City of Placentia
Request for Proposals
For
Professional Auditing Services
Questions Deadline: 4:00 pm on May 2, 2022
Proposal Deadline: Proposals must be emailed to
jlampman(&..olacentia.orq by 4:00 pm on May 16, 2022
City of Placentia
Finance Department
401 E. Chapman Avenue
Placentia, CA 92870
Phone (714) 993-8237
Fax (714) 961-0283
Date of Issuance: April 18, 2022
1 I. INTRODUCTION
A. General Information
The City of Placentia ("Placentia" or "City") hereby requests proposals from qualified certified public accounting firms to perform audits of the City's financial statements for the three (3) fiscal years ending June 30, 2022, June 30, 2023, and June 30, 2024, with the option of auditing the City's financial statements for each of the two (2) subsequent fiscal years.
The audits are to be performed in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the provisions of the Single Audit Act of 1996; and the audit requirements of Title 2 United States Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
The City of Placentia assumes no obligations of any kind for expenses incurred by any respondent to this solicitation.
It is the City of Placentia's policy to assure nondiscrimination in any contract entered into pursuant to this advertisement. Firms will not be discriminated against on the grounds of race, color, national origin, or sex in consideration for an award as provided by Title VI of the Civil Rights Act of 1964.
The City reserves the right to reject any or all proposals, to waive any non -material irregularities or information in any proposal, and to accept or reject any items or combination of items.
II. NATURE OF SERVICES REQUIRED
A. Scope of Work
The City desires an Annual Comprehensive Financial Report ("ACFR") to be prepared by the independent auditor. The City plans to submit each ACFR to the Government Finance Officers Association ("GFOA") for review in the GFOA Certificate of Achievement for Excellence in Financial Reporting program.
The selected independent auditor will be required to perform the following tasks:
1. The audit firm will perform an audit of all funds of the City. The City desires that the size of audit samples be increased beyond those required by professional standards to include samples from each of the City's individual funds. Your response should include an explanation of how you will increase sample sizes and how you will provide for testing in each of the City's funds. The audit shall be conducted in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards, issued by the Comptroller of the United States. The City's Annual Comprehensive Financial Report will be prepared and printed (if requested) by the audit firm. The audit firm will render the auditors' report on the basic financial statements which will include both Government -Wide Financial Statements and Fund Financial Statements. The audit firm will also apply limited audit procedures to Management's Discussion and Analysis ("MD&A") and required supplementary information pertaining to the General Fund and each major fund of the 2 City.
2. The audit firm will perform a single audit on the expenditures of federal grants in accordance with OMB Circular A-133 and render the appropriate audit reports on Internal Control over Financial Reporting based upon the audit of the City's financial statements in accordance with Government Auditing Standards and the appropriate reports on compliance with Requirements Applicable to each Major Program, Internal Control over Compliance and on the Schedule of Expenditures of Federal Awards in Accordance with OMB Circular A-133. The single audit report will include appropriate schedule of expenditures of federal awards, footnotes, findings and questioned costs, including reportable conditions and material weaknesses, and follow up on prior audit findings where required.
3. The audit firm shall perform agreed-upon review procedures pertaining to the City's GANN Limit (Appropriations Limit) and render a letter annually to the City regarding compliance.
4. The audit firm shall issue a separate "management letter" that includes recommendations for improvements in internal control, accounting procedures and other significant observations that are considered to be non -reportable conditions. Management letters shall be addressed to the City Administrator and the City Council. As necessary, the firm shall issue written communications that include recommendations for improvements in internal control, accounting policies and procedures, and other significant observations that are considered to be deficiencies in internal control, significant deficiencies or material weaknesses. Such communications shall be addressed to City Council.
5. Review of employee Compensation, including both items below:
A. City Manager and Executive Team (currently 5 authorized positions), B. Five additional City employees to be selected each year.
The firm will perform a review of changes in pay rates during the fiscal year and determine if changes (pay rates, employee status, and benefits) were authorized and supported by appropriate documentation. This would also include reconciling authorized pay with payroll records and agreeing employee records with any changes. Leave balance reports will be reviewed to verify correctness of vacation, sick leave, compensating time off, personal time off, and administrative leave, including accruals and caps.
6. SAS 99 Fraud Interviews — Each year the audit firm will include as part of their SAS 99 Interviews three Elected Officials (Five City Council Members, One City Treasurer, One City Clerk).
