avalonjjospital
Education
• BA Degree in Economics from Middlebury College, Vermont.
• MBA Degree in Accounting`from National University, California
Continuing Education
Various municipal accounting courses offered by the, California State Society of CPA's
and local: universities including (has met the educational requirements):
- Governmental Financial Reporting Standards and Practices
- Yellow Book: Government Auditing Standards
- Municipal Accounting
Single Audit
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CITY OF PETALUMA
Partner, Supervisory and Staff Qualifications and Experience
Gary M. Caporiccl Certified' Pubhc Accountant Technical Partner
Length of Career
• Over 30 years of diversified business experience with 11 years at Coopers ,& Lybrand. .
(currently PriceWaierhouse /Co"opers).
• Certified Public Accountant for the states of California and Texas:
Professional Experience
Partial listing of clients with similar requirements as the City:
City of.Sunnyvale CA.
City of Fremont, CA.
City of Fairfield, CA.
City, of Redondo,Beach, CA.
City of Oceanside, CA.
Town of Danville, CA.
City of Camarillo, CA.
City Hermosa Beach, CA.
City ,of Oakland, CA.
City of Los Altos, CA.
City of Sanger, 'CA.
OCJP; State of California.
Anaheim, Redevelopment Agency, CA.
City of Richmond„ CA.
City of Vallejo, CA.
City of Vacaville, CA.
.City of San Leandro, CA.
City of Corona, CA.
City of San. Rafael;" CA.
City of Claremont, CA.
City of San Buenaventura,, CA..
City of Placerville, CA.
City of Ceres; CA.
City of Brawley, CA,
City of Reedley, CA.
Education
. BS Degree in Accounting from Armstrong College, Berkeley, California (1968).
Professional ,Activities
• Member, Governmental, Accounting and Auditing Committee (7 years).
• Past Chairman, CSCPA local committee on. Governmental Accounting` and Auditing (5
years).
• Past national reviewer, for the
• Principal writer of various California Cornmiftee on Municipal Accounting (COMA)
articles.
• Past Co- Chairman. (2' years) and speaker (5 years) at various CSCPA Governmental Units
conferences.
• Past member of the Texas Governmental. Accounting and Auditing Committee. "
• Instructor for the CSCPA in areas of governmental and non - profit accounting and
auditing.
. Instructor for the American Institute of Certified Public Accountants.
. Adjunct Professor at National University with emphasis on Accounting for Governmental
and, Nonprofit Entities, Principles of Auditing, and Advanced Accounting. •
Continuing Education
. Has met the current governmental. CPE educational requirements to perform audits on.
governmental entities.
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CITY `OF PETALUMA
• Partner, Supervisory and Staff Qualifications_ and Experience
Ahmed Badawi Certified Public- Accountant Manager
Length of Career
. Six years experience in various, accounting related positions.
Professional Experience
. Partial listing of clients with sifnilar requirements of the City:
City of Fremont, CA.
City of Richmond, CA.
City of San Leandro, CA.
City of San Buenaventura, CA.
City of Eureka, CA.
City of Corona, CA.
City of Chula Vista, CA.
City of Claremont, CA.
City of Oceanside, CA..
City of Cypress, CA.
City of Ridgecrest, CA.
Has performed numerous Single Audits, transportation development act audits, and
OCJP field audits.
Education
BS Degree in Accounting from the University of Alexandria, Egypt.
Continuing Education
. Various municipal accounting courses offered by the California State Society of CPAs
and local universities' including (has met the educational requirements):
- Governmental Financial Reporting Standards and Practices.
- Yellow Book: Government Auditing Standards.
- Municipal Accounting.
- Single Audit.
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CITY OF PETALUMA
Partner, Supervisory and Staff Qualifications and Experience
•
Jessica Wu. Senior
Length of Career
Five years experience in various accounting related positions.
Professional ,Experience
Partial listing of clients with similar requirements as the City:
City of Menlo Park, CA.
City of Sunnyvale, CA.
City of Vallejo, CA.
Town of Danville CA.
City of San ' Rafael, CA.
City of'Eureka, CA.
City of :Santa Cruz, CA.
City of`Richmond, CA.
City of San Buenaventura, CA.
City of Corona, CA.
City of Cypress, CA.
County of Del Norte, Crescent City, CA.
OCJP, State of California.
. Has performed' numerous Single Audits, transportation development act audits, and
OCJP field audits.
Education
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. BS Degree in Accounting from the California State University, Long Beach, California.
Continuing Education
. Various municipal accounting courses offered by the California. State Society of CPAs and
local universities including (hasi met the educational requirements) :.
