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<br />1 <br /> <br /> <br /> <br /> <br /> <br /> <br />ACCOUNTANTS’ COMPILATION REPORT <br /> <br /> <br />Board of Directors <br />Orange County Power Authority <br /> <br />Management is responsible for the operating fund and program fund budget comparison reports of <br />Orange County Power Authority (OCPA), a California Joint Powers Authority, for the period ended <br />March 31, 2024, and for determining that the budgetary basis of accounting is an acceptable financial <br />reporting framework. We have performed a compilation engagement in accordance with Statements on <br />Standards for Accounting and Review Services promulgated by the Accounting and Review Services <br />Committee of the AICPA. We did not audit or review the accompanying statement nor were we required <br />to perform any procedures to verify the accuracy or completeness of the information provided by <br />management. Accordingly, we do not express an opinion, a conclusion, nor provide any assurance on <br />this special purpose budgetary comparison statement. <br /> <br />The special purpose statement is prepared in accordance with the budgetary basis of accounting, <br />which is a basis of accounting other than accounting principles generally accepted in the United <br />States of America. This report is intended for the information of the Board of Directors of OCPA. <br /> <br />Management has elected to omit substantially all of the note disclosures required by accounting <br />principles generally accepted in the United States of America in these interim financial statements. <br />OCPA’s annual audited financial statements include the note disclosures omitted from these interim <br />statements. If the omitted disclosures were included in these financial statements, they might influence <br />the user’s conclusions about the Authority’s financial position, results of operations, and cash flows. <br />Accordingly, these financial statements are not designed for those who are not informed about such <br />matters. <br /> <br />We are not independent with respect to OCPA because we performed certain accounting services that <br />impaired our independence. <br /> <br /> <br />Maher Accountancy <br />San Rafael, CA <br />April 30, 2024 <br /> <br /> <br />1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa.com <br /> <br /> <br />