The following is a list of agreed-upon procedures from which two (2) will be selected each year:
1. Review of Investment Transactions (10) — To determine that the investments made by staff are in compliance with the City's applicable Investment Policy.
2. Review of Financial Institution Wire Transfers (24) — To ensure that all transfers out of financial institutions as reported on bank or investment statements are properly authorized an accounted for.
3. Review of Journal Entries (20) — To ensure that journal entries (including budget entries) are made with adequate support, proper approval, and are correctly recorded to the general ledger.
4. Review of Check Stock Sequence and Cancelled Checks — To verify the sequence of check stock, including unused checks, voided checks and cancelled checks to verify that all checks cleared through the City's financial institutions are presented to Council in the warrant registers and are properly accounted for within the accounting records of 3 the City.
5. Review of Cash Receipts (30) — To ensure that the amounts collected from all locations accepting revenues are properly reflected on receipt documentation that agrees with the amount in the revenue tracking software (if applicable), to the general ledger, and the amount reflected on the bank statement.
6. Preparation of the annual Cities Financial Transactions Report for the State Controller's Office per Government Code section 53891.
7. Preparation of the Annual Street Report for the State Controller's Office per California Streets and Highways Code Section 2151.
8. Any and all reports on compliance and internal controls shall include all instances of noncompliance.
The audit firm may be consulted occasionally throughout the year as an information resource. The auditors may be asked to provide guidance on implementation of GASB requirements and specifics of Federal and State regulations as they may affect local government accounting.
B. Auditing Standards to be Followed
To meet the requirements of this request for proposals, the audit shall be performed in accordance with generally accepting 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 (2007), the provisions of the Single Audit Act Amendments of 1996 and the provisions of U.S. Office of Management and Budget (OMB) Circular A-133, Audits of State and Local Governments and Non -Profit Organizations.
C. Reports to be Issued
Following the completion of the audit of the fiscal year's financial statements, the auditor shall issue:
1. A report on the fair presentation of the financial statements in conformity with generally accepted accounting principles.
2. A report on the internal control structure based on the auditors' understanding of the control structure and assessment of control risk.
3. A report on compliance with applicable laws and regulations.
4. An "in -relation -to" report on the schedule of federal financial assistance.
5. A report on the internal control structure used in administering federal financial assistance programs (this report may be combined with report number 2).
6. A report on compliance with specific requirements applicable to major federal financial assistance programs.
7. A report on compliance with specific requirements applicable to non -major federal financial assistance programs (this report may be combined with report number 6). 4 8. A report on compliance with general requirements for both major and non -major federal financial assistance programs.
9. Agreed-upon procedures reports regarding verification of the Gann limit.
10. Statistical tables in accordance with GASB 44.
In the required report(s) on internal controls, the auditor shall communicate any reportable conditions found during the audit. A reportable condition shall be defined as a significant deficiency in the design or operation of the internal control structure, which could adversely affect the organization's ability to record, process, summarize and report financial data consistent with the assertions of management in the financial statements.
Reportable conditions that are also material weaknesses shall be identified as such in the report.
Non -reportable conditions discovered by the auditors shall be reported in a separate letter to management, which shall be referred to in the report (s) on internal controls.
The reports on compliance shall include all instances of noncompliance.
D. Irregularities and Illegal Acts
Auditors shall be required to make an immediate, written report of all irregularities and illegal acts or indications of illegal acts of which they become aware to the following parties: City Administrator; City Attorney; Chief Financial Officer and the City's Audit Committee.
E. Special Considerations
1. The City of Placentia has determined that the United States Department of Transportation will function as the cognizant agency in accordance with the provisions of the Single Audit Act Amendments of 1996 and U.S. Office of Management and Budget (OMB) Circular A-133, Audits of State and Local Governments and Non -Profit Organizations.
2. The schedule of federal financial assistance and related auditor's report, as well as the reports on the internal controls and compliance are not to be included in the Annual Comprehensive Financial Report but are to be issued separately.
3. The City of Placentia has been the victim of misappropriation of funds. Information regarding this is available on the City's website. Your response to this RFP should include an explanation of specific, cost-effective actions that you would take in light of these circumstances, including audit approaches that can provide added value to the City.
F. Working Paper Retention and Access to Working Papers All working papers and reports must be retained, at the auditor's expense, for a minimum of seven (7) years, unless the firm is notified in writing by the City of the need to extend the retention period. The auditor will be required to make working papers available, upon request, to the following parties or their designees: The auditor will be required to make working papers available upon request, to the City, any government agencies, or their designees. In addition, the firm shall respond to the reasonable inquiries of successor auditors and allow successor auditors to review 5 working papers relating to matters of continuing accounting significance. • City of Placentia
• U.S. Department of Transportation
• U.S. General Accounting Office (GAO)
Parties designated by the federal or state government or by the City as part of an audit quality review process.