-
Governmental F'i'nancial Reporting Standards and Practices.
Yellow Book` Government Auditing Standards.
- 'Municipal Accounting. "
= Single Audit.
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QTY OF PETALUMA
Partner, Supervisory and Staff 'Qualifications and Experience
Brian belly Professional Staff
Length of Career
. Eight years experience in various' accounting related positions .including four years as an
auditor for the California State- Board of Equalization.
Professional Experience
. Partial listing of clients with.. similar requirements as the City:
City of Menlo Park, CA.
Town of Atherton, CA.
City of Vallejo, CA.
City of Vacaville, CA.
City of San.Leandro, CA.
City of Fairfield, CA.
City of Fremont, CA.
City of Los Altos, C.A.
City of Clayton, C.A.
City of Santa Cruz, CA.
City of San Rafael CA.
City of Placerville, CA.
Solano County Transportation Authority
Education
. BS Degree in Accounting from St. Mary's College, Moraga, California.
Continuing Education
. Various municipal accounting courses offered by the California State Society of CPAs,
local universities, and in -house training seminars including (has met the educational
requirements):
- Governmental Financial Reporting Standards and Practices.
- Yellow Book: Government Auditing Standards.
Municipal Accounting.
- Single Audit.
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CITY OF PETALUMA
Partner, Supervisory and Staff Qualifications and Experience
•
Eva Kjoss Professional Staff
Length of Career
• Seven years experience in various accounting related positions.
Professional Experience
s
• Partial listing of clients with similar requirements as the City:
County of Contra. Costa, CA.
City of San Rafael, CA.
City of Sari Mateo CA.
City of .Sunnyvale, CA. 4
City of Camarillo, CA.
City of Pittsburg, CA. l
City of Brisbane, 'CA. i
City of Walnut Creek, CA.
South.Bayside System Authority, Redwood City, CA.
Sunline Transit Agency, Thousand Palms, CA. •
Education
• BS Degree in Business Accounting from University of Phoenix, San Francisco, CA
i
Continuir g.Education '
. Various municipal, accounting courses offered by the California State Society of CPA's and
local universities including (has met the educational requirements):
- Governmental Financial Reporting:Standards and Practices ;
- Yellow Book: Government Auditing Standards
- Municipal Accounting
- Single Audit
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Audit Approach. and Methodology
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I Objectives and Approach I
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CITY OF PETALU.MA
Objectives and Approach
Objective of Our Services
The basic objective of our audit of the City is to conduct an examination of the financial
statements in accordance with generally accepted auditing standards -and to express our
opinion on the fairness of presentation of such financial statements in conformity with generally
accepted accounting principles.
Additionally, we believe that another real value of our audit lies in meeting other objectives at
no additional cost. The following are other objectives of our services -that have -important
benefits to the City:
• To offer substantive observations and recommendations relating to
accounting and operating control policies and procedures.
• To identify opportunities for operating efficiencies. and isolate candidate
activities for cost reduction opportunities.
• To perform a professional audit in an efficient and _effective way to minimize
disruption to the office operations.
• To offer ongoing advisory services to assist in the running of the operation
and implementation of improved operating procedures.
The engagement will be conducted within the framework of the Firm's quality control program
which includes the use of audit programs, careful planning, use of computerized audit software
and internal control evaluation & documentation software, and objective review procedures.
On -site staff will use Firm supplied portable IBM computers and printers.
Approach
The approach to the audit has been designed to efficiently and effectively address the audit
requirements of the City and to perform the audit of the City's financial records in a timely
manner with minimal disruptions to office operations.
We will conduct the necessary audit" steps to adequately perform:
• Planning of the_ engagement
• Evaluation of the existing internal control structure
• Determination of degree of compliance with laws, regulations, grant provisions, and City
approved policies
• Validation of account' balances
• Determination of competency of finance department staff
• Verification of reasonableness of management estimates
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CITY OF PETALUMA
Objectives and Approach
We will also review procedures and controls over the : accounting process, evaluate the accuracy
of recorded transactions, and perform other tests and investigative steps as considered
appropriate to render an opinion on the financial statements of the City.. Our audit approach
will adhere to generally -accepted auditing standards of the AICPA, the U.S. General Accounting
Office and the California State Controller.
Selection of sample sizes will be based on findings identified during our internal control
reviews and. will be : consistent with the Aegree of risk determined to be present in the internal
control structure of ,the City.. We will also select both large and. small dollar item. financial
transactions to verify 'accuracy and propriety of year end account balances. We will perform
reviews of documentation relating to various activities conducted by the City, grants, legal
issues, and' other records to gain an understanding of purpose, approval and authority
verification, and compliance'requirements:
We do not anticipate that there will be any audit problems at the City. However, the following
are some areas that we will carefully investigate and monitor during our audit procedures.
