January 14, 2026
January 14, 2026
Joan Malloy, City Manager
City of Union City
34009 Alvarado-Niles Road
Union City, CA 94587
Dear Ms. Malloy:
This letter confirms the engagement of Price Paige & Company by the City of Union City (the City) for professional advisory services as described below. The focus of our engagement, at the request of City Management, will consist of the services listed in Exhibit A, which we expect to provide insofar as funding remains available in this agreement.
Electronic Data Communication and Storage and Use of Third-Party Service Provider In the interest of facilitating our services to the City, we may communicate by facsimile transmission, send data over the Internet, store electronic data via computer software applications hosted remotely on the Internet, or allow access to data through third-party vendors’ secured portals or clouds. Electronic data that is confidential to the City may be transmitted or stored using these methods. We may use third-party service providers to store or transmit this data, such as providers of tax return preparation and document management software. In using these data communication and storage methods, our firm employs measures designed to maintain data security. We use reasonable efforts to keep such communications and data access secure in accordance with our obligations under applicable laws and professional standards. We also require all of our third-party vendors to do the same.
You recognize and accept that we have no control over the unauthorized interception or breach of any communications or data once it has been sent or has been subject to unauthorized access, notwithstanding all reasonable security measures employed by us or our third-party vendors, and consent to our use of these electronic devices and applications and submission of confidential client information to third-party service providers during this engagement.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.
Engagement Administration, Fees and Other
We will schedule the engagement based in part on deadlines, working conditions, and the availability of your key personnel. We will plan the engagement based on the assumption that your personnel will cooperate and provide assistance by performing tasks such as preparing requested schedules, retrieving supporting documents, and preparing confirmations. If, for whatever reason, your personnel are unavailable to provide the necessary assistance in a timely manner, it may substantially increase the work we have to do to complete the engagement within the established deadlines, resulting in an increase in fees over our original fee estimate.
January 14, 2026
UNION CITY
It is our policy to keep records related to this engagement for a minimum of seven years after completion of the engagement.
Suralink is used solely as a method of exchanging information and is not intended to store the City’s information. Upon completion of the engagement, data and other content will be removed from Suralink in accordance with Price Paige & Company’s policy.
Our fees for the professional advisory services to assist the City, as described in Exhibit A, are provided in the City’s contract. Our fees are based on the expected hours required to perform the services at our standard hourly rates, as listed in Exhibit B. Our standard hourly rates vary according to the degree of responsibility involved and the level of the personnel assigned to your advisory engagement. Our billing rates are reviewed annually and, where appropriate, adjusted for any increases due to inflation and other factors. Sharon Rahban Navizadeh, CPA will be the Project Manager assigned to this engagement. We will issue a monthly billing statement for the work completed in that month.
Payments for services are due when rendered and interim billings may be submitted as work progresses and expenses are incurred. Our fee estimate is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered. If significant time is necessary, we will discuss it with you before we incur additional costs. The fees for these services will be billed at the hourly billing rate for the individual involved, plus out-of-pocket expenses.
If any dispute pertaining to our work product arises among the parties hereto, the parties agree first to try in good faith to settle the dispute by mediation administered by the American Arbitration Association under its Rules for Professional Accounting and Related Services Disputes before resorting to litigation. The costs of any mediation proceeding shall be shared equally by all parties.
All work will be suspended if your account becomes 90 days past due. No work will be resumed until your account is fully paid. You acknowledge and agree that in the event we stop work or withdraw from this engagement as a result of your failure to pay on a timely basis for services rendered as required by this engagement letter, we shall not be liable for any damages that occur as a result of our ceasing to render services. Client and accountant both agree that any dispute over fees charged by the accountant to the client will be submitted for resolution by arbitration in accordance with the Rules for Professional Accounting and Related Services Disputes of the American Arbitration Association. Such arbitration shall be binding and final. IN AGREEING TO ARBITRATION, WE BOTH ACKNOWLEDGE THAT, IN THE
EVENT OF A DISPUTE OVER FEES CHARGED BY THE ACCOUNTANT, EACH OF US IS GIVING UP THE RIGHT
TO HAVE THE DISPUTE DECIDED IN A COURT OF LAW BEFORE A JUDGE OR JURY AND INSTEAD WE ARE ACCEPTING THE USE OF ARBITRATION FOR RESOLUTION.
If information becomes known that would make our continued involvement in this engagement inappropriate, or parties involved change, we reserve the right to withdraw from this engagement. In addition, we will refuse to perform any requested act that we deem a violation of law, public policy, or our professional ethical standards, and may, as a result, withdraw from the engagement without penalty.
In no event will our firm be liable for incidental or consequential damages resulting from our performance on this engagement, even if we have been advised of the possibility of such damages.
Non-Solicit Clause
We value every one of our clients as well as every one of our employees. We have spent a great deal of time and resources to locate, train, and retain our employees. We respectfully request that you do not solicit our employees to work for you. If you do hire one of our employees within 2 years of when they last worked for Price Paige & Company, we will be due a finder’s fee equal to 50% of the annual salary they were earning as of their last day of employment. Payment will be due within 10 days of your receipt of our invoice.
If these terms are in accordance with your understanding and meet with your approval, please return a signed copy via email or regular mail at your earliest convenience. This agreement will become effective when you return the signed copy to us.
If the need for additional services arises, our agreement with you will need to be revised. It is customary for us to describe these revisions in an addendum to this letter.
