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"I) CITY OF SANTA ANA <br />The provisions of the Federal Single Audit Act as amended; <br />Title 2 US Code of Federal Regulations Part 200, Uniform Administrative <br />Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform <br />Guidance); and <br />Other or new pronouncements or regulations in place now or in the future <br />B. Reports to be issued <br />• Comprehensive Annual Financial Report ("CAFR") — all funds including Fiduciary <br />Funds, Successor Agency and Housing Authority Financial Report <br />• Single Audit of Federal Grants and Other Financial Information: During the fiscal <br />year 2020-21, the City received and expended more than $32 million of the <br />Coronavirus Aid, Relief, and Economic Security Act (CARES) Funds. <br />• Air Quality Improvement Fund (AQMD) Audit Report <br />• Report on the City's GANN Limit computation <br />• City's Investment Policy Compliance Review <br />• U.S. Deparatment of Housing of Urban Development (HUD) Real Estate <br />Assessment Center (REAC) submission attestation and review of HUD Financial <br />Data Schedule (FDS) for the Housing Authority <br />• Annual State Controller's Report <br />• Measure X (Sales Tax) Compliance Report <br />• Agreed -Upon -Procedures Report (up to two annually). The scope of review will <br />include but not limited to the following: The City's internal control processes, <br />contractual agreements, certain provisions of the municipal code. <br />C. The City will prepare the CAFR and submit it to the Government Finance Officers Association <br />(GFOA) for review in their Certificate of Achievement for Excellence in Financial Reporting <br />program. The auditor shall review the CAFR and provide guidance to ensure full compliance <br />with Generally Accepted Accounting Principles established by Government Accounting <br />Standard Board (GASB) and the GFOA award program. The audit timeline must take into <br />consideration the GFOA submittal deadline. <br />D. The auditor shall issue a management letter containing comments and recommendations <br />regarding the auditor's review and evaluation of the systems of internal control and <br />accounting procedures as well as communications required by the Statements on Auditing <br />Standards (SAS) 114 and 115. <br />E. It is expected that the auditor will be available throughout the year for general consultation <br />regarding matters of accounting at no additional cost to the City. The auditor may be asked <br />to provide guidance on implementation of new GASB and SAS requirements and provide <br />expertise and recommendations regarding specific of Federal and State regulations as to <br />how they may impact local government accounting. <br />F. If requested, the auditor may be required to meet with staff and Council Members to review <br />the Management Letter and Audit. Attendance at Council meetings may also be requested. <br />RFP No. 21-024 Professional Auditing Services Page 5 of 34 <br />