Budgeting Compliance:
• Review and evaluate the City's controls over budgetary compliance.
• Review and evaluate the City's reporting of variances and the budgetary amendments
and related approvals.
Investments•
Review and evaluate the City's authorization and approval process of °.its investments.
Review and. evaluate the City's controls to assure compliance with city and state
investment limitations and types of specific 'investments.
Review and evaluate the City's monitoring of its investments.
Reporting, Entities;
Review and evaluate the City "s relationships to those various entities that city council
members and city management are actively involved.
Determine which of those entities the. City should incorporate into its Annual
Financial Report and those the!City should not'in.accordance with GASB No. 14.
Review for appropriate financial reporting and 'disclosure of those entities into the
City's Annual Financial' Report.
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CITY OF PETALUMA
Objectives and Approach.
Financial Reporting:
. Review and evaluate that. the City's Annual Financial Reports are in compliance with
current reporting and disclosures requirements issued by the GASB and GFOA.
Review Annual Financial _ Reports for financial reporting conformance awards issued
by CSMFO and GFOA.
Internal Control Structure:
• Review and evaluate the City's 'internal control functions, and ascertain compliance
with proper internal control philosophies.
• Review computer system processes and controls and evaluate adequacy of the control
environment.
Federal Financial Assistance Compliance:
Review degree of compliance with grant provisions, federal requirements, and
reporting deadlines.
We will review formats of reports to determine level of consistency with generally accepted
accounting principles and compliance with GFOA and CSMFO reporting requirements.
0 0urapproach to performing audit services to the City'is based on a thorough understanding of
its business. Additionally, our governmental and non - profit audit knowledge assists us in
performing the required' work with minimum interruption to your office operations. We will
concentrate on important matters ;rather than become bogged down in minor details, thus
assuring that your audit is performed efficiently, effectively, and in the least amount of time and
disruption.
In order to foster a positive working relationship; our staff will endeavor to maintain open
communication lines with all levels of City staff. Our staff is sensitive to the increased work
load created, by the annual audit and will strive to perform their required duties in an efficient
and least disruptive manner possible. Our planning process will include all appropriate City
everyone staff so f the approach and assignments, if necessary. Should
personality t conflicts arise which. may negatively impact the working relationship, the Partners
will take immediate action to remove the particular Engagement Team member. We will also
conduct progress meetings with. the Cit management on a routine basis so that everyone is
kept informed of the progress of the audit. In this way, surprises are kept to a minimum.
Additionally, should issues arise, they will be immediately communicated to the City
g p p pp it process. This
training e em tP han ze& technical competency, understanding approach
City processes, and sensitivity to
working with client personnel. We have performed many audits and have not encountered any
*working relationship: issues. We expect this to continue.
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CITY OF PETALUMA
Objectives; and Approach
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Members of the Firm will be available for routine consultation whenever City staff considers it �
necessary. ;
We will review all financial reports and any findings, observations, etc. -with key members of
the City's management. r
We are available to make presentations to the City Council, if desired by City ,Management.
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- U - ndet - stan — d — i - nLr of Reciuested Services
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CT Y OF PETALUMA
O . Underslandjng of Requested Services
The City desires an audit and expression of an opinion in accordance with generally accepted
accounting principles on the fairness of presentation of financial statements for the City and the
PCDC for the fiscal years ending June 30, 2004, with the option to audit the City's financial
statements for each of the four subsequent fiscal years.
The City also requires an "in- relation to" opinion on the presentation of its combining and
individual fund and account: 'group financial statements and schedules in conformity with
generally accepted accounting principles.
The audit of these financial .statements- shall be conducted in accordance with generally accepted
auditing standards asfset forth by the American Institute of Certified. Public Accountants, the
standards for financial audits set forth in the U.S. General Accounting Office's Government
Auditing Standards, and various standards established by the Government Accounting
Standards Board.
We will review any financial reports to determine consistency with requirements of CSMFO
and GFOA certification procedures and guidelines.
The City receives levels of federal ; financial assistance which-requires an audit to be conducted
in accordance with the Single. Audit Act of 1984 and OMB CCircular A -133, as amended, relating
to compliance with various laws and regulations and proper internal control structure. Reports
are to be issued by the Firm indicating amount of federal financial assistance description of the
various specific federal assistance programs in which the City participates either directly or as a
pass- through, degree of compliance with appropriate laws and regulations, quality of the
internal control structure, and reportable conditions and findings if'any.