January 14, 2026
UNION CITY
Sincerely,
Joshua Giosa, CPA
Price Paige & Company
- - - - - - -
RESPONSE:
This letter correctly sets forth the understanding of the City of Union City
Management Signature Title Date
UNION CITY
EXHIBIT A - SCOPE
___________________________________________________________________________________________________________________________________________ The focus of our engagement, at the request of City Management, will consist of the services listed below, which we expect to provide insofar as funding remains available in this agreement. 1) Audit Preparation Support
We will work closely with the City’s Finance Department to finalize the City’s accounting records and prepare audit schedules for the fiscal year ended June 30, 2025. We will first assess the City’s progress in reconciling account balances to supporting schedules and develop a plan to complete the close of the City’s accounting records. This may include assisting City staff in completing processes already underway or, where appropriate, performing reconciliations and preparing audit schedules using our own staff to expedite completion.
This phase of the engagement will conclude upon the earlier of (i) the depletion of available funding under this agreement or (ii) the issuance of the City’s audited financial statements for the fiscal year ended June 30, 2025.
2) Discovery and Initial Accounting Division Oversight Support Simultaneously, we will begin a 60 to 90-day discovery period during which we will assess the City’s financial operations and collaboratively determine the appropriate scope and structure for ongoing Accounting Division Oversight Support. During and after this discovery period, we will perform a range of high-level finance functions, subject to agreement with City Management. Examples of such services may include, but are not limited to:
• Month-End Close & Reconciliations — Review and advise on the monthly close process and key account reconciliations (cash, receivables, payables, payroll, etc.) • Journal Entry Review — Review all journal entries prepared by City staff prior to posting for appropriateness of support, coding, and authorization.
3) Through the end of this agreement, we are available to provide the City with additional professional consultation. While not a complete listing of services Price-Paige can provide to our clients, below includes a listing of the additional services we can provide to Union City, upon request:
Category Task Title Task Action
Typical
Frequency
Accounting &
Reporting
Annual Audit
Coordination
Coordination with auditor to get audit completed.
Working with staff to prepare necessary audit
worksheets, prepare draft financial statements and
footnote disclosures, assist with Transmittal Letter
and MD&A.
Annual
Accounting &
Reporting
Annual Reports of
Financial Transactions
(SCO Report)
Assist in the preparation of the State Controller's
Report
Annual
Accounting &
Reporting
SCO Street Report Preparation of the Street Report for the State Controller's Office
Annual
Accounting &
Reporting
SCO Compensation
Report
Preparation of the Compensation Report for the
State Controller's Office
Annual
Accounting &
Reporting
Successor Agency
Support
ROPS and PPA Preparation Annual
EXHIBIT A – SCOPE (Continued)
UNION CITY
Category Task Title Task Action
Typical
Frequency
Accounting &
Reporting
Validate Eden & Munis
Data
Compare FY23 and FY24 financial data between
Eden and Munis. The trial balance, revenues and
expenditures should mostly be the same, and
explain where they are not the same.
One-time
Treasury & Cash
Management
Bank Reconciliation
Services
Reconciling all bank accounts and getting bank
reconciliations caught up for Client
Annual
Finance Policy Financial Policy
Preparation
Meet with client to obtain information to tailor
financial policies to their agency [Including: Review
Client's Existing Municipal Code, Org Chart,
Policies/procedures, Management Letter and/or
Single Audit Findings, and/or Charter]
One-time
Finance Policy Financial Policy
Preparation
Policies available to prepare:
*Bank Reconciliation Policy
*General Accounting Policy
*Cash Receipts Policy
*Billing Policy
*Fixed Assets Policy
*Procurement Policy
*Purchase Card/Credit Card Policy
*Travel Policy
*Inventory (including disposal) Policy
*Internal Audit Policy
*Fraud Hotline Policy
*Grants Policy
*Budget/Carryover/Reserve Policy
*Debt Policy
One-Time
Budget & Fiscal
Management
Staff Report Fiscal
Impact Summary
Drafting the Fiscal Impact Section of Client's
Agenda/Staff Report
Monthly
Budget & Fiscal
Management
Staff Report Fiscal
Impact Review
Review Fiscal Impact Section of Client's
Agenda/Staff Report
Monthly
Budget & Fiscal
Management
Monthly/Quarterly
Accounting/Reporting
Task
Preparation of Monthly Financial Reporting Package
[including Income Statement, Balance Sheet,
Budget vs Actual, PO Report, Credit Card Charges,
Check Register, Budget Transfers and Adjustments,
Wires and ACH Registers, etc.; inclusive of report
formatting; need access to finance software]
Monthly and
Quarterly
Budget & Fiscal
Management
Monthly/Quarterly
Accounting/Report
Review
Review of Monthly Financial Reporting Package for
Marking Red Flags to Report to the CM and/or
Council, or staff follow up
Monthly and
Quarterly
Budget & Fiscal
Management
Monthly/Quarterly
Budget Review and
Recommendations
Maintain communication/make recommendations Monthly
Budget & Fiscal
Management
Bond Proceeds
Drawdown Preparation
Preparation of Bond Proceeds Drawdown sent
to/received from Trustee
Quarterly
Accounting &
Reporting
Bond Proceeds
Drawdown Review
Review of Bond Proceed Drawdown sent
to/received from Trustee
Quarterly
Accounting &
Reporting
Bond Testing and
Reporting
Calculation of Bond Covenant Testing for Reserve
