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 / Most Prestigious Accounting Firms: Accounting professionals across the nation rank the prestige of the firms they compete against. / Vault Accounting 25: The VAULT ACCOUNTING 25 is compiled using a weighted formula Vault Top Ranked that reflects the issues accounting professionals care most about, combining quality of life Awards rankings (such as culture, satisfaction, work/life balance, and compensation) with overall prestige. / 2024 Best Accounting Firms for Audit & Assurance: Accountants across the nation rate the top firms in their practice areas. / Top 100 Firms 2024 Accounting Today / Top Tax Firms 2024 / Regional Leaders 2024 - Southeast Region INSIDE Public IPA Top 100 Firms 2024 Accounting (IPA) Engagement Team The Cherry Bekaert team responsible for the City's account brings specialized governmental accounting knowledge, with a deep understanding of GASB 87, 96, and 101, as well as current and future pronouncements. The team is led by Danny Martinez and Scott Anderson, who served as the AICPA Technical Issues Committee GASB Chair and as a GASB Practice Fellow, respectively. Senior associate Bailee Steinle, who was a GASB Postgraduate Technical Assistant during the development of GASB 101, and senior associate Tatiana Britton, who has extensive experience with GASB implementations, are the primary accountants on most of our GASB 101 projects. Additionally, the engagement team is proficient in using DebtBook and stays updated on its latest features and product updates to ensure the heights level of service for our clients. What sets our team and approach apart from our competition is Cherry Bekaert's designated government advisory group that works on these types of projects year-round. This means the City's project will never be put second to competing deadlines. We ensure frequent and direct access to the partners, directors and managers who maintain responsibility for the engagement, employing a high ratio of partners and senior managers to staff. This allows the Firm to staff and supervise engagements with a higher level of experienced staff than most firms. Danny is a licensed CPA with over 18 years of experience providing advisory and training services to a wide range of governmental and public sector entities, including state agencies, municipalities and their component units, special districts, counties, school districts, tribal Rx governments, airports, ports, hospitals, higher education institutes, including assisting many large California governments with GASB 87 implementation. As the leader of the Government & Public Sector Accounting Advisory group, he is responsible for the quality and growth of all Danny Martinez, of the Firm's Government/GASB accounting and financial reporting assistance, financial CPA, CGFM statement/ACFR writing, and Surge Team accounting advisory services. Danny is the past Partner Zone 3 (GASB) Chair of the American Institute of Certified Public Accountants (AICPA) Technical Issues Committee As the Firm's public sector Technical Director and a current member of the AICPA's State and Local Government Expert Panel, Scott advises clients and audit teams in all phases of auditing and financial reporting. He oversees engagement planning, performance of audit tests, report writing and overall audit quality. He has extensive experience with Uniform Grant Guidance Scott Anderson, and the audit requirements of governments. As a GASB Practice Fellow, Scott was on the CPA forefront of evolving standards. Scott's involvement in the standard setting process provides us Director with unique insights and access to future developments. 0