Auditors of entities of which the City is a sub -recipient of grant funds.
In addition, the firm shall respond to the reasonable inquiries of successor auditors and allow successor auditors to review working papers relating to matters of continuing accounting significance.
III. DESCRIPTION OF THE GOVERNMENT
A. Fund Structure
The City of Placentia uses the following fund types and account groups in its financial reporting:
Fund Type/Account Group
General Fund
Special Revenue Funds
Debt Service Funds
Capital Projects Funds
Enterprise Funds
Capital Projects Fund
Fiduciary Funds
B. Pension Plan
The City participates in the California Public Employees Retirement System ("PERS"), an agent multiple -employer plan. Actuarial services for the plan are provided by PERS.
C. Computer Systems
COMPUTER HARDWARE
Type of Equipment
Multiple Dell Servers
Personal Computers
Number
150 (approx.)
6 Networked
Yes
Yes
FINANCIAL COMPUTER SOFTWARE
Vendor Maior Applications
SUNGARD BI -TECH PUBLIC SYSTEMS
IFAS Software, Version 7.9 G/L, A/P, Budget
Finance Enterprise 20.2
Payroll
G. Availability of Prior Audit Reports and Working Papers Interested proposers who wish to review prior years' audit reports and management letters should contact Marlene Galvan, Accounting Manager, at mgalvan(a�placentia.org . The City will use its best efforts to make prior audit reports and supporting working papers available to proposers to aid their response to this request for proposals. NOTE: These items can also be found on the City's Website, www.placentia.org
IV. TIME REQUIREMENTS
A. Proposal Calendar
The following is a list of key dates up to and including the date proposals are due to be submitted:
Request for Proposal Issued
RFP Questions Deadline
April 18, 2022
May 2, 2022
Due Date for Proposals 4:00 pm on May 16, 2022
Tentative Contract Award
Tentative Contract Start Date
B. Audit Schedule
June 7, 2022
July 1, 2022
The planning phase of the audit engagement may commence upon receipt of a Notice to Proceed to be issued after award by City Council and execution of a City standard form of agreement. The audit firm selected shall provide the City with an audit plan and a list of schedules to be prepared by City personnel prior to the beginning of fieldwork. Interim fieldwork would be expected to be performed in August with the final phase of fieldwork commencing in September.
The City will attempt to have the books closed and all agreed upon schedules available for the auditors by October 1.
The auditor shall have drafts of the final reports and recommendations to management available for review by the City by the following dates:
7 City of Placentia ACFR November 30, 2022
C. Entrance Conferences, Progress Reporting and Exit Conferences An entrance conference should be scheduled prior to beginning interim fieldwork. Progress reports are expected on at least a monthly basis to the Chief Financial Officer. An exit conference to summarize the results of fieldwork and to review significant findings is expected on the last day of fieldwork or shortly thereafter.
D. Final Reports
The Finance Department will complete its review of the draft report as expeditiously as possible. This process is not expected to exceed two (2) weeks. During that period, the auditor should be available for any meetings that may be necessary to discuss the drafts. The City has a Financial Audit Oversight Committee appointed by the City Council. The auditors will meet with the Committee to discuss the final draft of the audit. Once all issues for discussion are resolved, the auditor shall publish, produce and deliver to City twenty (20) bound copies of the Annual Comprehensive Financial Report as well as providing an electronic copy. It is anticipated that this process will be completed, and the final reports delivered by the following dates:
City of Placentia ACFR December 31 of each year
V. ASSISTANCE TO BE PROVIDED TO THE AUDITOR AND REPORT PREPARATION A. Finance Department Assistance
The Finance Department staff, and responsible personnel will be available during the audit to assist the firm by providing information, documentation and explanations. The preparation of confirmations will be the responsibility of the City, with the assistance of the auditor.
City Staff will assist the auditors in identifying and locating supporting documentation.
B. Information Technology (IT) Assistance
IT Personnel will be available to provide system's documentation and explanations. The auditor will not be provided computer time and the use of the City's computer hardware and software unless mutually agreed upon. However, various computer reports will be provided to the auditor as required.