and Revenue/Interest Coverage Compliance
Quarterly/An
nual
Budget & Fiscal
Management
Budget Amendment Budget Amendment/Transfer Posting Review Monthly Treasury & Cash
Management
Investment GL Posting Review posting of investment transactions Quarterly Treasury & Cash
Management
Investment/ Treasurer
Report Production
Production of investment/Treasurer reports Quarterly
Treasury & Cash
Management
Investment/ Treasurer
Report Review
Review of Investment/Treasurer Reports Quarterly
Treasury & Cash
Management
Investment Policy
Review
Actual Investment testing against Investment policy
requirements
Annual
EXHIBIT A – SCOPE (Continued)
UNION CITY
Category Task Title Task Action
Typical
Frequency
Treasury & Cash
Management
Transfers In/Out JE's Review Transfers In/Transfers Out JE's and ensure they balance
Quarterly
Accounting &
Reporting
Grant Billing/Claim Prep
w. Depts
Review Department Grant Billing/claim preparation Quarterly Accounting &
Reporting
Grant Billing/Claim
Preparation
Prepare Grant bills/reimbursement claims - financial
component (for 2-3 reimbursable grants)
Quarterly
Budget & Fiscal
Management
Monthly/Quarterly
Accounting/Reporting
Task
Review all Governing Board minutes for G/L or Audit
preparation implications and prepare related JE's if
any
Monthly
Accounting &
Reporting
Review BL, Permitting
Interface
Ensure all sub-ledger interfaces are updated and
appropriately posted through end of the month [ex:
UB, BL, Permitting, etc…]
Monthly
Accounting &
Reporting
Review Cashiering
Posts
Post all cash receipts/cashiering files (including
Wires-in) to the G/L through month end and review
for proper classification of revenues
Monthly
Treasury & Cash
Management
Record Interest
Receivables
Recording interest receivable and principle on Loan
Receivable balances, if applicable
Quarterly
Treasury & Cash
Management
Review Rent Payable Determine if there is any rent payable or receivable that needs to be recorded monthly and prepare JE
Quarterly
Treasury & Cash
Management
Monthly/Quarterly
Accounting/Reporting
Task
Ensure all wires, ACH's, and A/P transactions are
recorded or interfaced to G/L through the end of the
month
Monthly
Budget & Fiscal
Management
AP Check Register
Review
Check register review for proper account
classification, or inappropriate charges to
unallowable charge-codes
Monthly
Accounting &
Reporting
Payroll Manual Check
review
Ensure all Payroll manual checks and retiree
reimbursement checks are calculated properly and
posted to the G/L through the end of the month
Monthly
Accounting &
Reporting
Payroll 3rd Party Check
review
Update/Review Payroll-Third-Party-related
payments and balances, classification, Journal
Entries, and report unequal third party billing and
payments
Monthly
Accounting &
Reporting
Fixed Asset Recording Update Fixed Asset Listing/Depreciation schedule as needed after review of check register, Recording
of Depreciation expense
Quarterly
Accounting &
Reporting
Reporting of ISF and
Allocated Charges
Recording of Monthly Internal Service Charges
based on Cost Allocation Plan
Monthly
Accounting &
Reporting
Monthly/Quarterly
Accounting/Reporting
Task
Assist staff in updating GASB 96 or GASB87 Lease
listing, and GL posting
Quarterly
Accounting &
Reporting
Retention Payable,
Prepaid Expenses
Update Balances for Retention Payable, Prepaid
Expense, Inventory, and Fund Balance
Reconciliation
Monthly
Accounting &
Reporting
Internal Control
Monitoring
Internal Control Monitoring and remedy
implementation
On-Going
Accounting &
Reporting
General Journal Review Reviewing Manual Journal Entries prepared by client staff, if any
Monthly
Budget & Fiscal
Management
Purchasing Policy
Compliance
For each PO before printing, checking for adherence
with purchasing policies/municipal codes/checking
for backup documentation existence for sufficient
completion. Checking for proper account
coding/Flagging PO's for potential fixed asset
calculations for audit preparation
On-going
duties
Budget & Fiscal
Management
PO Supporting
Documentation
Gathering of documentation into City Shared drive to
confirm adherence with purchasing
policies/municipal codes
On-going
duties
Budget & Fiscal
Management
PO Sole Source
Justification
Preparation of Sole Source memo and maintenance
of memos in City Shared drive
On-going
duties
EXHIBIT A – SCOPE (Continued)
UNION CITY
Category Task Title Task Action
Typical
Frequency
Budget & Fiscal
Management
PO RFP Process
Review
Monitoring of RFP process from RFP preparation,
issuance, posting, interviews, candidate ratings,
coordinate agreement preparation, staff report, and
maintenance of records of such a process
On-going
duties
Budget & Fiscal
Management
PO Vendor Quote
Solicitation
Soliciting quotes from vendors to ensure sufficient
competition
On-going
duties
Budget & Fiscal
Management
Grant Guideline Review Review of Grant agreement guidelines being followed for grant purchases
On-going
duties
Budget & Fiscal
Management
PO Fixed Assets Flagging PO's for potential fixed asset calculations for audit preparation
On-going
duties
Budget & Fiscal
Management
PO Contract Review Checking contract expiration and insurance expiration before PO Issuance
On-going
duties
Budget & Fiscal
Management
PO Approval Workflow PO Printing and Signature, filing away of PO copy with backup
On-going
duties
Budget & Fiscal
Management
Fee Study/Fee
Schedule
Update the fee schedule/spreadsheet by proposing
increasing fees due to inflation & inclusion in the
Budget Book
One-time
Project/task
Budget & Fiscal
Management
Budget Community
Input
Plan/Conduct governing body public hearing to
solicit input from the public about priorities before
starting the budget process
One-time
Project/task
Budget & Fiscal
Management
Budget Mission, Goals
and Objectives
Gather Dept mission, goals, and objectives and
