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B. Budgetary Basis of Accounting <br />The City's budget is adopted annually by the City Council and is prepared for each fund in <br />accordance with its basis of accounting (generally modified accrual). The City Manager is <br />responsible for preparation and implementation of the annual budget. While all unencumbered <br />appropriations are lapsed at year-end, valid outstanding encumbrances (those for which <br />performance under executory contract is expected in the next year) are re -appropriated and <br />become part of the subsequent year's budget. The City Council and the City Manager have the <br />authority to amend the budget during the year. The City's FY2015-16 total budget is <br />approximately $476 million with the General Fund budget totaling approximately $226 million. <br />The City maintains budgetary controls to ensure compliance with legal provisions embodied in <br />the appropriated budget approved by the City Council. The level of budgetary control is <br />established by function and activity within each fund. <br />C. Component Units <br />The City identified the Successor Agency to the Community Redevelopment Agency as a <br />Fiduciary Component Unit and Housing Authority of the City of Santa Ana and the Santa Ana <br />Financing Authority as Blended Component Units. <br />D. Federal, State and Local Assistance <br />The City receives financial assistance in the form of state and federal programs which vary from <br />year to year. Accordingly, compliance with the Single Audit Act of 1996 and implementing <br />regulations issued by the United States Office of Management and Budget (OMB) Circular A- <br />133, and the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for <br />Federal Awards (2 CFR Part 200) will be required. <br />E. The City's Comprehensive Annual Financial Reports (CAFR) for the last ten years are available <br />on the City's website at: <br />hitp://www.ci.santa-ana,ca.us/finance/cafr/ <br />The audits of the City for the past eight (8) fiscal years were performed by Macias GIN & <br />O'Connell LLP. It is anticipated that their work papers will be available for review. <br />3) SCOPE OF SERVICES <br />A. Terms <br />The City is selecting auditors to perform an examination and issue an opinion on the financial <br />statements of all fund types and account groups of the City for the two consecutive years <br />beginning with the fiscal year ending June 30, 2016 with the option for one additional two-year <br />period. <br />25E-18 <br />