MACIAS GINI & O'CONNELL LLP 3f -2012

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5 1 P a g e- AUDITING SERVICES - REQUEST FOR PROPOSAL Investment of funds is administered through the Finance and Management Services Department pursuant to the Charter. As of December 31, 2012, the City's portfolio consisted of $98.07 million in the State of California Local Agency Investment Fund (LAIF) and $231.4 million in all other bank accounts and securities. The City directly manages its investment portfolio. O. Department of Finance and Management Services The Department of Finance and Management Services encompasses the general accounting, treasury, utility billing, building maintenance, fleet maintenance, information technology, payroll and purchasing functions. It consists of a staff of 124. Investment of funds is administered through the Finance and Management Services Department pursuant to the Charter. P. Component Units Blended component units, although legally separate entities, are, in substance, part of the government's operations and so data from these units are combined with the data of the primary government. Each blended component unit as described below has a June 30 year- end. The City has no discretely presented component units. Community Redevelopment Agency of the City of Santa Ana The Redevelopment Agency (RDA) was originally established in 1973 to eliminate blighted areas through the redevelopment of six project areas under provisions of the California Community Development Law. Effective September 1, 2004, the RDA amended its project area plans to create one merged project area within the City. The City's Council members serve as the RDA's Directors, designate management, and have full accountability for the RDA's fiscal matters. The RDA's financial data and transactions are included with the debt service funds and capital projects funds. The RDA prepares a separate Component Unit Financial Report (CUFR) and a copy can be obtained from the City's Finance and Management Services Agency. On June 29, 2011, State Assembly Bill X1 26 (ABX1 26 - Dissolution bill) was adopted. On December 29, 2011 the California Supreme Court issued its ruling and upheld ABX1 26. On January 9, 2012, the City adopted a resolution declaring its intent to serve as the Successor Agency and designating the Housing Authority of the City of Santa Ana to serve as the Successor Housing Agency. Housing Authority of the City of Santa Ana The Housing Authority (the "Authority ") was established in 1972 pursuant to Housing Authority Laws of California to provide rental assistance programs to low- income families and senior citizens, and to operate a Housing Rehabilitation Loan Program. The Authority is governed by a commission of seven members comprised of the City Council, which designates management and has full accountability for the Authority's fiscal affairs. The Authority's financial data and transactions are included with the special revenue Housing Authority fund. There is no separate Component Unit Financial Report (CUFR) prepared for the Authority. Santa Ana Financing Authority The Santa Ana Financing Authority (SAFA) was organized in August 1993, for the primary purpose of assisting in the financing and refinancing of certain redevelopment activities of the RDA and certain public programs and projects of the City. The Financing Authority is administered by a board whose members are the Mayor of the City and the members of the City Council. The SAFA's board has full accountability for the Financing Authority's fiscal affairs. The SAFA's financial data and transactions are included with the debt service funds and the Water Enterprise Fund. There is no separate Component Unit Financial Report (CUFR) prepared for SAFA.