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4 CITY OF SANTA ANA <br /> EXHIBIT I <br /> SCOPE OF SERVICES <br /> Consultant shall perform services as set forth below. <br /> A. General Planning and Reporting <br /> 1. Before commencing work, Consultant shall meet with City staff to: <br /> a. Clarify the intended goals and purpose(s), <br /> b. Gain an understanding of City operations, and <br /> c. Establish responsibilities. <br /> B. Essential duties include but are not limited to: <br /> 1. GASB 87 and GASB 96 <br /> a. Data collection <br /> b. New contracts/agreements review <br /> c. Review status of existing contracts/agreements <br /> d. Update a comprehensive list of all agreements reviewed and indicate whether <br /> they are reported in the ACFR and provide reasons and documentation to <br /> support the decision <br /> e. Selection and review of discount rate using a template provided by DebtBook <br /> f. Update data in DebtBook <br /> g. Preparation of journal entries and ACFR footnote disclosure using DebtBook <br /> 2. GASB 101 <br /> a. Review the City's current practice and compensated absences liability <br /> b. Determine the most appropriate methodology to implement the new standards <br /> c. Data collection including determining historical trends, information about <br /> current and expected future eligibility and usage <br /> d. Calculation of year-end compensated absences <br /> e. Preparation of year-end schedules, journal entries, and footnote disclosure <br /> f. Annual review and update <br /> 3. Supplemental services contingent upon availability of funds: <br /> a. Assist City staff with implementation of future GASB pronouncements <br /> b. Review, update, or draft policies and procedures related to GASB <br /> implementation. <br /> C. Subcontracting <br /> Should any firm submitting a proposal consider subcontracting portions of the engagement, <br /> that fact must be clearly identified in the proposal along with the name of the proposed <br /> subcontractor(s). Following the award of the audit contract, no additional subcontracting will <br /> be allowed without prior written consent by the City's Executive Director of Finance and <br /> Management Services. <br /> City of Santa Ana RFP No.25-025 Page 18 of 33 <br />