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2 1 P a g e- AUDITING SERVICES- REQUEST FOR PROPOSAL <br />ABX1 26 but struck down AB1X 27. On January 9, 2012, the City adopted a resolution declaring its <br />intent to serve as the Successor Agency and designating the Housing Authority of the City of Santa <br />Ana to serve as the Successor Housing Agency. It is expected that the auditor selected will review <br />and advise the implementation ABX1 26, determine the proper accounting and disclosure <br />treatment in accordance with general accepted accounting principles and coordinate with the City's <br />Finance Agency, Redevelopment Successor Agency and Housing Successor Agency staff to <br />ensure that transactions are properly recorded prior to the commencement of the final filed work for <br />the audit. <br />The selected auditor may also provide advice regarding the liability of the Successor Agency in <br />accordance with ABX1 26. <br />G. The auditor shall complete the annual state controller's reports for the City <br />H. The auditor shall complete the fiscal year 2012 state controller's reports for the Redevelopment <br />Agency. The three succeeding years, 2013, 2014, 2015 will be reconsidered due the State <br />requirement. <br />I. The auditor is required to perform an annual review of the City's Investment Policy to determine <br />compliance with applicable State and Federal laws. A report is to be provided to the City on such <br />compliance and, if applicable, recommendations for changes in the Investment Policy document. <br />J. If requested by the member of the bond financing team, to issue a "consent and citation of <br />expertise" as the auditor and any necessary "comfort letters" in relationship to City financial <br />statements and auditors' report, which are included in the Official Statement prepared in connection <br />with sale of debt securities. <br />K. Internal Audit Function <br />The City does not have an internal auditor. Within the constraints of available staffing, the City <br />attempts to maintain segregation of key duties and responsibilities. Due to the lack of an internal <br />audit function the auditor will be responsible for conducting "operational audits" of the Finance and <br />Management Services Department in addition to the regular annual audit. The scope of the <br />"operational audits" will be defined by the Finance and Management Services Department. A <br />report from the auditor will be required giving the scope of the "operational audit" work performed <br />and recommendations the City should implement to improve internal controls in the areas <br />examined. The first year the "operational audit" will include accounts payables (including Public <br />Work construction progress payments and relocation disbursements), payroll. The second year, <br />treasury investments, utility billing and accounting functions would be examined in detail. The third <br />year, purchasing and workers compensation claims <br />L. Financial and other audit services <br />1. The auditor may be required to perform an annual review and report to the Director of <br />Finance of the City's financial trends and overall City's financial health which will <br />include the General Fund and Enterprise Funds. <br />2. The auditor shall review and attest to the bonds continuing disclosure requirements <br />information. <br />3. Upon request by the City, the auditor may be required to perform on behalf of the City <br />an "operational audits "' to Property Based Improvement District (PBID) according to <br />the agreement between the City and PBID <br />4. It is anticipated the fire services will be transferred to Orange County Fire Authority in <br />fiscal year 2013. Upon request by the City, the auditor may be required to perform <br />annual "operational audits "' of the Santa Ana Fire services performed by the Orange <br />County Fire Authority. <br />