Item 12 Contract to Cherry Bekaert Advisory LLC for Governmental Accounting Standards Board

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Cherry `� Bekaert Proposal for City of Santa Ana Section 2782.8, to claims that arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of the Contractor. Notwithstanding anything to the contrary herein, the maximum aggregate liability of Contractor with respect to its indemnification obligations under this Contract shall not exceed the sum of five million dollars ($5,000,000.00)." / 13. EXCLUSIVITY AND AMENDMENT — We request the following change: "...The parties agree that any terms or conditions of any purchase order or other instrument that are inconsistent with, or in addition to, the terms and conditions hereof, shall not bind or obligate Consultant or the City unless mutually agreed to in writing executed by both parties..." / 20. MISCELLANEOUS PROVISIONS — we request the following change and have included our standard terms and conditions within this document: "c. All Exhibits, including the Contractor's terms and condition, referenced herein and attached hereto shall be incorporated as if fully set forth in the body of this Agreement." / Insurance Requirements — Please note that Professional Liability policy carrier will not name the City as an Additional Insured. We also request the "Acceptability of Insurers" requirement be changed to a current A.M. Best rating of no less than A-:VII. Included in our response as Appendix are our standard terms and conditions for consulting/advisory services. d. Firm and Team Experience i. A general description of the firm, including size and number of employees working directly with the City on this agreement. Ranked among the largest assurance, tax and advisory firms in the U.S., Cherry Bekaert provides guidance and support that helps our clients move forward to reach their organizational goals. "Cherry Bekaert" is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert Advisory LLC is not a licensed CPA firm. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non -attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity and tax. For more details, visit cbh.com/disclosure. For more than 75 years, global corporations, public/private businesses and the public sector have relied on Cherry Bekaert to guide them forward. We provide digitally -driven, industry - aligned advisory, tax, and assurance services, leveraging practical knowledge and proven experience to design and deliver highly tailored solutions that help clients meet their financial, operational, and strategic goals and objectives. $660m 2500+ 190+ CY2024 Net Fees Employees Firmwide Partners Ranked a Top U.S. Accounting Firm 40+Offices 75+ by Accounting Today and Inside Public Accounting Serving I Clients Across the Years in NenberolAtlinlalGlobal, the 2ndlargest accounting and consohiny U.S. and lnternationalty Business association In the world, represented by over 268 member brms in 109 countries with a cum6ined revenue o1$68- Our experienced professionals can offer guidance INSIDE 1 \SIDE �,lrmingTW,Y vbult through rapid growth and times of accelerated change. Let us be Your Guide Forward by 00 �RowiNc deliverin on our commitments to su erior client Firms FTop 100 IRM) FIRM) g p zosa ACCOUNTING service through: / Attention to Detail and Quality: Outstanding service qualifications amplified by our commitment to prioritize your business and provide practical and timely support / Efficient, Business -Practical Guidance: High levels of senior level involvement, continuity of service professionals and expertise on a year-round basis / Value -Driven Relationships: Streamlined, focused attention on your strategic, operational and financial objectives 5