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Badawi & Associates, CPAs City of La Quinta TECHNICAL PROPOSAL For Professional Auditing Services for the City of La Quinta For fiscal years ending June 30, 2024 through 2028. December 1, 2023 Contact Person: Ahmed Badawi, CPA Badawi & Associates Certified Public Accountants 2855 Telegraph Avenue, Suite 312 Berkeley, CA 94705 Phone: (510) 768-8244 Fax: (510) 768-8249 E-mail: abadawi@b-acpa.com City of La Quinta Table of Contents Page Letter of Transmittal ................................................................................................................................................... 1  Firm Qualifications and Experience .......................................................................................................................... 3  Independence ........................................................................................................................................................... 3  Insurance .................................................................................................................................................................. 3  License to Practice in California................................................................................................................................ 3  Conflict of Interest ..................................................................................................................................................... 3  Firm Qualifications .................................................................................................................................................... 3  Technical Approach .................................................................................................................................................. 4  Firm Experience ........................................................................................................................................................ 5  Additional Activities ................................................................................................................................................... 5  Client Training Seminar ............................................................................................................................................ 6  GASB 68 Firm Developed Tools and Assistance ..................................................................................................... 6  Flowcharting Documentation .................................................................................................................................... 6  Quality Control Review ............................................................................................................................................. 6  Federal or State Desk Reviews ................................................................................................................................ 9  Disciplinary Action ..................................................................................................................................................... 9  Litigations .................................................................................................................................................................. 9  Partner, Supervisory, and Staff Qualifications and Experiences ........................................................................ 10  Similar Engagements with Other Governmental Entities ..................................................................................... 18  Understanding of Services to be Provided ............................................................................................................ 22  Specific Audit Approach .......................................................................................................................................... 23  Objectives of Our Services ..................................................................................................................................... 23  Audit Approach ....................................................................................................................................................... 23  Technical Approach ................................................................................................................................................ 24  Use of Technology in the Audit ............................................................................................................................... 27  Audit Schedule .......................................................................................................................................................... 29  Discussion of Relevant Accounting Issues ........................................................................................................... 32  Comprehensive Cost Bid ......................................................................................................................................... 33  Conclusion ................................................................................................................................................................. 35  Appendix .................................................................................................................................................................... 36  References .............................................................................................................................................................. 36  Exceptions to the Contract ...................................................................................................................................... 37  RFP Attachment – Insurance Requirements Acknowledgement ............................................................................ 38  RFP Attachment – Non-Collusion Affidavit Form .................................................................................................... 39  RFP Attachment – Acknowledgement of Receipt Of Addenda .............................................................................. 40  December 1, 2023 Letter of Transmittal Ms. Claudia Martinez Finance Director/Treasurer City of La Quinta 78495 Calle Tampico La Quinta, California 92253 Dear Ms. Martinez: Badawi & Associates (B&A), Certified Public Accountants (the “Firm”) is pleased to have the opportunity to respond to your request for a proposal to provide external audit services and to submit its qualifications to perform an independent audit of the financial statements of the City of La Quinta (the “City”) for the fiscal years ending June 30, 2024 through 2028. The objective of our audits is to issue opinions regarding the fairness of presentation of the financial position of the City in accordance with generally accepted accounting principles. These audits are to be performed in accordance with generally accepted auditing standards, the standards set forth for financial audits in the Government Accountability Office’s (GAO) Government Auditing Standards, the provisions of the federal Single Audit Act of 1984, as amended in 1996, and the Uniform Guidance, Audits of States, Local Governments and Non- Profit Organizations, Uniform Administrative Requirements, as well as any other applicable federal, state, local or programmatic audit requirements. We will also perform the following as part of our engagement: - Single