Clean Energy Alliance
Report to the Board of Directors
October 26, 2023
Introduction
Brett Bradford, CPA
Audit Partner
20 years in public accounting and performing audits of government entities Currently working with several CCA’s throughout California Aliandra Schaffer
Engagement Manager
4 years in public accounting and performing audits of governments (CCA’s)
Results of current year audit:
The audit is complete. We reported:
Unmodified opinion – Based on our audit, the financial statements are materially accurate.
No significant deficiencies or material weakness in internal control noted.
Audit of the year ended June 30, 2023 Financial Statements Relative Roles & Responsibilities
Management is responsible for preparing the Financial Statements and establishing a system of internal control.
Auditor is responsible for auditing the Financial Statements Considering risks of material misstatement in the Financial Statements Considering internal controls relevant to the Financial Statements Performing tests of year-end balances based on risk assessment Evaluating adequacy of disclosures
Risk Assessment for the year ended
June 30, 2023
Significant areas of focus
Revenue recognition
Accounts receivable and accrued revenue
Test a sample of customer billings
Relate total cash received during the year to revenue
Look at cash received subsequent to year-end and relate to A/R Review revenue recognition through year-end and method for determining (accrued revenue) Cash
Confirmations sent to financial institutions
Risk Assessment for the year ended
June 30, 2023
Significant areas of focus
Accrued Cost of Electricity
Review subsequent bills from electricity providers and cash payments Accrued REC expense
Supplier Security Deposits
Reviewed contracts and determined completeness of amounts recorded Financial Statement Note Disclosures – Complete and without bias
Required Board Communications
The significant accounting policies adopted by CEA throughout the periods audited appear appropriate and consistently applied.
No alternative treatments of accounting principles for material items in the financial statements have been discussed with management.
Required Board Communications
(continued)
We have not identified any significant or unusual transactions or applications of accounting principles where a lack of authoritative guidance exists.
We did not propose any adjustments to the financial statements.
There have been no disagreements with management concerning the scope of our audit, the application of accounting principles, or the basis for management’s judgments on any significant matters.
We have not encountered any difficulties in dealing with management during the performance of our audit.
Required Board Communications
(continued)
Brett Bradford: 707-577-1582
Questions?