8 C. Statements and Schedules to be Prepared by the Staff of the City The City will prepare statements and schedules for the auditor as requested.
D. Work Area, Telephones, Photocopying and FAX Machines The City will provide the auditor with reasonable workspace, desks and chairs. The auditor will also be provided with access to a telephone line, photocopying machine, and FAX machine.
VI. PROPOSAL REQUIREMENTS
A. General Requirements
1. Inquiries
Inquiries regarding this proposal process and submittals should be directed to:
ilamr man(c�alacentia.org by 4:00 pm April 27, 2022.
2. Submission of Proposals
B. Technical Proposal
The Technical Proposal is required to be emailed to ilamDman(c�Dlacentia.ora by 4:00 P.M. on May 16, 2022, for the proposing firm to be considered and should include the items below.
Confirmation of receipt of proposals will be emailed to proposers.
1. Title Page
Title page showing the request for proposals subject; the firm's name; the name, address and telephone number of the contact person; and the date of the proposal.
2. Table of Contents
3. Transmittal Letter
A letter of transmittal signed by an individual authorized to bind the proposer, briefly stating the proposer's understanding of the work to be done, the commitment to perform the work within the time period, a statement why the firm believes itself to be best qualified to perform the engagement and a statement that the proposal is a firm and irrevocable offer for fiscal years 2022-23, 2023-24, and 2024-25.
4. Appendices or Exhibits
Include as needed.
THERE SHOULD BE NO DOLLAR UNITS OR TOTAL COSTS INCLUDED IN THE TECHNICAL PROPOSAL SECTION. COST PROPOSALS MUST BE A SEPARATE DOCUMENT.
C. General Requirements
1. The purpose of the proposal is to demonstrate the qualifications, competence and capacity of the firms seeking to undertake an independent audit of the City and Agency in conformity with the requirements of this request for proposals. As such, the substance of proposals will carry more weight than their form or manner of presentation. The technical proposal should demonstrate the qualifications of the firm and of key staff to be assigned to this engagement. It should also specify an audit approach that will meet the request for proposal requirements.
The technical proposal should address all the points outlined in the request for proposals.
Cost information should only be included in the Cost Proposal section. The proposal should be prepared simply and economically, providing a straight -forward, concise description of the proposer's capabilities to satisfy the requirements of the request for proposals. While additional data may be presented, the following subjects, items No. 2 through 9, must be included. They represent the criteria against which the proposal will be evaluated. The information may be presented in the body of the text or as appendices.
TECHNICAL PROPOSALS ARE NOT TO EXCEED TWENTY-FIVE (25) PAGES
2. Independence
The firm should provide an affirmative statement that it is independent of the City as defined by generally accepted auditing standards/the U.S. General Accounting Office's Government Auditing Standards (2007).
The firm also should provide an affirmative statement that it is independent of all of the component units of the City as defined by those same standards.
The firm should also list and describe the firm's professional relationships involving the City or any of its component units/agencies, for the past five (5) years, together with a statement explaining why such relationships do not constitute a conflict of interest relative to performing the proposed audit.
In addition, the firm shall give the City written notice of any professional relationships entered into during the period of this agreement.
3. License to Practice in the State of California.
An affirmative statement should be included that the firm and all assigned key professional staff are properly licensed to practice in the State of California.
4. Firm Qualifications and Experience
The proposal should state the size of the firm, the size of the firm's governmental audit staff, the location of the office from which the work on this engagement is to be performed and the number and nature of the professional staff to be employed in this engagement.
If the proposer is a joint venture or consortium, the qualifications of each firm comprising the joint venture or consortium should be separately identified and the firm that is to serve as the principal auditor should be noted, if applicable.
The firm is required to include a summarization of the results of its most recent external —10—
quality control review, with a statement whether that quality control review included a review of specific government engagements.
The firm shall provide information on the results of any Federal or State desk reviews or field reviews of its audits during the past three (3) years. In addition, the firm shall provide information on the circumstances and status of any disciplinary action taken or pending against the firm during the past three (3) years with State regulatory bodies or professional organizations.
5. Partner, Supervisory and Staff Qualifications and Experience The firm should identify the principal supervisory and management staff, including engagement partner, manager, other supervisors and specialists, who would be assigned to the engagement and indicate whether each such person is register or licensed to practice as a certified public accountant in the State of California. The firm should provide information on the government auditing experience of each person, including information on relevant continuing professional education for the past three (3) years and membership in professional organizations relevant to the performance of this audit.