Audit - Gann Limit Agreed-upon Procedures - State Controller’s Report We will also apply limited audit procedures to Management’s Discussion and Analysis (MD&A) and required supplementary information. In addition, we will prepare the management letter containing comments and recommendations regarding our review and evaluation of the systems of internal control and accounting procedures. This proposal will highlight the background of the partners and staff assigned to the engagement, summarize our experience in the governmental area, and describe our approach to auditing the City. This proposal demonstrates our ability to render the quality examination and to perform the necessary accounting and auditing services requested by the City on a timely basis. As a partner of the Firm, I will be the primary contact for negotiation of the contract. Additionally, I have been authorized to legally bind the Firm. You may contact me at the following address and phone number: Ahmed Badawi, CPA Badawi & Associates Certified Public Accountants 2855 Telegraph Avenue, Suite 312 Berkeley, CA 94705 Telephone: (510)768-8244 E-mail: abadawi@b-acpa.com Ms. Claudia Martinez Finance Director/Treasurer City of La Quinta Page 2 2 We are committed to performing the required work, completing the audit, and issuing the necessary auditors’ reports. We believe we are the best qualified to perform the audit because our audit staff includes individuals well versed in municipal auditing and reporting requirements. We have performed auditing and consulting engagements for numerous cities throughout California. We will be responsive to the needs of the City, we understand the City’s operational environment, and pledge to you our complete commitment to providing a quality product that meets the City’s requirements. The approach to the audit has been designed to meet the audit requirements of the City with the least disruption to the City’s office operations. The foundation of the audit approach is based on communication coupled with a strong knowledge of City operations and detailed planning at the initial stages of the audit. Open communication lines with all parties of the Engagement Team and City Management and staff throughout the engagement eliminate “surprises”. Initial planning and proper assignment of duties to experienced personnel provide for an effective and efficient audit process. Consequently, inefficiencies and disruptions are kept to a minimum. In addition, we perform almost half of the audit tasks during the interim phase to minimize any unforeseen delays during the year-end phase and to ensure a smooth and timely audit process. The Firm maintains liability insurance coverage for professional liability, Workers’ Compensation, Comprehensive General Liability and Auto as part of our comprehensive insurance policy. The Firm is an Equal Opportunity employer and complies with all Federal and State hiring requirements. The Firm also supports Affirmative Action philosophies and works hard to provide disadvantaged groups with opportunities for self enhancement. This proposal is a firm and irrevocable offer for 180 days. We are confident that you will find our organization offers the required expertise, technical knowledge, and business understanding to perform an audit of the City. Our past experience provides us with a thorough understanding of the needs and requirements of the City, as well as the technical knowledge to perform such services in accordance with the accounting and auditing guidelines as published by the various authoritative entities. We welcome your inquiries and look forward to further discussions with you. Sincerely, Ahmed Badawi Partner Badawi & Associates Certified Public Accountants City of La Quinta Technical Proposal 3 Independence The Firm is independent of the City of La Quinta as defined by the GAO’s Standards for Audit of Governmental Organizations, Programs, Activities and Functions, and the AICPA and California State Society of Certified Public Accountants as promulgated in various auditing and professional standards. Insurance The Firm maintains professional liability insurance and other coverage as part of our comprehensive insurance policy. Upon selection as the City’s independent auditor, the Firm and our insurance provider will provide a certificate of insurance to the City which shows the minimum requirements identified by City have been met. License to Practice in California The Firm and all key professional staff assigned to the City’s audit are properly licensed to practice as Certified Public Accountants in the State of California and comply with GAO Government Auditing Standards. The Firm is registered with the California State Board of Accountancy. Its State number is COR6823. The Firm has met all required State and local laws, rules, and regulations. Conflict of Interest The Firm has no conflicts of interest in connection with providing the services described in this proposal. The Firm does not have any financial, business, or other professional relationships with the City or any member of City staff. Firm Qualifications Badawi & Associates was founded by Mr. Ahmed Badawi. Mr. Badawi has over 20 years of experience working with state and local government with a special focus on cities. Prior to founding B&A, Mr. Badawi was a partner with several local and national firms, where he headed their government practice in Northern California. Mr. Badawi founded Badawi & Associates to serve the fast-paced needs of California's local governments. The goal is to build a proactive, client-focused culture from the ground up and to eliminate the entrenched bureaucratic culture and intrinsic limitations of the big audit firms. Located in Berkeley, CA, the Firm serves a variety of cities and towns throughout California as well as conducting financial related services for numerous special districts and authorities. Names and phone numbers of several of our current and past clients and other references are provided for your inquiries. We encourage you to contact these individuals to obtain information on the quality of the audit and the ability of the audit staff. Our Berkeley office will be the Engagement Office assigned to the City. In addition to specific City financial statements, the Firm members have also audited numerous redevelopment agencies, public financing authorities, hospitals, housing authorities, transportation authorities, special districts, water districts, OCJP grants, self-insurance pools, joint power authorities and has also performed numerous compliance audits in accordance with the Single Audit Act, childcare regulations, TOT regulations, AQMD regulations, franchise requirements. The Engagement Partner assigned to the City will be Mr. Ahmed Badawi. Mr. Badawi has over 20 years of government audit experience. He is a member of various governmental committees, has actively participated in the development of accounting and audit guidelines for the governmental sector, and is an instructor for the California Society of Municipal Finance Officers. Firm Qualifications and Experience City of La Quinta Technical Proposal 4 The professional staffs assigned to the Engagement are qualified and experienced. Each individual of the Engagement Team has several years of experience and has conducted or participated in numerous municipal audits of various sizes. Their understanding of governmental operations and the various authoritative guidelines will provide the where-with-all to perform the audit in an efficient and effective manner with minimal disruption to the City’s finance department. Technical Approach The approach to the audit has been designed to meet the audit requirements of the various authorities with the least disruption to the City’s operations. The foundation of the audit approach is based on communication coupled with a strong knowledge of City operations and detailed planning at the initial stages of the audit. Open communication lines with all parties of the Engagement Team and City Management and staff throughout the engagement eliminate “surprises”. Initial planning and proper assignment of duties to experienced personnel provide for an effective and efficient audit process. Consequently, inefficiencies, disruptions, and lack of understanding are kept to a minimum. The audit approach will consist of four phases: 1) Initial Planning Meeting: The Engagement Partner and Manager will meet with City Management to discuss the audit approach, identify specific needs of City Management, and familiarize themselves with City policies and practices. 