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City of Santa Ana page Z Community Development Agency Financia, Review (elimination of redevelopment) and in response to recent audit issues raised by the Office of the Inspector General. To accomplish the City's goals, a strategy and set of procedures must be developed and implemented. The strategy should define the following major objectives: • Mission & Purpose • Creation of Financial /Accounting Procedures • Fiscal Capacity • Operational Integrity and Reporting • Administrative Infrastructure / Cost Allocation • Implementation of Specific Work Programs and Integration with the Finance & Management Services Agency In order to address these strategic objectives and provide a thorough perspective of the challenges and opportunities affecting the implementation, the following scope of work will guide our analysis: • Identify opportunities for fiscal effectiveness through the sharing of City resources and programs aimed to improve departmental operations; • Evaluate current staffing resources and allocations and analyze staffing needs for proposed division functions; • Evaluate the fiscal capacity of the City to finance Community Development Agency projects and programs; • Analyze the capacity of the City's Finance & Management Services Agency to provide additional support the Community Development Agency; • Recommend implementation of viable financial and procedural programs that are appropriate to the City and the mission for each division within the Community Development Agency. Additionally, the City is seeking a comprehensive analysis of its long term debt obligations. Specifically, the analysis should include debt type, asset pledge (if any), term, interest rate and call terms. To complete this analysis, we propose the following: • Review of structure and debt management opportunities for outstanding redevelopment debt • Review of Continuing Disclosure Compliance for all City bonds • Review of assets leveraged against all City outstanding debt OUR APPROACH For each client, UFI customizes the proprietary methodology we have developed for financial reviews. For the City, we propose an approach that comprises four discrete, but interactive phases as described below. Learning. We will begin this project with a careful learning stage during which we listen and learn about the service, fiscal, and organizational environment for the City's Community Development Agency programs. Our team recognizes that the people responsible for executing internal processes are busy, UF1