The firm should provide as much information as possible regarding the number, qualifications, experience and training, including relevant continuing professional education, of the specific staff to be assigned to this engagement. The firm should indicate how the quality of staff over the term of the agreement will be assured.
Engagement partners, managers, other supervisory staff and specialists may be changed if those personnel leave the firm, are promoted or are assigned to another office. These personnel may also be changed for other reasons with the express prior written permission of the City.
However, in either case, the City retains the right to approve or reject replacements.
Consultants and firm specialists mentioned in response to this request for proposal can only be changed with the express prior written permission of the City, which retains the right to approve or reject replacements.
Other audit personnel may be changed at the discretion of the proposer provided that replacements have substantially the same or better qualifications or experience.
6. Similar Engagements with Other Government Entities
For the firm's office that will be assigned responsibility for the audit, list the most significant engagements (maximum of 5) performed in the last five years that are similar to the engagement described in this request for proposal.
These engagements should be ranked on the basis of total staff hours. Indicate the scope or work, date, engagement partners, total hours, and the name and telephone number of the principal client contact.
7. Specific Audit Approach
The proposal should set forth a summarized work plan, including an explanation of the audit methodology to be followed, to perform the services required in Section II of this request for proposal. The work plan should reference such sources of information as the City or Agency budget and related materials, organizational charts, manuals and programs, and financial and other management information systems. Proposers will be required to provide the following information —11—
on their audit approach:
a. Proposed segmentation of the engagement
b. Level of staff and number of hours to be assigned to each proposed segment of the engagement.
c. Sample size and the extent to which statistical sampling is to be used in the engagement
d. Approach to be taken to gain and document an understanding of the City's internal control structure
e. Approach to be taken in determining laws and regulations that will be subject to audit test work
f. Approach to be taken in drawing audit sample for purposes of tests of compliance
8. Identification of Anticipated Potential Audit Problems The proposal should identify and describe any anticipated potential audit problems, the firm's approach to resolving these problems and any special assistance that will be requested from the City.
9. Response to City Standard Two -Party Agreement
Note any objections to the City's standard two-party agreement. City's standard form of agreement shall be the basis of the agreement between the City and the firm selected.
D. Cost Proposal- Cost Proposal must be submitted as a separate file
1. Total All -Inclusive Maximum Price
The cost proposal shall contain all pricing information relative to performing the audit engagement for each of the three (3) contract years as described in this request for proposal. The total all-inclusive maximum price to be proposed is to contain all direct and indirect costs including all out-of-pocket expenses.
The City will not be responsible for expenses incurred in preparing and submitting the technical proposal or the sealed dollar cost bid. Such costs shall not be included in the proposal.
The first page of the cost bid proposal should include the following information:
a. Name of Firm
Certification that the person signing the proposal is entitled to represent the firm, empowered to submit the proposal, and authorized to sign a contract with the City of Placentia.
—12—
b. A Total All -Inclusive Maximum Price for the FY 2021-22, FY 2022-23, and FY 2023-24 engagements.
2. Rates for Additional Professional Services
If it should become necessary for the City of Placentia to request the auditor to render any additional services to either supplement the services requested in this RFP or to perform additional work as a result of the specific recommendations included in any report issued on this engagement, then such additional work shall be performed only if set forth in an addendum to the contract between City of Placentia and the firm. Any such additional work agreed to between City of Placentia and the firm shall be performed at the same rates set forth in the schedule of fees and expenses included in the sealed dollar cost bid.
3. Manner of Payment
Progress payments will be made on the basis of hours of work completed during the course of the engagement and out-of-pocket expenses incurred in accordance with the firm's dollar cost bid proposal. Interim billing shall cover a period of not less than a calendar month. The final ten percent (10%) of the Total All -Inclusive Maximum Price will be paid upon delivery of the firm's final reports.
VII. EVALUATION PROCEDURES
A. Selection Committee
Proposals submitted will be evaluated by a Selection Committee consisting of individuals from the Finance Department, other internal departments and/or external agencies.
B. Review of Proposals
The Selection Committee will use a point formula during the review process to score proposals. Each member of the Selection Committee will first score each technical proposal by each of the criteria described in Section VII C below. The full Selection Committee will then convene to review and discuss these evaluations and to combine the individual scores to arrive at a composite technical score for each firm. At this point, firms with an unacceptable low technical score will be eliminated from further consideration.
After the composite technical score for each firm has been established, the cost proposals will be reviewed, and additional points will be added to the technical score based on the price bid.