2) Interim: The Engagement Team members including the Engagement Team Partner will perform the internal control reviews, test transactions, evaluate compliance with Single Audit Act requirements, identify potential audit issues that need to be addressed, perform limited confirmation procedures, and develop a clear understanding between the Engagement Team and City Management of the year-end audit responsibilities and assignments. In addition, we strive to complete many of the year-end audit tasks during the interim phase to ensure a smoother audit process. We will work with the City on providing a list of those tasks that we will target to complete during interim and work with the City on how to complete them to minimize the amount of effort and time needed at year- end which in turn will assist the City in meeting its goal of issuing the Annual Comprehensive Financial Report. 3) Year-end: The Engagement Team members including the Engagement Team Partner will conduct validation procedures on general ledger account balances, complete confirmation procedures, perform analytical procedures on revenue and expenditures, perform search for unrecorded liabilities, complete compliance work on Federal Assistance, and wrap up audit field work. 4) Reporting: Auditor’s reports for all City reporting entities and compliance requirements will be finalized along with Single Audit Reports and Management Letter comments. The Partner and Manager will be available to make presentations to the City Council and/or designated bodies. City of La Quinta Technical Proposal 5 Firm Experience The Firm is located in Berkeley and provides a full range of accounting services to governmental agencies throughout California, including audit, tax and accounting. The Firm’s professional staff members provide the financial background and specific experience to meet the City’s operational needs. Additionally, this situation provides the City with an auditing firm that has depth in capabilities to address any financial issue the City may need assistance with, and the quality audit approach that you expect. Our Berkeley office will be the Engagement Office assigned to the City. Firm policy requires that the Engagement Partner, during the first year of the engagement, be actively involved in the daily fieldwork. This means to the City that Mr. Badawi will actually be on-site during the audit coordinating the audit process, supervising the audit staff, gaining a hands-on understanding of City processes, and benefiting the City with his broad municipal experience. We have found that this effort benefits the City and the Firm through developing a thorough knowledge of the City’s practices and issues and establishing a close working relationship with the City’s Management. Additionally, continuity of audit personnel is assured because of the hands on involvement of the Partner. We are committed to providing appropriate and related experience, personal involvement, and a broad business perspective to produce a quality end product within the time frames required. The Firm provides financial and compliance auditing services to governmental agencies throughout California. We are a governmental agency auditing firm and our professional staff members have been performing these services for many years. As a result, we have performed financial and compliance audits on most, if not all, types of governmental agencies and operations including:  Cities  Redevelopment Agencies  Financing Authorities  Housing Authorities  Special Districts  Water Districts  Waste Management Authorities and Operations  Pension Plans  Child Care Operations  Joint Power Authorities  Investment Activities  Landfills  Enterprise Funds  Airports  Transportation Operations  Federal and State Grants Additional Activities We offer a full range of accounting and finance services to the governmental sector. These services include:  Financial audits  Compliance audits  Tax advice  Development of financial and accounting policies and procedures  Investment review and compliance evaluation  Operational reviews  Technical guidance on existing and upcoming accounting issues  Training seminars  Pension/profit-sharing plans  Performance audits  Business consulting Consequently, Firm personnel are well qualified to perform the services expected by the City. City of La Quinta Technical Proposal 6 Client Training Seminar The Firm hosts an annual update on recent technical accounting and finance issues affecting the governmental area. This all day session reviews new and anticipated pronouncements from GASB, discusses future issues under consideration by GASB, reviews accounting treatment of various transactions where issues may arise, and provides a general overview of state and federal compliance issues. All of our clients are invited to attend, free of charge. The one day session qualifies for CPE under the rules of the State Board of Accountancy and is held in the Bay Area. GASB 68 Firm Developed Tools and Assistance The Firm has developed tools to assist our clients with preparation of GASB 68 journal entries for the CalPERS’ Cost Sharing Plans (for which individualized actuarial valuations are no longer prepared) and the CalPERS’ Agent Multiple Employer Plans. In addition to providing our clients with these tools and instructions on how to use them, we are available to answer any questions on how to prepare and complete the GASB 68 journal entries. Flowcharting Documentation As part of our risk assessment procedures, we prepare flowcharts for documenting our understanding of the City’s significant accounting and financial processes. Flowcharts are updated annually for any changes in the City’s processes and copies can be provided upon request for the City’s internal use. Flowcharted processes may include:  Financial Reporting, Closing, and Manual Journal Entries  Cash Receipts, Billing, and Accounts Receivable/Revenues  Cash Disbursements, Purchasing, and Accounts Payable/Expenditures  Payroll and Human Resources Quality Control Review According to Government Auditing Standards, firms who perform audits under the Yellow Book are required to have a peer review once every three years. We received a report with a rating of pass with no deficiencies which we attached for your review. City of La Quinta Technical Proposal 7 City of La Quinta Technical Proposal 8 City of La Quinta Technical Proposal 9 The Firm has policies and procedures to