describe how they coincide with Governing body
goals and fiscal sustainability
One-time
Project/task
Budget & Fiscal
Management
Budget City Vision Evaluate City's vision, mission, and values and expected outcomes
One-time
Project/task
Budget & Fiscal
Management
Expenditure Analysis Review PO reports and expenditure reports for prior 5 years for each department to deduce needed
expenditures for budget year
One-time
Project/task
Budget & Fiscal
Management
Budget Meetings with
Departments
Conduct average 1-2 hour meetings with
Department heads to collect info about Budget
needs
One-time
Project/task
Budget & Fiscal
Management
Budget Data Compiling Gather/assemble data from meetings with Department Heads to develop budget tables for
budget book for each Department
One-time
Project/task
Budget & Fiscal
Management
Budget Grant Compiling Collect all grant award letters for upcoming year and ensure reimbursable grants are contractually
obligated to reimburse the entity before City Budget
approved
One-time
Project/task
Budget & Fiscal
Management
Budget Grant Review Ensure Grant appropriations are correctly reflected in the budget book
One-time
Project/task
Budget & Fiscal
Management
Budget SWOT Analysis Risk Assessment/SWOT Analysis process so risks to City get addressed as part of budget process
One-time
Project/task
Budget & Fiscal
Management
Budget Revenue
Analysis
Consider new revenue sources, or additional/new
methods of cost recovery - add to budget
One-time
Project/task
Budget & Fiscal
Management
Budget Labor Impact Expected impact of upcoming labor negotiations need to be factored into Salary and benefit expense
projections
One-time
Project/task
Budget & Fiscal
Management
5 Year Capital Budget
Preparation
Prepare a 5-year capital budget One-time
Project/task
Budget & Fiscal
Management
5 Year Capital Budget
Process Review
Review process on 5-year capital budget draft One-time
Project/task
Budget & Fiscal
Management
Budget Long Term
Analysis
Identify long term initiatives and short term initiatives within the budget
One-time
Project/task
Budget & Fiscal
Management
Budget Chart of
Account
Determine if any new Funds, Dept, Division, Project,
or object codes are needed
One-time
Project/task
Budget & Fiscal
Management
Budget Fund Balance
Calculation
Prepare a projected Fund balance roll forward by
fund for the year(s) to be budgeted
One-time
Project/task
Budget & Fiscal
Management
Budget Fund Balance
Analysis
Review process of Fund balance roll forward by fund
for the year(s) to be budgeted
One-time
Project/task
EXHIBIT A – SCOPE (Continued)
UNION CITY
Category Task Title Task Action
Typical
Frequency
Budget & Fiscal
Management
Long Term Financial
Planning
Trend analysis for all revenue types, and then do
revenue forecast for Budget Year
One-time
Project/task
Budget & Fiscal
Management
Bond and Loan
Payment Schedules
Reflect Bond and any Interfund Loan Repayment
schedule into Budget book
One-time
Project/task
Budget & Fiscal
Management
Grant Funding
Research
Discussion with staff and investigation of grant
funding opportunities
One-time
Project/task
Budget & Fiscal
Management
Fund Balance Policy
and Actions
Determine and review a plan of action for any
budget surpluses or deficits
One-time
Project/task
Budget & Fiscal
Management
Long Term Liabilities
Analysis
Consideration and implementation of plan to
address long term liabilities & inclusion in budget
book
One-time
Project/task
Budget & Fiscal
Management
Long Term Liabilities
Discussions
Review of plan to address long term liabilities and
discussion with City Management
One-time
Project/task
Budget & Fiscal
Management
Budget Prioritization
Recommendations
Assist the CM with budget prioritization and
comparison of competing budget interests
One-time
Project/task
Budget & Fiscal
Management
Budget Prioritization
Workflow
Budget Prioritization exercise for each budget line
item
One-time
Project/task
Budget & Fiscal
Management
Budget Prioritization
Workflow
Preparation/decision of list of programs/expenses to
cut during economic downturn
One-time
Project/task
Budget & Fiscal
Management
Budget Document
Production
For Budget book, each dept budget page should
show/explain how resources will get linked to results
One-time
Project/task
Budget & Fiscal
Management
Budget Policies Developing/appending financial policies to be attached to the Budget resolution
One-time
Project/task
Budget & Fiscal
Management
Budget Document
Posting
Posting the approved budget to the financial system
(review spreadsheet against adopted budget book)
One-time
Project/task
Budget & Fiscal
Management
Budget Quality
Assurance
Perform Quality control procedures on budget
spreadsheets and budget book
One-time
Project/task
Budget & Fiscal
Management
Budget Performance
Measures
Gather performance metrics for each department One-time Project/task
Budget & Fiscal
Management
Draft Budget Document
Production
Review Process of Draft Budget Book and
schedules
One-time
Project/task
Budget & Fiscal
Management
Budget Document
Compiling
Putting all the parts of the Budget together into one
File with the spreadsheets feeding each other
One-time
Project/task
Budget & Fiscal
Management
Budget Document
Compiling
Updating Budget Feeder Spreadsheets per Dept One-time
Project/task
Budget & Fiscal
Management
Mid Year Analysis Mid Year Revenue Forecasting Update & Trend analysis
One-time
Project/task
Budget & Fiscal
Management
Mid Year Review with
CMO
Mid Year Revenue Budget Update provide to CM
and review any significant implications
One-time
Project/task
Advisory COA Redesign Chart of Accounts Re-design One-time Advisory Bond Disclosure Assistance with coordinating Bond Financial Disclosures
As Needed
Advisory Other Financial
Reporting
ARPA, HUD, CDBG, TDA, CalTRANS financial
reporting