The City also desires a compliance audit of its TDA funding activities.
The City also desires agreed_ .upon procedures related to the calculation of the GANN
Appropriation Limit.
Should any conditions be discovered requiring corrective action, the Firm will provide a
detailed description of =the findings and recommended actions as to their resolution.
The Firm will submit a letter to management detailing reportable conditions found during the
audit. Non - material: instances of noncompliance shall be reported in a separate management
letter and any other observations or recommendations determined to be informative to City
management.
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I I Timing . -
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I Audit Schedule I
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CITY OF PET'ALUMA
Audit Schedule
Award of Contract
May /June Interim AuditTri ocedures:
May /June - Planning and Administration Partner 10
Manager 5
Senior 15
Staff 5
Review 'and 'obtain copies of key workpapers of
} prior audit firm.
Entrance. Conference with City Management to
discuss audit approach, timing, assistance, and
issues.
Review and,,evaluatethe City's; accounting and
i financial,reporting. Prepare an overall memo of
recommendations, potential issues and
suggestions for improvements.
Prepare overall memo to City confirming audit
procedures, timing, and;assistance.
Prepare detailed audit work plan and audit
programs,. audit budget and staffing schedule, list
i of schedules to be prepared: by City staff, and
provide to City Management.
May /June - Internal Control Structure Partner
15
Manager
20
Senior
50
Staff
130
Meeting with key Finance Division personnel.
Obtain.and document understanding of key "internal:
j control systems through walk- throughs, interviews
of staff, and review of supporting documentation:
- .Budgeting System.
- Revenue, utility billing, accounts receivable, and
cash collections.
i - Purchasing, expenditures, accounts payable, and
cash disbursements.
- Payroll.
? - Federal Financial Assistance.
{ Other systems.
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CITY OF PETALUMA
Audit Schedule
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May/June -,Internal Control Structure (continued)
..Perform statistical testing of the internal control
system and evaluate the effectiveness of the City's
systems. Select large dollar and random samples
of transactions in key operating systems. Sample
size to meet required level for determined degree
of risk. Review supporting documentation of
selected transactions, evaluate adequacy of support
and approvals, and conclude on degree of .
adherence to accuracy and compliance with City
policies.
Provide to the City's management a memo
concerning management letter points and identify
issues, if any.
May /June Single Audit Compliance. Partner
Senior
Staff
10
25
20
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Obtain or prepare` Federal Financial. Assistance
Schedule.
Perform audit tests of grant programs and
compliance with Federal Law _and, Regulations.
Review grant documents, select;,sufficient number
of transactions to test for compliance of Federal.
General and Specific Requirements.
May /June - Other Audit Tasks Partner
Senior
Staff
Review minutes of City Council meetings and other
key committees:.
Coordinate with City staff and prepare of all
appropriate confirmation requests including:
- Bank Accounts.
Investment pool accounts..
Accounts receivable.
- Federal .grants.:
- Revenue from Qovernmental agencies.
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CITY OF PET'ALUMA
Audit Schedule
Coordinate with City staff and prepare of all
appropriate confirmation requests including
(continued)':
Bond and other debts.
- Pension plan.
- Attorney letters.
- Others, as required.
Hold progress conference with 'City Management.
Hold exit'conference with City Management.
October Year end AuditTroeedures: Partner
15
Manager
25
Senior
100
Staff
155
Entrance :conference with City Management.
Follow -up on all outstanding confirmations.
Verify and validate account balances by
reviewing supporting documentation including
invoices, vouchers council resolutions, minutes,
and other documents, as required.
Perform,analytical review of revenue and
expenditures. Determine reason:for material
differences between budget an actual.
Performer search.for unrecorded liabilities by
reviewing disbursements subsequent-to June 30,
testing terms of contractual obligations, and
interviewing City staff.
Perform review of subsequent events by
discussions with City Management and, review of
all minutes of City Council and key committees:
Hold exit;conference with City Management.
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59
CITY OF PETALUMA
Audit Schedule
4 ,� Perlods� f AuditTasks�f ���, �g
November Audit Reports: Partner 5
Manager 10
Senior 50
Staff 50
Admin. 20
Review drafts of. City, Redevelopment Agency, and
other financial statements:
Review draft of Single Audit Reports concerning
internal control structure; compliance with laws
and regulations, and administering of federal
financial assistance programs.
Review draft of management letter points.
Within:5 F i n al,Audit Reports,,Managemen #.Letter, Single
working days Audit Reports, and Compliances Reports.
after approval.