ensure it hires only qualified people, that it properly supervises them and provides professional training, that it advances them to responsibilities they are capable of handling, and that it provides them with necessary technical resources. All members of the Firm are very familiar with the stringent quality control standards established by the AICPA. The Firm is a member of the AICPA Government Audit Quality Center. The Firm is a member of the AICPA Private Companies Practice Section. Federal or State Desk Reviews The Firm has had no negative federal or state reviews in the past three (3) years. Disciplinary Action There has not been any state or federal disciplinary actions taken or pending against the Firm nor any findings to report. Litigations The Firm has not experienced any lawsuits or legal actions that have been resolved or are currently pending in the prior five years. City of La Quinta Technical Proposal 10 The Engagement Team will normally consist of seven individuals who provide a broad business perspective and significant experience in governmental auditing. This team will provide access to a wide range of technical capabilities which will provide the City with not only the technical support necessary to perform the audit, but also the broad business background to interpret findings and observations to offer effective solutions to issues, and the personal involvement of the Engagement and Compliance Partners of the Firm. The Engagement Team will be led by Ahmed Badawi, CPA. Mr. Badawi’s background includes over twenty years of municipal auditing experience with a special focus on cities. He is the instructor of the CSMFO “Introduction to Governmental Accounting” training classes. Mr. Badawi is a member of the Government Accounting and Auditing Committee of the California Society of Certified Public Accountants. He has participated in the audits of numerous City, county and special district governments, as well as non-profit entities. His diversified background offers the technical qualities required of the governmental and non-profit areas and the necessary wherewithal to properly evaluate the entire accounting process, develop opportunities to improve the accounting process, and to offer practical business recommendations. The second member of the Engagement Team will be Wenwei Zhao, CPA. Ms. Zhao’s background includes six years of accounting and auditing experience. She has participated in the audits of numerous governmental entities and assisted in their efforts to publish their financial statements in compliance with various regulations, and is a volunteer member of the GFOA Special Review Committee. Ms. Zhao will be the Audit Manager of this engagement. The third member of the Engagement Team will be Samantha “Samo” Michel. CPA. Ms. Michel’s background includes five years of accounting and auditing experience. She has participated in the audits of numerous governmental entities and assisted in their efforts to publish their financial statements in compliance with various regulations. Ms. Michel will be the Audit Senior of this engagement. Engagement Partner Ahmed Badawi CPA Audit Manager Wenwei Zhao CPA Engagement Quality Reviewer Mitesh Desai CPA Audit Senior Samantha “Samo” Michel, CPA Professional Audit Staff Professional Audit Staff IT Specialist Omar Rahman, CPA, CISA Partner, Supervisory, and Staff Qualifications and Experiences City of La Quinta Technical Proposal 11 The fourth member of the Engagement Team will be Omar Rahman, CPA, CISA. Mr. Rahman has over 10 years of experience in the field of Information Technology (IT) audit and risk management at the senior and executive management level. He has worked extensively with government agencies, private organizations, and public companies, providing external and internal audit services in support of financial statement audits. Mr. Rahman will serve as the I.T. Specialist of this engagement. The fifth member of the Engagement Team will be Mitesh Desai, CPA. Mr. Desai’s background includes sixteen years of experience in municipal auditing. Mr. Desai has participated in the audits of numerous governmental agencies, assisted in their efforts to publish their Annual Comprehensive Financial Reports in compliance with GASB 34, and a volunteer member of the GFOA Special Review Committee. Mr. Desai is responsible for conducting in-house trainings for staff auditors and is credentialed with the Advanced Single Audit Certificate offered by the AICPA. He will serve as the Engagement Quality Reviewer. Each member of the Engagement Team participates in continuing education programs offered by the AICPA and California State Society of Certified Public Accountants, and each has met the continuing education requirements for municipalities. In addition, the firm offers at least 60 hours of in-house CPE annually focused mainly on municipal audits. Professional Development: The Firm maintains a comprehensive training program targeted at appropriate professional staff levels. It utilizes in-house developed educational programs, AICPA and California CPA Foundation educational programs, and on-the-job training. The Firm’s annual training schedule which officially begins in April for all professional staff and administrative staff includes comprehensive in-house training sessions on such topics as:  Review of principles of accounting and financial reporting for state and local governments  Review of governmental fund types and account groups  Review of newly issued generally accepted auditing standards and GAO auditing standards  Review of Internal Control evaluation approaches including COSO principles  Updates on recent governmental accounting and reporting guidelines  Review of Single Audit requirements and approaches  Review of financial audit approaches  Overview of audit and internal control work paper techniques  Review of GASB reporting requirements  Review of current issues facing the governmental community During the year, professional staff members are sent to various educational sessions sponsored by the AICPA and California State Society of CPAs, as considered appropriate for the level and need of the individual. These classes include, among others:  Governmental Financial Reporting Standards and Practices  Yellow Book: Government Auditing Standards  Financial Accounting Standards: Comprehensive Review  Single Audit  Governmental Auditing & Accounting Update  Governmental Accounting Principles  Comprehensive Review of Generally Accepted Auditing Standards The result of the Firm’s training program is the production of a highly educated and competent municipal audit group capable of performing an efficient and effective audit for the City. The Engagement Team members will continue their professional development efforts. City of La Quinta Technical Proposal 12 Staff Retention and Continuity: The Firm's policy on providing service to our clients includes a commitment to maintaining continuity of audit personnel. We cannot guarantee that our staff will remain with the Firm. However, to encourage our staff to remain with us, we pay competitive wage rates; offer promotional opportunities; provide state-of-the-art equipment and excellent working conditions; and offer various benefits, such as retirement plans, medical plans, profit sharing programs, educational benefits, and other such benefits. We can also guarantee that the partner will be involved in future years. Continuity of audit staff is of prime concern to us and because of the hands-on