As Needed
Advisory Audit Prep for Grants Audit Prep for granting agency monitoring As Needed Advisory Monthly Reporting Monthly Management Report Template Set-up As Needed Advisory Contract Review Review all existing contract within Finance Dept of Client/obtain knowledge of function for each
contract; Prepare contract/vendor insurance
expiration/renewal schedule
As Needed
Advisory Payroll Tax Review Payroll Tax Return Review and Amendments as necessary
As Needed
Advisory HRM Software
Implementation
Payroll/HR Software Implementation As Needed
Advisory ERP/GL Implementation General Ledger or Subledger/Module Software Implementation, Review and Analysis
As Needed
Advisory Cash Flow Analysis Cash Flow Analysis Review of Process, Make Recommendations, and Preparation of Automated
Tool
As Needed
EXHIBIT A – SCOPE (Continued)
UNION CITY
Category Task Title Task Action
Typical
Frequency
Advisory Fixed Asset Review Fixed Asset Listing Review, accounting for disposals, and purging of list as necessary
As Needed
Advisory Lease/Contract
Software
Lease/Contract Administration Software
Implementation
As Needed
Advisory Weekly meetings with
City Manager
Weekly meetings with the CM for listening and
making recommendations
As Needed
Contingency CONTINGENCY CONTINGENCY - SENIOR MANAGER *** As Needed We are available to attend City Council meetings remotely upon request due to special circumstances. Regular attendance at all Council meetings is not included in this engagement.
UNION CITY
EXHIBIT B – CURRENT SCHEDULE OF HOURLY RATES ___________________________________________________________________________________________________________________________________________ January 2026
Position Rate
Partner $375
Senior Manager $330
Manager $300
Supervisor $240–$260
Senior $170–$200
Staff $120–$145
Intern $70–$100
Admin $105–$120
Our standard hourly rates vary according to the degree of responsibility involved and the level of the personnel assigned to your advisory engagement. Our billing rates are reviewed annually and, where appropriate, adjusted for any increases due to inflation and other factors.
It is always our intention to utilize personnel at their highest and best use to minimize the total cost to the City.
UNION CITY
EXHIBIT C – TEAM RESUMES
___________________________________________________________________________________________________________________________________________
JOSHUA GIOSA
Certified Public Accountant
California License # 119801
Present Position
Engagement Partner
Education and Experience
Joshua began his accounting career at Price Paige & Company in January 2007 after graduating from California State University, Fresno. In June 2005, he received a Bachelor of Science in Business Administration with an option in Accountancy and became a Certified Public Accountant in 2013.
Joshua is a partner for many of the firm’s municipal audits and all its consultation clients. Although his governmental auditing background dates to 2007, since 2011 he has worked almost exclusively with governmental agencies, including the planning, performing, and reviewing of financial statement audits, which often also includes the compilation of their financial statements.
He has performed and overseen substantial grant compliance work on both federal and state programs, has conducted several single audits, and has prepared numerous State Controller reports.
Beginning in 2017, Joshua shifted his focus from auditing to advisory governmental agencies, including counties, municipalities, and special districts. During this time, he has worked very closely with finance department personnel to support their primary objective of providing timely and accurate information to the decision-makers of a given entity. Responsibilities have included assisting clients with closing their financial records and preparing audit schedules in preparation for their annual audits, preparing monthly bank reconciliations and any other reconciliations requested by management for internal purposes, providing guidance for implementing new accounting pronouncements, and providing guidance for improving internal controls.
Additionally, he has assisted municipalities in implementing new accounting software and developing a new chart of accounts and fund structures. Joshua has extensive knowledge of the Government Accounting Standards Board pronouncements and has assisted his clients in the most complex of transactions. His background also includes significant experience auditing notfor-profit entities and 401(k) pension plans. Joshua has expertise in the use of IDEA data analysis software and has used this software to conduct fraud detection procedures as a part of the many municipal audits he manages.
Community and Affiliations
Joshua is a member of the American Institute of Certified Public Accountants, the California Society of CPAs and the Government Finance Officers Association. He is currently serving on the Board of Directors as the Treasurer for North Fresno Rotary Endowment and president of Bullard Youth Softball League. He was formerly on the Board of Directors as the Treasurer for Big Brothers Big Sisters of Central California and Fresno’s Rotary Storyland/Playland. Joshua is also an honorary member of the North Fresno Rotary Club.
Continuing Education
Joshua is in compliance with the continuing education requirements of the AICPA and Government Auditing Standards. Josh recently developed a training program for PPC staff and conducted training in courses such as Accounting and Auditing of GASB 54, Auditing Enterprise Revenue and Receivables, and Risk Assessment for Government Agencies. Recently attended courses include: Governmental Auditing and Accounting Update, Advanced Financial Report, and Advanced Governmental Accounting.
