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Proposal for City of Santa Ana <br />15 <br /> City of Vero Beach, Florida <br /> City of Winston-Salem, North Carolina <br /> Central New Mexico Community College <br /> Collier County Public Schools, Florida <br /> Columbia County, Georgia* <br /> Community College of Philadelphia <br /> Cumberland County, North Carolina <br /> Eddy County, New Mexico <br /> ElectriCities of North Carolina <br /> Escambia County School District* <br /> Fairfax County Department of Housing and <br />Community Development, Virginia <br /> Sandhills Center, North Carolina <br /> St. Johns County School District, Florida <br /> St. Lucie County School District, Florida <br /> State of Oklahoma <br /> State of Rhode Island <br /> Town of Holly Springs, North Carolina <br /> University of Mary Washington* <br /> University of Memphis <br /> Virginia Beach Public Schools, Virginia <br /> William James City County Schools, Virginia <br />*DebtBook was utilized by client for GASB 87, 94, <br />and 96 <br />e. Proposed Work Plan <br />Proposed Approach, including: i. Anticipated approach to performing services as specified herein; ii. Suggestions or special concerns <br />the evaluation committee should take into consideration (if any); iii. Description of deliverables and implementation plan. Proposer shall <br />submit a general description of the deliverables, implementation plan, and timeline. iv. Data requirements from the City, if any <br />GASB 101 Implementation <br />Cherry Bekaert has developed a comprehensive four phase approach to implementing GASB 101, Compensated <br />Absences that we are currently providing to governments throughout the country. This four-phase approach takes our <br />clients from not knowing about the pronouncement to having journal entries, disclosures, and go-forward training. The <br />Scope of Services provided by the City aligns very closely with our approach and achieves the primary objectives of <br />your RFP to ensure full compliance with GASB 101 and help align current accounting practices for the new accounting <br />standard. Cherry Bekaert’s Comprehensive Four-Phase Implementation Approach includes: <br />Phase/Activities Deliverables <br />Phase 1: Understanding the Statement <br />1.0 Training and initial discussion on GASB 101 Compensated Absences GASB 101 Presentation <br />1.1 Assistance with general communication and information gathering within <br />the organization (for decentralized organizations or systems) <br />Tailored GASB 101 Memo <br />Phase 2: Completeness and Implementation Documentation <br />2.0 Provide Cherry Bekaert" GASB 101 Summary" Excel template to assist <br />with the capture of compensated absences applicable to the organization <br />and potential liability recognition <br />Compensated Absences <br />Summary Excel Template <br />2.1 Complete detailed review of client's policies, payroll register, and trial <br />balance to assist in the identification of all potential compensated <br />absences <br />Annotated documents and a list <br />of identified compensated <br />absences <br />2.2 Conduct walkthroughs with HR and Payroll departments to assist in the <br />discovery of the government's full compensated absences listing <br />List of identified compensated <br />absences <br />2.3 Populate Cherry Bekaert "GASB 101 Summary" Excel template for client <br />review and acceptance <br />Completed Compensated <br />Absences Summary Excel <br />Template <br />Phase 3: Policies and Procedures <br />3.0 Assess current state processes and controls around accounting for <br />compensated absences and provide recommendations for improvement <br />Accounting Policy <br />Recommendations <br />3.1 Assess clarity of client's policies and procedures (e.g., more likely than <br />not determination, termination assumptions, flows assumption, <br />accumulation assumptions) and provide recommendations for <br />improvement <br />Accounting Policy <br />Recommendations <br />  <br />  <br />City Council 12 – 69 5/20/2025