involvement of the partner; we can assure you that future years’ audits will be conducted in an efficient and effective manner with qualified and experienced professionals. The Firm is an Equal Opportunity employer and complies with all Federal and State hiring requirements. The Firm also supports Affirmative Action philosophies and works hard to provide disadvantaged groups with opportunities for self enhancement. Resumes of each member of the Engagement Team follow. City of La Quinta Technical Proposal 13 Ahmed Badawi, Certified Public Accountant – Engagement Partner Length of Career  Over twenty years experience in municipal auditing and accounting with a special focus on cities  Certified Public Accountant for the State of California Professional Experience  Partial listing of clients served:  Has performed numerous financial audits, Single Audits, Transportation Development Act audits, housing audits, electrical utility audits, RDA audits, PFA audits, and Trust Fund audits, and has prepared numerous Annual Comprehensive Financial Reports Education  BS Degree in Accounting from the University of Alexandria, Egypt Professional Activities  Instructor, CSMFO’s “Introduction to Governmental Accounting” training class  Member, CALCPA Government Accounting and Auditing Committee  Member, American Institute of Certified Public Accountants  Member, California Society of Certified Public Accountants  Member, Government Finance Officers Association  Member, California Society of Municipal Finance Officers Continuing Education  Has met the current CPE educational requirements to perform audits on governmental agencies Financial Single RDA PFA Enterprise Audit Audit Audit Audit Fund Other Cities: Albany X X X X Antioch XX XXX Atwater X X X Azusa X X X X Berkeley XXX XX Buena Park X X X X X Burlingame X X X Cotati X X X Dublin X X X East Palo Alto X X X X El Cerrito XXX XX Folsom XX XX Foster City XXX XX Fremont X X X X Guadalupe X X X X X Lafayette X X X X Larkspur X X X X Lindsay X X X Menlo Park X X X X X Newark X X X X Oakdale XXX XX Ontario X X X X Petaluma X X Pinole X X X X Pleasanton X X X X Richmond XXXXXX San Bruno X X X X X San Leandro X X X X San Luis Obispo X X X San Mateo XXX XX Scotts Valley X X X X Solvang X X Susanville X X Turlock XXXXXX Union City XXX XX Vacaville XXXX X Walnut Creek X X X X X Counties: Santa Cruz County XXXXXX Contra Costa County XXXXXX Special Districts and Other: Alameda County Water District X X X East Bay Regional Park District X X X Services Provided City of La Quinta Technical Proposal 14 Wenwei Zhao, Certified Public Accountant – Professional Audit Manager Length of Career  Six years experience in auditing  Certified Public Accountant for the State of California Professional Experience  Has performed numerous financial audits, Single Audits, RDA audits, PFA audits, Transportation Development Act audits, and housing audits Education  Master of Accounting from University of Pittsburgh, PA Professional Activities  Volunteer Member, GFOA Special Review Committee Continuing Education  Various municipal accounting courses offered by the California Society of CPAs and local universities including: - Governmental Financial Reporting Standards and Practices - Yellow Book: Government Auditing Standards - Municipal Accounting - Single Audit  Has met the current CPE educational requirements to perform audits on governmental agencies Services Provided Financial Single SCO RDA PFA Enterprise Audit Audit Report Audit Audit Fund Other Cities: Barstow X Berkeley X X X Crescent City X X X X East Palo Alto X X El Cerrito X X X Folsom X X X X Lafayette X X X X X Larkspur X Menlo Park X X X Millbrae X Newark X X X X Oakdale X X X Pinole X X Redwood City X Richmond XXXXX X X San Luis Obispo X X X San Mateo X X Susanville X X Town of Los Gatos X Town of Yountville X X Union City X X X X Waterford X Yuba City X X X X Towns: Los Gatos X Child Care Programs: Contra Costa County Child Care X X Special Districts: San Gabriel Valley Council of Governments X X Cosumnes Services District X Elk Grove Water District X Hayward Area Recreation and Park District X Marin Municipal Water District X Resource Conservation District of Santa Cruz County X San Mateo County Mosquito and Vector Control District X Santa Cruz Regional 9-1-1 X City of La Quinta Technical Proposal 15 Samantha “Samo” Michel, Certified Public Accountant – Professional Assurance Senior Length of Career  Five years of experience in municipal auditing  Three seasons of experience in personal tax preparation  Certified Public Accountant for the State of California Professional Experience  Has participated in several financial audits, Single Audits, RDA audits, PFA audits, Transportation Development audits, and housing audits Education  BS, University of Washington, Seattle, WA  Accounting, Foothill College, Los Altos Hills, CA Professional Activities  Member, California Society of Certified Public Accountants  Member, Forensic Services Section, California Society of Certified Public Accountants Continuing Education  Various municipal accounting courses offered by the California Society of CPAs and local universities including: - Governmental Financial Reporting Standards and Practices - Yellow Book: Government Auditing Standards - Municipal Accounting - Single Audit  Has met the current CPE educational requirements to perform audits on governmental agencies Services Provided Financial Single SCO TDA RDA Enterprise Audit Audit Report Audit Audit Fund Other Cities/Towns: Antioch X X X X Barstow X Berkeley X X X Buena Park X Crescent City X X X East Palo Alto X X El Cerrito X Folsom X X X Guadalupe X X X Los Gatos X X X Millbrae X X Menlo Park X X Pismo Beach X X X San Luis Obispo X X X X San Mateo X X X X San Bruno X X Union City X Vacaville X X Waterford X Yuba City X Counties: Contra Costa County X Special Districts and Other: Hayward Area Recreation District X X Amador County Transporation Commission X X Amador Transit X X Central County Fire District X Elk Grove Water District X Port of San Luis Harbor X San Mateo Consolidated Fire District X StopWaste X X City of La Quinta Technical Proposal 16 Omar Rahman, Certified Public Accountant, Certified Information System Auditor – Information Technology Specialist Length of Career  Over ten years of experience auditing information technology (IT) processes and controls  Certified Public Accountant for the State of California  Certified Information System Auditor Areas of Expertise  IT risk consulting and audit services for governmental entities, private/public companies, nonprofits, and professional service organizations  External and internal IT audit services in support of financial statement audits  Technical guidance/support on IT risks and controls in relation to SOX 404a and SOX 404b compliance, NIST 800-53/171a, Cyber Security Framework, HIPAA Technical Safeguards, CCPA/GDPR compliance, COBIT 2019 Framework  Managed entire life cycle of IT internal and external audit engagements from planning research, audit program development, fieldwork and reporting  Assess risks related to IT processes/assets and corresponding applications/tools  IT control testing over business automated controls, general IT controls, and cyber security controls as well as IT substantive testing over information systems. Presentations  November 2017 - Institute of Internal Auditors - General IT Controls for Internal Audit  December 2018 - Institute of Internal Auditors - SDLC Process and Audit/Risk Considerations  February 