UNION CITY
SHARON RAHBAN NAVIZADEH
Certified Public Accountant
California License # 93957
Present Position
Engagement Senior Manager
Education and Experience
Sharon obtained her CPA license from the State of California in January of 2006. Included in her studies as a double major from UC Berkeley, in the fields of Applied Mathematics, and Economics, she also excelled in the fields of Financial Accounting and Auditing. Sharon began her career in public accounting and went onto become a Senior Auditor for local governmental clients. Sharon's knowledge and experience propelled her to then focus her efforts in public service at the City of Beverly Hills, winning annual awards for Excellence in Financial Reporting, as well as creating value for the organization on a continuous basis. Sharon opened her own accounting practice in 2013 and provided general accounting and consulting services for a wide array of local governmental clients. Sharon has given lectures at GFOA and CSMFO conferences, as well as published articles in GFOA and CSMFO magazines, when she was spotted by an audit firm, who recommended her to be the City Controller at the City of Compton, a position she was hired for in July of 2020. Ever since Sharon held this position, she continuously delivered successes to the City by removing all of Compton’s qualified audit opinions, removing over 100 audit findings, implementing a cost allocation plan, forecasting City-wide revenue, and conducting budget enforcement, just to name a few.
Community and Affiliations
Sharon is a member of the American Institute of Certified Public Accountants, the California Society of CPAs, the Government Finance Officers Association, and the Cal Alumni Association. She has given lectures at the GFOA 2012 conference regarding the implementation of GASB 54, as well as the GFOA 2019 conference in regards to planning and managing banking protocols with local governments during declared disasters.
Continuing Education
Sharon is in compliance with the continuing education requirements of the AICPA and Government Auditing Standards.
UNION CITY
CAMERON OLSON
Certified Public Accountant
California License # 153580
Present Position
Engagement Senior
Education and Experience
Cameron started his accounting career in 2020 while attending Fresno Pacific University. In May 2022, he graduated summa cum laude with a Bachelor of Arts in Business Administration with an emphasis in Accountancy.
Upon graduation, he moved to PricewaterhouseCoopers, LLP for a year as a staff auditor where he coordinated with international teams to execute audits of Fortune 500 companies in the technology sector.
During this time Cameron took his CPA exams and received his license in July 2023. He then joined Price Paige & Company as a senior governmental accounting consultant where he specializes in assisting governments with ongoing compliance and implementation of new and old GASB standards.
As Cameron has progressed through his career, he has developed his proficiency in a dynamic range of technical accounting concepts and is passionately pursuing his mastery of all governmental accounting standards to best serve our clients.
Community and Affiliations
Cameron is a member of the American Institute of Certified Public Accountants, the Government Finance Officers Association (GFOA) and the California Society of CPAs.
Continuing Education
Cameron is in compliance with the continuing education requirements of his CPA Licensure with the AICPA.
Recently attended courses include Accounting Academy: An Intensive Introduction (Governmental – 32 CPE) and Intermediate Governmental Accounting (12 CPE).
September 4, 2026
September 4, 2026
Joan Malloy, City Manager
City of Union City
34009 Alvarado-Niles Road
Union City, CA 94587
Dear Ms. Malloy:
This letter confirms the engagement of Price Paige & Company by the City of Union City (the City) for professional advisory services as described below. The focus of our engagement, at the request of City Management, will consist of the services listed in Exhibit A, which we expect to provide insofar as funding remains available in this agreement.
Electronic Data Communication and Storage and Use of Third-Party Service Provider In the interest of facilitating our services to the City, we may communicate by facsimile transmission, send data over the Internet, store electronic data via computer software applications hosted remotely on the Internet, or allow access to data through third-party vendors’ secured portals or clouds. Electronic data that is confidential to the City may be transmitted or stored using these methods. We may use third-party service providers to store or transmit this data, such as providers of tax return preparation and document management software. In using these data communication and storage methods, our firm employs measures designed to maintain data security.
We use reasonable efforts to keep such communications and data access secure in accordance with our obligations under applicable laws and professional standards. We also require all of our third-party vendors to do the same.
You recognize and accept that we have no control over the unauthorized interception or breach of any communications or data once it has been sent or has been subject to unauthorized access, notwithstanding all reasonable security measures employed by us or our third-party vendors, and consent to our use of these electronic devices and applications and submission of confidential client information to third-party service providers during this engagement.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.
Engagement Administration, Fees and Other
We will schedule the engagement based in part on deadlines, working conditions, and the availability of your key personnel. We will plan the engagement based on the assumption that your personnel will cooperate and provide assistance by performing tasks such as preparing requested schedules, retrieving supporting documents, and September 4, 2026
UNION CITY
preparing confirmations. If, for whatever reason, your personnel are unavailable to provide the necessary assistance in a timely manner, it may substantially increase the work we have to do to complete the engagement within the established deadlines, resulting in an increase in fees over our original fee estimate.
It is our policy to keep records related to this engagement for a minimum of seven years after completion of the engagement.
Suralink is used solely as a method of exchanging information and is not intended to store the City’s information.
Upon completion of the engagement, data and other content will be removed from Suralink in accordance with Price Paige & Company’s policy.