The maximum score for price will be assigned to the firm offering the lowest Total All -Inclusive Maximum Price.
The City reserves the right to retain all proposals submitted and use any idea in a proposal regardless of whether the proposal is selected.
C. Evaluation Criteria
Proposals will be evaluated using three sets of criteria. Firms meeting the mandatory criteria will have their proposals evaluated for technical qualification. Only those firms meeting —13—
minimum technical qualifications will be evaluated for price. The following represent the principal selection criteria which will be considered during the evaluation process.
1. Mandatory Elements
a. The audit firm is independent and licensed to practice in the State of California.
b. The firm has no conflict of interest with regard to any other work performed by the firm for the City.
c. The firm adheres to the instructions to this request for proposal on preparing and submitting the proposal.
d. The firm has a record of quality audit work.
2. Technical Quality
a. Expertise and Experience
(1) The firm's past experience and performance on comparable government engagements with an emphasis on local
experience.
(2) The quality of the firm's professional personnel to be assigned to the engagement and the quality of the firm's management support personnel to be available for technical consultation.
(3) The firm's past experience auditing Housing and aging Federal Financial Assistance programs.
(4) The firm's past experience in meeting GFOA requirements to receive ACFR award.
(5) Experience in providing on-going financial consulting services to municipalities.
b. Audit Approach
(1) Adequacy of proposed staffing plan for various segments of the engagement.
(2) Adequacy of sampling techniques
(3) Adequacy of analytical procedures
3. Cost.
a. Reasonableness of rates; competitiveness with other offers received; adequacy of data in support of figures quoted.
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D. Interviews
During the evaluation process, the Selection Committee may, at its discretion, request any one or all firms to make oral presentations. Such presentations will provide firms with an opportunity to answer any questions the Selection Committee may have on a firm's proposal. Not all firms may be asked to make such oral presentations. If interviews are needed, proposers will be given a few days' notice via email.
E. Final Selection
The City Council of the City of Placentia will select a firm after considering the recommendation of the Selection Committee.
F. Right to Reject Proposals
Submission of a proposal indicates acceptance by the firm of the conditions contained in this request for proposal unless clearly and specifically noted in the proposal submitted and confirmed in the contract between the City and the firm selected.
The City reserves the right to reject any or all proposals.
APPENDIX A
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
FOR THE AUDIT OF THE FY 2021-22 THROUGH 2023-24 FINANCIAL STATEMENTS Managers
Supervisory
Staff
Staff
Other
(Specify)
Total All -Inclusive Price for the Audit of the
Financial Statements
Hours
Hourly Rates
Total
FY21 /22
Total
FY22/23
Total
FY23/24
Partners
Managers
Supervisory
Staff
Staff
Other
(Specify)
Total All -Inclusive Price for the Audit of the
Financial Statements
Appendix A
Total for services Described in Section II C of the RFP (Detail on subsequent pages) Other (specify):
Estimated number of hours required from City to develop permanent file:
From City Clerk's Office
From Finance Department
Total all-inclusive maximum price:
Appendix A
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
SUPPORTING SCHEDULE FOR THE CITY OF PLACENTIA AUDIT REPORT Hours
Hourly Rates
Total
FY21 /22
Total
FY22/23
Total
FY23/24
Partners
Managers
Supervisory
Staff
Staff
Other
(Specify)
Total Price for the City of Placentia Audit Report
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
SUPPORTING SCHEDULE FOR THE SINGLE AUDIT REPORT
Hours
Hourly Rates
Total
FY21 /22
Total
FY22/23
Total
FY23/24
Partners
Managers
Supervisory
Staff
Staff
Other
(Specify)
Total Price for the Supporting Schedule for the
Single Audit Report
Appendix A
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
SUPPORTING SCHEDULE FOR THE ACFR PREPARATION AND EDITING Managers
Supervisory
Staff
Staff
Other
(Specify)
Total Price for the ACFR Preparation and
Editing
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
Hourly Rates
Partners
Managers
Supervisory Staff
Staff
Other (Specify)
Hours
Hourly Rates
Total
FY21 /22
Total
FY22/23
Total
FY23/24
Partners
Managers
Supervisory
Staff
Staff
Other
(Specify)
Total Price for the ACFR Preparation and
Editing
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
Hourly Rates
Partners
Managers
Supervisory Staff
Staff
Other (Specify)
APPENDIX B
CITY -STANDARD TWO-PARTY AGREEMENT
(ATTACHED)