2019 - IT Audit for Business Process Professionals  May 2019 - IT Internal Audit Emerging Technologies: Data Analytics  September 2019 - Information Systems Audit and Control Association Education  B.S. Degree in Economics, University of California, Los Angeles, CA. Professional Activities  Certified Public Accountant - California  Certified Public Accountant - Ohio  Certified Information System Auditor City of La Quinta Technical Proposal 17 Mitesh Desai, Certified Public Accountant – Engagement Quality Reviewer Length of Career  Sixteen years experience in municipal auditing with a special focus on cities  Certified Public Accountant for the State of California Professional Experience  Has performed numerous financial audits, Single Audits, RDA audits, PFA audits, Transportation Development Act audits, and housing audits Education  BS Degree in Business Economics with an emphasis in Accounting from University of California, Santa Barbara Professional Activities  Member, American Institute of Certified Public Accountants  Member, California Society of Certified Public Accountants  Volunteer Member, GFOA Special Review Committee Continuing Education  Various municipal accounting courses offered by the California Society of CPAs and local universities including: - Governmental Financial Reporting Standards and Practices - Yellow Book: Government Auditing Standards - Municipal Accounting - Single Audit  Has met the current CPE educational requirements to perform audits on governmental agencies Financial Single RDA PFA Enterprise Audit Audit Audit Audit Fund Other Cities: Albany X Antioch X X X Azusa X X X X Berkeley X X X X X Buena Park X X X X Calimesa X X X Crescent City X X X X X Dablin X X X East Palo Alto X X X X El Cerrito XXX XX Foster City X X X X X Fremont X X X X X Lemon Grove X X Lindsay X X X Menlo Park X X X Millbraie X X X X Newark X X X X Oakdale X X X X Pittsburg X X X X X Placerville X X X X Rio Vista XXXX San Mateo XXX XX Sebastopul X X X X Solvang X X Susanville X Turlock XXX Union City XXX Vacaville XXXX X Waterford XXXX Yountville XXX Yuba City XX XX Child Care Programs: Menlo Park Child Care XX Stanislaus County Childcare XX Non-profits: Housing Endowment and Regional Trust X Special Districts and Other: Castro Valley Sanitary District X Cosumnes Community Services District X Marin Municipal Water District X West County Wastewater District XX XX Services Provided Contra Costa Child Development Programs City of La Quinta Technical Proposal 18 The tables below and on the following page are a partial listing of our clients similar to the City, and illustrates the many different types of components involved in each audit engagement that present very difficult and complex auditing and accounting challenges (in order of audit hours). ** Indicates cities with population over 50,000 ** Indicates cities with governmental revenues over $100 million and population over 50,000 CityClient Since Hours Engagement PartnerPrincipal Contact Annual Comprehensive Financial ReportGFOA AwardRDA/Successor AgencySingle AuditTDAWater FundSewer FundSCO ReportHousing AuthorityEnterprise FundsPension Trust Fund** Richmond 2020 3,160 Ahmed Badaw i Andrea Miller Finance Director (510)412-2077 Andrea_Miller@ci.richmond.ca.us X XXX XXXXX ** Berkeley 2008 1,505 Mitesh Desai Henry Oyekanmi Finance Director (510)981-7300 hoyekanmi@ci.berkeley.ca.us XXXXX X XX ** Ontario 2021 1,012 Ahmed Badaw i Armen Harkalyan Executive Director of Finance (909)395-2019 aharkalyan@ontarioca.gov X XXX XXXXX * Union City 2006 850 Mitesh Desai Jackie Acosta Finance Director (510)675-5345 jackiea@unioncity.org XXXXX X X ** Folsom 2019 807 Ahmed Badaw i Stacey Tamagni Finance Director (916)461-6712 stamagni@folsom.ca.us XXXX XX X * Petaluma 2019 691 Ahmed Badaw i Corey Garberolio Finance Director (707)778-4357 cgarbero@cityofpetaluma.org X XXXXXXX *San Luis Obispo 2019 638 Ahmed Badaw i Emily Jackson Finance Director (805)781-7125 ejackson@slocity.org X X XXXX * Antioch 2005 586 Mitesh Desai Dawn Merchant Finance Director (925)779-6135 dmerchant@ci.antioch.ca.us X XXXXXX X Lafayette 2020 586 Ahmed Badaw i Jennifer Wakeman Assis. Administrative Services Director (925)299-3213 JWakeman@lovelafayette.org XXX X X ** Dublin 2018 546 Ahmed Badaw i Jay Baksa Director of Finance & Admin. Services (925)833-6640 Jay.Baksa@dublin.ca.gov XX XX X Azusa 2017 540 Ahmed Badaw i Talika Johnson Administrative Services Director (626)812-5202 tjohnson@AzusaCa.Gov XXXX XX X Similar Engagements with Other Governmental Entities City of La Quinta Technical Proposal 19 CityClient Since Hours Engagement PartnerPrincipal Contact Annual Comprehensive Financial ReportGFOA AwardRDA/Successor AgencySingle AuditTDAWater FundSewer FundSCO ReportHousing AuthorityEnterprise FundsPension Trust FundMillbrae 2015 524 Mitesh Desai Mike Sung Finance Director (650)259-2433 msung@ci.millbrae.ca.us XXXX XX X Glendora 2022 487 Ahmed Badaw i Kyle Johnson Assistant Finance Director (626)914-8245 kjohnson@cityofglendora.org X XXX X XXX San Bruno 2022 486 Ahmed Badaw i Nick Pegueros Chief Financial Officer (650)616-7054 NPegueros@sanbruno.ca.gov X X XXXXX X * Yuba City 2017 450 Mitesh Desai Spencer Morrison Finance Director (530)822-4615 smorrison@yubacity.net XXXX XXX X Wasco 2021 428 Ahmed Badaw i Isarel Perez-Hernandez Finance Director (661)758-7230 isperez@cityofwasco.org X XXXXXX Pismo Beach 2022 389 Ahmed Badaw i Nadia Feeser Administrative Services Director (805)773-7010 nfeeser@posmobeach.org XXXX XXX X Larkspur 2019 382 Ahmed Badaw i Cathy Orme Administrative Services Director (415)927-5019 Finance@cityoflarkspur.org XXX Atwater 2021 380 Ahmed Badaw i Kellie-Jacobs Hunter Finance Director (209)357-6347 kjacobshunter@atwater.org XX XXXX Lemon Grove 2022 377 Ahmed Badaw i Joseph Ware Finance Director (619)825-3803 Jware@lemongrove.ca.gov XXX X Waterford 2018 311 Mitesh Desai Tina Envia Finance Manager (209)874-2328 Ext: 104 tenvia@cityofwaterford.org XXXX Solvang 2019 308 Ahmed Badaw i Brad Vidro Interim City Manager (805)688-5575 ext 204 bradv@cityofsolvang.com XX XXX Oakdale 2016 306 Mitesh Desai Albert Avila Finance Director (209)845-3584 aavila@ci.oakdale.ca.us XXXXX X City of La Quinta Technical Proposal 20 CityClient Since Hours Engagement PartnerPrincipal Contact Annual Comprehensive Financial ReportGFOA AwardRDA/Successor AgencySingle AuditTDAWater FundSewer FundSCO ReportHousing AuthorityEnterprise FundsPension Trust FundGuadalupe 2017 303 Mitesh Desai Janice Davis Finance Director (805)356-3895 Jdavis@ci.guadalupe.ca.us XX XX X Sebastopol 2017 275 Mitesh Desai Ana Kw ong Finance Director (707)824-4879 akwong@cityofsebastopol.org XXX XXX X Cotati 2020 265 Ahmed Badaw i Angela Courter Director of Administrative Services (707)665-4236 acourter@cotaticity.org XX XX X Crescent City 2014 227 Mitesh Desai Linda Leaver Finance Director (707)464-7483 x224 lleaver@crescentcity.org XX XX XX Scotts Valley 2019 202 Ahmed Badaw i Selina Andrews Finance Manager (831)440-5614 sandrews@scottsvalley.org XXX X X City of La Quinta Technical Proposal 21 The table below lists all special district engagements (in order of audit hours): Special District Client SinceHoursEngagement PartnerPrincipal Contact Annual Comprehensive Financial ReportGFOA AwardSingle AuditEnterprise FundsSan Gabriel Valley Council of Governments 2021 618 Ahmed Badawi Rey Alimoren, Director of Finance (626) 962-9292 ralimoren@sgvcog.org No N/A X X County of Contra Costa Community Services Bureau Child Development Program 