Our fees for the professional advisory services to assist the City, as described in Exhibit A, will be $100,000 (One Hundred Thousand Dollars). Our fees are based on the expected hours required to perform the services at our standard hourly rates, as listed in Exhibit B. Our standard hourly rates vary according to the degree of responsibility involved and the level of the personnel assigned to your advisory engagement. Our billing rates are reviewed annually and, where appropriate, adjusted for any increases due to inflation and other factors. Sharon Rahban Navizadeh, CPA will be the Project Manager assigned to this engagement. We will issue a monthly billing statement for the work completed in that month. Payments for services are due when rendered and interim billings may be submitted as work progresses and expenses are incurred. Our fee estimate is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered. If significant time is necessary, we will discuss it with you before we incur additional costs. The fees for these services will be billed at the hourly billing rate for the individual involved, plus out-of-pocket expenses.
If any dispute pertaining to our work product arises among the parties hereto, the parties agree first to try in good faith to settle the dispute by mediation administered by the American Arbitration Association under its Rules for Professional Accounting and Related Services Disputes before resorting to litigation. The costs of any mediation proceeding shall be shared equally by all parties.
All work will be suspended if your account becomes 90 days past due. No work will be resumed until your account is fully paid. You acknowledge and agree that in the event we stop work or withdraw from this engagement as a result of your failure to pay on a timely basis for services rendered as required by this engagement letter, we shall not be liable for any damages that occur as a result of our ceasing to render services. Client and accountant both agree that any dispute over fees charged by the accountant to the client will be submitted for resolution by arbitration in accordance with the Rules for Professional Accounting and Related Services Disputes of the American Arbitration Association. Such arbitration shall be binding and final. IN AGREEING TO ARBITRATION,
WE BOTH ACKNOWLEDGE THAT, IN THE EVENT OF A DISPUTE OVER FEES CHARGED BY THE
ACCOUNTANT, EACH OF US IS GIVING UP THE RIGHT TO HAVE THE DISPUTE DECIDED IN A COURT OF
LAW BEFORE A JUDGE OR JURY AND INSTEAD WE ARE ACCEPTING THE USE OF ARBITRATION FOR RESOLUTION.
If information becomes known that would make our continued involvement in this engagement inappropriate, or parties involved change, we reserve the right to withdraw from this engagement. In addition, we will refuse to perform any requested act that we deem a violation of law, public policy, or our professional ethical standards, and may, as a result, withdraw from the engagement without penalty.
In no event will our firm be liable for incidental or consequential damages resulting from our performance on this engagement, even if we have been advised of the possibility of such damages.
Non-Solicit Clause
We value every one of our clients as well as every one of our employees. We have spent a great deal of time and resources to locate, train, and retain our employees. We respectfully request that you do not solicit our employees to work for you. If you do hire one of our employees within 2 years of when they last worked for Price Paige & Company, we will be due a finder’s fee equal to 50% of the annual salary they were earning as of their last day of employment. Payment will be due within 10 days of your receipt of our invoice.
September 4, 2026
UNION CITY
If these terms are in accordance with your understanding and meet with your approval, please return a signed copy via email or regular mail at your earliest convenience. This agreement will become effective when you return the signed copy to us.
If the need for additional services arises, our agreement with you will need to be revised. It is customary for us to describe these revisions in an addendum to this letter.
Sincerely,
Joshua Giosa, CPA
Price Paige & Company
- - - - - - -
RESPONSE:
This letter correctly sets forth the understanding of the City of Union City
Management Signature Title Date
UNION CITY
EXHIBIT A - SCOPE
___________________________________________________________________________________________________________________________________________ The focus of our engagement, at the request of City Management, will consist of the services listed below, which we expect to provide insofar as funding remains available in this agreement. 1) Audit Preparation Support
We will work closely with the City’s Finance Department to finalize the City’s accounting records and prepare audit schedules for the fiscal year ended June 30, 2025. We will first assess the City’s progress in reconciling account balances to supporting schedules and develop a plan to complete the close of the City’s accounting records. This may include assisting City staff in completing processes already underway or, where appropriate, performing reconciliations and preparing audit schedules using our own staff to expedite completion.
This phase of the engagement will conclude upon the earlier of (i) the depletion of available funding under this agreement or (ii) the issuance of the City’s audited financial statements for the fiscal year ended June 30, 2025.
2) Discovery and Initial Accounting Division Oversight Support Simultaneously, we will perform a range of high-level finance functions, subject to agreement with City Management. Examples of such services may include, but are not limited to:
• Month-End Close & Reconciliations — Review and advise on the monthly close process and key account reconciliations (cash, receivables, payables, payroll, etc.) • Journal Entry Review — Review journal entries prepared by City staff prior to posting for appropriateness of support, coding, and authorization.
We are available to attend City Council meetings remotely upon request due to special circumstances. Regular attendance at all Council meetings is not included in this engagement.
UNION CITY
EXHIBIT B – CURRENT SCHEDULE OF HOURLY RATES ___________________________________________________________________________________________________________________________________________ January 2026
Position Rate
Partner $375
Senior Manager $330
Manager $300
Supervisor $240–$260
Senior $170–$200
Staff $120–$145
Intern $70–$100
Admin $105–$120
Our standard hourly rates vary according to the degree of responsibility involved and the level of the personnel assigned to your advisory engagement. Our billing rates are reviewed annually and, where appropriate, adjusted for any increases due to inflation and other factors.
It is always our intention to utilize personnel at their highest and best use to minimize the total cost to the City.
UNION CITY
EXHIBIT C – TEAM RESUMES
___________________________________________________________________________________________________________________________________________
JOSHUA GIOSA
Certified Public Accountant
California License # 119801
Present Position
Engagement Partner
Education and Experience
Joshua began his accounting career at Price Paige & Company in January 2007 after graduating from California State University, Fresno. In June 2005, he received a Bachelor of Science in Business Administration with an option in Accountancy and became a Certified Public Accountant in 2013.
