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25I - COMPREHENSIVE FINANCIAL AUDIT SERVICES
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25I - COMPREHENSIVE FINANCIAL AUDIT SERVICES
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Last modified
1/3/2012 4:11:02 PM
Creation date
2/24/2010 2:46:52 PM
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City Clerk
Doc Type
Agenda Packet
Item #
25I
Date
3/1/2010
Destruction Year
2015
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{ ~ <br /> NEWPORT BEACH <br /> <br /> • <br /> 1201 Dove Street, Suite 680 <br /> • Newport Beach, CA 92660 <br /> 949.221.0025 <br /> MAC IAS G I N I bt OICON N ELL LLP SACRAMENTO <br /> Certified Public Accountants & Management Consultants OAKLAND <br /> WALNUT CREEK <br /> LOS ANGELES <br /> SAN MARCOS <br /> SAN DIEGO <br /> January 26, 2010 <br /> Mr. Francisco Gutierrez <br /> Executive Director of Finance and Management <br /> 20 Civic Center Plaza <br /> Santa Ana, CA 92701 <br /> We are pleased to confirm our understanding of the services we are to provide City of Santa Ana for the <br /> three years ended June 30, 2012. We will audit the financial statements of the governmental activities, the <br /> business-type activities, each major fund, and the aggregate remaining fund information, which collectively <br /> comprise the basic financial statements, of the City of Santa Ana (City) and the Community Redevelopment <br /> Agency of City of Santa Ana (Agency) as of and for the three years ended June 30, 2012. Accounting <br /> standards generally accepted in the United States provide for certain Required Supplementary Information <br /> (RSI), such as Management's Discussion and Analysis (MD&A), to accompany the basic financial <br /> statements. As part of our engagement, we will apply certain limited procedures to RSI. These limited <br /> procedures will consist principally of inquiries of management regarding the methods of measurement and <br /> presentation, which management is responsible for affirming to us in its representation letter. Unless we <br /> encounter problems with the presentation of the RSI or with procedures relating to it, we will disclaim an <br /> opinion on it. The following RSI is required by generally accepted accounting principles and will be <br /> subjected to certain limited procedures, but will not be audited: <br /> 1) Management's Discussion and Analysis <br /> 2) Budgetary comparison schedule for the general fund and major special revenue funds <br /> 3) GASB-required supplementary pension and OPEB information <br /> Supplementary information other than RSI also accompanies the basic financial statements. We will subject <br /> the following supplementary information to the auditing procedures applied in our audits of the basic <br /> financial statements and will provide an opinion on it in relation to the basic financial statements: <br /> 1) Individual and combining fund financial statements and schedules <br /> 2) Schedule of expenditures of federal awards (normally in a separate report) <br /> In addition to our audits of the basic financial statements of the City, we will also perform the following: <br /> 1) Financial and compliance audits of the Redevelopment Agency of the City of Santa Ana <br /> 2) Financial and compliance audits of the Air Quality Management District Special Revenue Fund <br /> 3) Annual on-line attestation of the Financial Data Schedule for the Santa Ana Housing Authority <br /> 4) Financial and compliance audits in Accordance with OMB A-133 (Single Audit) <br /> 5) An annual agreed upon procedures review of City's Investment Policy and provide a report on <br /> compliance with State and Federal laws <br /> 1 <br /> www.mgocpa.com _ ~~~~~'~td.M~Independent Member of the 8D0 Seldmon Alliance <br /> <br />
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