2013 450 Mitesh Desai Nancy Benavides Fiscal Officer (925)681-4268 nbenavidas@ehsd.cccounty.us No N/A Union Sanitary District 2023 362 Ahmed Badawi Mark Carlson, CPA CFO/Business Services Manager (510)477-7510 markc@unionsanitary.ca.gov Yes Yes X Florin Resource Conservation District/ Elk Grove Water District 2015 350 Mitesh Desai Patrick Lee Finance Manager / Treasurer (916)685-3556 plee@egwd.org Yes Yes X Hayward Area Recreation and Park District 2017 350 Mitesh Desai Anne Maze Administrative Services Director (510)881-6707 maza@haywardrec.org No N/A X San Ramon Valley Fire Protection District 2021 285 Ahmed Badawi Ms. Davina Hatfield Chief Financial Officer (925)838-6668 dhatfield@srvfire.ca.gov Yes Yes X Solano County Water Agency 2020 243 Ahmed Badawi Roland Sanford General Manager (707) 455-1103 rsanford@scwa2.com No Yes San Mateo Mosquito and Vector Control District 2018 228 Ahmed Badawi Richard Arrow Finance Director (650)344-8592 rarrow@smcmvcd.org Yes Yes Monterey Bay Unified Air Pollution Control District 2016 200 Mitesh Desai Rosa Rosales Administrative Services Manager (831)718-8019 rrosales@mbard.org No N/A Ross Valley Fire Department 2021 190 Ahmed Badawi Jeff Zuba Finance & Admin. Services Director (262)989-2208 jzuba@townofsananselmo.org No N/A Southern Marin Fire Protection District 2020 160 Ahmed Badawi Alyssa Schiffmann Finance Manager (415)388-8182 aschiffmann@smfd.org No N/A Alameda County Waste Management Authority (StopWaste)2018 154 Mitesh Desai Jennifer Luong Finance Services Manager (510)891-6500 jluong@stopwaste.org Yes Yes Central County Fire Department 2012 150 Mitesh Desai Jan Cooke Finance Director (650)375-7408 jcooke@hillsborough.net Yes Yes Central Fire Protection District of Santa Cruz County 2018 150 Mitesh Desai Nancy Dannhauser Finance Director (831)479-6842 nancy.dannhauser@centralfiresc.org No N/A Port of San Luis Harbor District 2017 150 Mitesh Desai Jennifer Dance Business Manager (805)595-5413 jenniferd@portsanluis.com Yes Yes X Resource Conservation District of Santa Cruz County 2017 150 Mitesh Desai Arianne Rettinger Director of Finance (831)594-8109 arettinger@rcdsantacruz.org No N/A X Santa Cruz Regional 9 - 1 - 1 2016 150 Mitesh Desai Amethyst Uchida General Manager (831)471-1035 amethyst@scr911.org No N/A Marin Wildfire Prevention Authority 2021 106 Ahmed Badawi Ms. Alyssa Schiffmann Finance Manager, SMFPD (415)952-5859 finance@marinwildfire.org No N/A City of La Quinta Technical Proposal 22 The City desires an audit of the financial records for the City and an expression of an opinion in accordance with generally accepted accounting principles on the fairness of presentation of financial statements for the fiscal years ending June 30, 2024 through 2028. The Firm will:  Express an opinion on the fair presentation of its basic financial statements which includes but is not limited to the financial statements of governmental activities, the business-type activities, each major fund and all aggregate remaining fund information in conformity with generally accepted accounting principles in the United States of America.  Express an "in-relation-to" opinion on the fair presentation of its combining and individual non-major fund financial statements and schedules in conformity with generally accepted accounting principles. The Firm will provide an “in-relation-to” report on the supporting schedules contained in the Annual Comprehensive Financial Report based on the auditing procedures applied during the audit of the basic financial statements and schedules.  Provide an “in-relation-to” report on the schedule of expenditures of federal awards based on the auditing procedures applied during the audit of the financial statements.  Perform the audit in accordance with generally accepted auditing standards accepted in the United States of America, applicable to the financial audit contained in the Government Auditing Standards issued by the Comptroller General of the United States and the provisions of the Uniform Guidance, Audits of States, Local Governments and Non-Profit Organizations.  Perform limited procedures on supplementary information required by the Government Accounting Standards Board.  Issue the following reports, following the completion of the audit of the fiscal year’s financial statements:  Independent Auditor’s Report on Financial Statements and Schedule of Expenditure of Federal Awards  Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards  Independent Auditor’s Report on Compliance with Requirements Applicable to Each Major Program and Internal Control over Compliance in Accordance with the Uniform Guidance  Schedule of Findings and Questioned Costs  Auditor’s Communication with Those Charged with Governance  Annual Comprehensive Financial Report following the requirements and guidelines of the GFOA award program  Gann Limit Agreed-upon Procedures  State Controller’s Report  Provide special assistance to the City as needed.  Retain all working papers and reports at the audit firm’s expense for a minimum of 7 years. In addition, make working papers available to the City and/or any government agency as appropriate. Should any conditions be discovered requiring corrective action, the Firm will provide a detailed description of the findings and recommended actions as to their resolution. Understanding of Services to be Provided City of La Quinta Technical Proposal 23 The Firm will submit a report to the City’s Council and management detailing auditor’s responsibility under generally accepted auditing standards, significant accounting policies, management judgments and accounting statements, significant audit adjustments, other information in documents containing audited financial statements, disagreements with management, management consultations with other accountants, major issues discussed with management prior to retention, difficulties encountered during the audit, and any significant deficiencies or material weaknesses found during the audit. Non-material instances of noncompliance will be reported in a separate management letter, if appropriate, along with any other observations or recommendations determined to be informative to City Management. The Firm will be available to provide advice and counsel regarding significant matters during the year. The Firm’s Partner and Staff welcome the opportunity to make presentations to the City Council and will be ready to respond to questions from the Council and citizens of the City. Objectives of Our Services The basic objective of our audit of the City is to conduct an examination of the financial statements in accordance with generally accepted auditing standards and to express our opinion on the fairness of presentation of such financial statements in conformity with generally accepted accounting principles. Additionally, we believe that another real value of our audit lies in meeting other objectives at no additional cost. The following are other objectives of our services that have important benefits to the City:  To offer substantive observations and recommendations relating to accounting and operating control policies and procedures.  To identify opportunities for operating efficiencies and isolate candidate activities for cost reduction opportunities.  To perform a professional audit in an efficient and effective way to minimize disruption to the office operations.  