February 8, 2023
City of Orange
Katrin Bandhauer, Assistant Director of Finance
300 E. Chapman Ave.
Orange, CA 92866
Lance, Soll & Lunghard, LLP is pleased to respond to your request to amend our current contract with the City to provide additional services not originally included within the scope of work of the original contract. As a leader in the field of governmental accounting and auditing, we appreciate this opportunity given to us to provide additional services to the City. We understand the additional services requested to be the following: (1) preparation of, including w ord processing and printing of the City ’s Annual Comprehensive Financial Report, in accordance with the requirements and standards of the Government Finance Officers Association, and (2) the preparation and submis sion of the City ’s Annual Financial Transactions Report required by the State of California’s State Controller’s Office. These services will be performed for each year rem aining on o ur current contract w ith the City which provides for services through the 2022/23 fiscal year with optional renewal periods through the 2024/25 fiscal year.
Preparation of the Annual Comprehensive Financial Report
This service includes:
1. Preparing the basic financial statements, footnotes, required supplementary information, and supplementary information presented in the Annual Comprehensive Financial Report utilizing trial balances, ledgers, schedules, and other information provided to us by the City.
2. Word processing, formatting, proofing, and providing three (3) electronic drafts of the Annual Comprehensive Financial Report for the City’s review prior to issuing the final report.
3. Printing and binding up to 20 hard copies for distribution by the City to the necessary parties and the postage necessary to deliver those hard copies to the City.
This service does not include:
1. Preparation of the management’s discussion and analysis , statistical section, and other introductory section documents, including the transmittal letter. These it ems remain management’s responsibility , but will be reviewed , edited, and formatted as necessary for consistency with the basic financial statements.
2. Content creation for any unique graphic or artistic pages, including covers, page dividers, etc. If these items are requested, they may be provided to us for incorporation into the final document.
203 N. Brea Blvd., Suite 203
Brea, CA 92821
Our fees for this service will be billed on an hourly basis at our standard hourly rates as disclosed in our existing contract with the City, and are estimated to be between $5,000 but not to exceed $10,000. The fee is based on the estimated number of hours (40) and the level and position of staff required to prepare the document.
Preparation of the State Controller’s Report
This service includes:
1. Preparing the State Controller’s Report in the format required by the State Controller ’s Office by the deadline of January 31 of each year, and providing an electronic copy of the Report to the City’s management for review prior to submission.
2. Submitting the Report electronically to the State Controller’s Office on behalf of the City.
3. Responding to any follow up or questions on the Report provided by the State Controller’s Office on behalf of the City.
Our fee for this service is a flat fee of $5,100, and is based on the estimated number of hours (40) and the level and position of staff required to prepare the document.
We greatly appreciate this opportunity to provide additional premier services to the City . This proposal is a firm and irrevocable offer for a period no less than 90 calendar days from the date of submittal. For purposes of this proposal, Ryan Domino, P artner is authorized to make representations for our firm. I can be reached at the address below, by phone at (714) 672-0022 or by email at [email protected]
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Ryan Domino, Partner
LANCE, SOLL & LUNGHARD, LLP
203 N. Brea Blvd., Suite 203
Brea, CA 92821