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1 <br />ACCOUNTANTS’ COMPILATION REPORT <br />Board of Directors <br />Orange County Power Authority <br />Management is responsible for the operating fund and program fund budgetary comparison reports of <br />Orange County Power Authority (OCPA), a California Joint Powers Authority, for the period ended <br />September 30, 2023, and for determining that the budgetary basis of accounting is an acceptable <br />financial reporting framework. We have performed a compilation engagement in accordance with <br />Statements on Standards for Accounting and Review Services promulgated by the Accounting and <br />Review Services Committee of the AICPA. We did not audit or review the accompanying statement nor <br />were we required to perform any procedures to verify the accuracy or completeness of the information <br />provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any <br />assurance on this special purpose budgetary comparison statement. <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 />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 />We are not independent with respect to OCPA because we performed certain accounting services that <br />impaired our independence. <br />Maher Accountancy <br />San Rafael, CA <br />October 26, 2023 <br />1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa.com