Summary of Professional Audit Hours and Administrative Staff support for the Year Ending
June 30, 2004:
Partners
60
Manager
60
Senior
250
Professional Staff
400
Administrative Staff
20
Total Hours 790
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CITY OF PE'TALUMA
References
•
Of the many governmental audits with similar requirements as the. City that we have
conducted, we have selected the following governmental engagements for you to contact.
Total
Staff.
Governmental Agency Hours
Scope of Work
Date
Contact & Telephone #
• City of San Mateo 700
Financial Audit /Single Audit
2002/
Hossein Golestan
San Mateo Redevelopment Agency
Financial Audit
2003
Financial Services Manager
1
Audit Partner - Steve Larson
GFOA Certification
(650) 522 -7103
Audit Manager - Eileen Cheng
CSMFO Certification
2003 Revenues:
City General Fund $62,16606
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Redevelopment Agency t$13,147,918
• City of Sunnyvale 1,000
Financial Audit /Single Audit
2001/
Mary Bradley
1
Sunnyvale Redevelopment Agency
Financial Audit
2002/
Finance Manager
Sunnyvale Public Financing Authority
Financial Audit
2003
(408) 730 -7398
Audit Partner - Gary Caporicci
GFOA Certification
Audit Manager - Mark McGeady
CSMFO Certification
1
2002 Revenues: -
City General Fund $93,585,809
Redevelopment Agency $2,775;601
• City of Vacaville 800
Financial Audit /Single Audit
1999/
Ken Campos
Vacaville Redevelopment Agency
Financial Audit
2000/
Finance Manager
Transportation Development, Act
Financial Audit
2001/
(707) 449 -5118
Audit Partner - Gary Caporicci.
GFOA Certification
2002/
Audit Manager - Mark McGeady
CSMFO Certification
2003
2002 Revenues:
City General Fund $43,499,302.
t
Redevelopment Agency $21,1.68,263
-
• City of Fremont 800
Financial Audit /Sin'gl'e Audit
2000/
Ray Durant
Fremont Redevelopment Agency
Financial Audit
2001/
Accounting Services Manager
Audit Partner —Steve Larson
GFOA Certification
2002/
(510) 4944776
Audit Manager- 'hm Bada_w'j
CSMFO Certification
2003
2003 Revenues:
City General Fund $98,456,011
Redevelopment' Agency $31,653,297
• City of San Rafael 600
Financial, Audit /Single Audit
2000/
Ken Nordhoff
San Rafael Redevelopment Agency
Financial Audit
2001/
Assistant City Manager
Audit - Partner Steve Larson
2002/
(415) 485 -3055
Audit Manager - El'een Ch_ e_ng
2003
2003 Revenues:
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City General Fund. $40,522,466
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Redevelopment Agency $7,971,227
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CITY OF PETALUMA
References
The Firm has completed. Transportation Development; Act audit work for the following cities
and agencies:
• City of Sunnyvale, CA.
• City of Vacaville, CA.
• City of Fremont, CA.
• City of Menlo. Park; CA.
• City of San Leandro CA.
M
• City of San CA.
• City of Morgan Hill, CA.
. City of Merced, CA.
• City. of Ceres,'CA.
• San Diego Association of Governments (SANDAG)
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CITY OF PETAL.UMA
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We offer other services at no additional. cost to the City. These other services include:
. Assisting the City in developing a CAFR which conforms to GFOA and
CSMFO financial reporting guidelines at no additional cost to the City.
. Providing the City with at least 20 hours of consulting service in each of the
audit years at no,cost the'City.
. Conducting the required procedures and preparing the necessary reports
for the GANN Appropriations Limit review at no cost to the City.
i . Providing periodic updates to City management and finance staff on recent
developments in governmental accounting and reporting at no cost to the
City.
. Providing ongoing, advisory services to assist in the running of the operation
and implementation of improved, operating procedures at ' cost to the
City.
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CITY OF PETALUMA
Conclusion
A client relationship with the City will be of great value to our Firm and we welcome the
opportunity to develop a long -term relationship. We are committed to:
. Rendering the highest standard of service.
. Establishing a long -term working relationship dedicated to meeting the needs
of the City.
Assisting the City in operational issues.
. Producing a quality end- product.
We possess the technical qualifications and experience to provide the level of service desired
and expected by the City . of Petaluma and stand ready to provide our knowledge and
experience for the benefit of your organization.
1
We would like to express our appreciation to the City and to its Staff for allowing us the
opportunity to submit a proposal to perform professional auditing services. We are available,
• of your convenience, to discussany aspects of our proposal.
Thank you for allowing us to present our Firm.
Oakland, California
April 20, 2004
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