Joshua is a partner for many of the firm’s municipal audits and all its consultation clients. Although his governmental auditing background dates to 2007, since 2011 he has worked almost exclusively with governmental agencies, including the planning, performing, and reviewing of financial statement audits, which often also includes the compilation of their financial statements.
He has performed and overseen substantial grant compliance work on both federal and state programs, has conducted several single audits, and has prepared numerous State Controller reports.
Beginning in 2017, Joshua shifted his focus from auditing to advisory governmental agencies, including counties, municipalities, and special districts. During this time, he has worked very closely with finance department personnel to support their primary objective of providing timely and accurate information to the decision-makers of a given entity. Responsibilities have included assisting clients with closing their financial records and preparing audit schedules in preparation for their annual audits, preparing monthly bank reconciliations and any other reconciliations requested by management for internal purposes, providing guidance for implementing new accounting pronouncements, and providing guidance for improving internal controls.
Additionally, he has assisted municipalities in implementing new accounting software and developing a new chart of accounts and fund structures. Joshua has extensive knowledge of the Government Accounting Standards Board pronouncements and has assisted his clients in the most complex of transactions. His background also includes significant experience auditing notfor-profit entities and 401(k) pension plans. Joshua has expertise in the use of IDEA data analysis software and has used this software to conduct fraud detection procedures as a part of the many municipal audits he manages.
Community and Affiliations
Joshua is a member of the American Institute of Certified Public Accountants, the California Society of CPAs and the Government Finance Officers Association. He is currently serving on the Board of Directors as the Treasurer for North Fresno Rotary Endowment and president of Bullard Youth Softball League. He was formerly on the Board of Directors as the Treasurer for Big Brothers Big Sisters of Central California and Fresno’s Rotary Storyland/Playland. Joshua is also an honorary member of the North Fresno Rotary Club.
Continuing Education
Joshua is in compliance with the continuing education requirements of the AICPA and Government Auditing Standards. Josh recently developed a training program for PPC staff and conducted training in courses such as Accounting and Auditing of GASB 54, Auditing Enterprise Revenue and Receivables, and Risk Assessment for Government Agencies. Recently attended courses include: Governmental Auditing and Accounting Update, Advanced Financial Report, and Advanced Governmental Accounting.
UNION CITY
SHARON RAHBAN NAVIZADEH
Certified Public Accountant
California License # 93957
Present Position
Engagement Senior Manager
Education and Experience
Sharon obtained her CPA license from the State of California in January of 2006. Included in her studies as a double major from UC Berkeley, in the fields of Applied Mathematics, and Economics, she also excelled in the fields of Financial Accounting and Auditing. Sharon began her career in public accounting and went onto become a Senior Auditor for local governmental clients. Sharon's knowledge and experience propelled her to then focus her efforts in public service at the City of Beverly Hills, winning annual awards for Excellence in Financial Reporting, as well as creating value for the organization on a continuous basis. Sharon opened her own accounting practice in 2013 and provided general accounting and consulting services for a wide array of local governmental clients. Sharon has given lectures at GFOA and CSMFO conferences, as well as published articles in GFOA and CSMFO magazines, when she was spotted by an audit firm, who recommended her to be the City Controller at the City of Compton, a position she was hired for in July of 2020. Ever since Sharon held this position, she continuously delivered successes to the City by removing all of Compton’s qualified audit opinions, removing over 100 audit findings, implementing a cost allocation plan, forecasting City-wide revenue, and conducting budget enforcement, just to name a few.
Community and Affiliations
Sharon is a member of the American Institute of Certified Public Accountants, the California Society of CPAs, the Government Finance Officers Association, and the Cal Alumni Association. She has given lectures at the GFOA 2012 conference regarding the implementation of GASB 54, as well as the GFOA 2019 conference in regards to planning and managing banking protocols with local governments during declared disasters.
Continuing Education
Sharon is in compliance with the continuing education requirements of the AICPA and Government Auditing Standards.
UNION CITY
CAMERON OLSON
Certified Public Accountant
California License # 153580
Present Position
Engagement Senior
Education and Experience
Cameron started his accounting career in 2020 while attending Fresno Pacific University. In May 2022, he graduated summa cum laude with a Bachelor of Arts in Business Administration with an emphasis in Accountancy.
Upon graduation, he moved to PricewaterhouseCoopers, LLP for a year as a staff auditor where he coordinated with international teams to execute audits of Fortune 500 companies in the technology sector.
During this time Cameron took his CPA exams and received his license in July 2023. He then joined Price Paige & Company as a senior governmental accounting consultant where he specializes in assisting governments with ongoing compliance and implementation of new and old GASB standards.
As Cameron has progressed through his career, he has developed his proficiency in a dynamic range of technical accounting concepts and is passionately pursuing his mastery of all governmental accounting standards to best serve our clients.
Community and Affiliations
Cameron is a member of the American Institute of Certified Public Accountants, the Government Finance Officers Association (GFOA) and the California Society of CPAs.
Continuing Education
Cameron is in compliance with the continuing education requirements of his CPA Licensure with the AICPA.
Recently attended courses include Accounting Academy: An Intensive Introduction (Governmental – 32 CPE) and Intermediate Governmental Accounting (12 CPE).