To offer ongoing advisory services to assist in the running of the operation and implementation of improved operating procedures. The engagement will be conducted within the framework of the Firm's quality control program which includes the use of audit programs, careful planning, use of computerized audit software and internal control evaluation and documentation software, and objective review procedures. On-site staff will use Firm supplied portable computers and printers. Audit Approach The specific audit approach has been designed to efficiently and effectively address the audit requirements of the City, to perform the audit of the City’s financial records in a timely manner with minimal disruptions to office operations, and to meet the City’s timeline. The audit will be conducted in accordance with: 1) Generally accepted auditing standards established by the AICPA. 2) The standards contained in Government Auditing Standards issued by the GAO. 3) Provisions of the Single Audit Act and the Uniform Guidance. 4) Requirements issued by the California State Controller’s office. 5) Other requirements as required. Specific Audit Approach City of La Quinta Technical Proposal 24 We will conduct the necessary audit steps to perform:  Planning of the engagement  Evaluation of the existing internal control environment to determine degree of risk of material misstatement  Determination of degree of compliance with laws, regulations, grant provisions, and City approved policies  Assessment of potential fraudulent issues  Validation of account balances  Verification of reasonableness of management estimates Technical Approach We use an industry specific audit approach tailored to governmental entities. Our governmental audit approach addresses the special risks and circumstances of local governments. As a result, the audit is conducted efficiently and effectively with minimal disruption to your staff. The core of our governmental technical audit approach can be summarized as follows: 1. Planning, Understanding and Communication: Based on our previous audit experience, using the budget, organizational charts, manuals and other financial information systems and our knowledge of how governments work, we will obtain an insight to the specific concerns and sensitivities of the City. Our understanding is updated continuously through our year-round contact and communication efforts. We will agree on common audit objectives and expectations with management before audit work begins and, throughout the audit, will meet regularly with management to discuss audit issues and to gather feedback. 2. In-Depth Review of Systems and Controls: We have developed diagnostic reviews which enable us to evaluate your systems and controls, and to provide management with constructive feedback. Combined with our knowledge of the City and understanding and experience with the City’s accounting software, our control review will form the basis of our audit risk assessment. We will utilize the COSO approach in our evaluation of the City’s internal processes to identify potential control deficiencies. In future years, we will update our understanding through similar procedures. 3. Risk-Based Customized Testing Program: Our audit approach is tailored to governmental applications. We will use audit programs specifically designed to address the operational environment of governmental entities. Our approach will identify potential control risks and the opportunities for risk of material misstatements and fraud. We will evaluate the various risk assessments and identify the potential risks relating to the:  Balance Sheets / Statement of Net Position  Statement of Revenues and Expenditures / Statement of Activities  Presentation  Disclosure Our audit procedures will then be developed to address these risk areas. 4. Expanded Interim Fieldwork: Timeliness and audit efficiency is enhanced by performing extensive interim work. Partners, managers and senior staff work with City staff to identify and resolve potential audit issues early. Accordingly, the amount of audit work to perform at year end is minimized. Because our audit staff is familiar with the operations before year-end fieldwork begins, disruption of accounting staff is minimized. City of La Quinta Technical Proposal 25 5. Smooth Transition: Our testing program focuses on audit risks identified by our understanding of the City’s operations. We will work with the accounting staff to identify the most effective ways to address our objectives. Communication between the members of the audit engagement team and City staff will be fluid and continuous. 6. Sample Size and Sampling Techniques: Our audit approach will include sampling activities. Population size and the level of assurance to be derived from a particular test will dictate the sample size. We use sampling in our audit approach to compliment skilled judgment and knowledge of the particular situation. Our sample size will range normally from 25 to 60 items. 7. Automated Systems: We will evaluate controls over the IT functions to assess control risk. We intend to test controls for purposes of reliance. Our review procedures will evaluate controls over:  Security Management  Logical and Physical Access  Configuration Management  Segregation of Duties  Contingency Planning In addition, we will review controls over:  Input, processing, output, master data  Application interface  Data management system interface Our information Technology Specialists will evaluate the IT operating control environment. 8. Analytical Procedures: We use analytical procedures in several aspects of our audit. Extensive knowledge and industry background are required for effective analytics, and our staff possesses the appropriate experience and knowledge for the City to benefit from these procedures. 9. Approach to be Taken in Determining Laws and Regulations Subject to Audit Test Work: We continuously refer to specific regulations, compliance supplements, state guidelines and contracts currently in force. We perform the procedures required related to laws and regulations, using inquiries, observations and sampling techniques. Some of the laws and regulations that we believe may be applicable to the City are the requirements of the California Public Utilities Commission, Single Audit Act and other applicable laws and regulations, including the California Government Code, provisions of applicable Grant guidelines, California Constitution GANN Limit requirements, requirements of local measures, Child Care Program compliance requirements, etc. 10. Report Format: We will meet with City Management to review report formats. Any report format changes will be made in conjunction with approval from City Management. 11. Work Plans: The detailed work plans will be designed to efficiently and effectively address the audit requirements of the City in accordance with generally accepted auditing standards, to perform the audit of the City’s financial records in a timely manner with minimal disruptions to office operations, and to meet the City’s timeline. City of La Quinta Technical Proposal 26 12. Adjusting Journal Entries: We will discuss and explain proposed audit adjusting entries with the City’s designated Finance Department personnel prior to recording. Audit adjusting entries will be provided in a format showing the lowest level of posting detail needed for data entry on the City’s general ledger system. 13. Listing of Schedules and Tables (anticipated to be prepared by the City): Based on preliminary inquiries made with management and City staff and review of documents, we will tailor a list of schedules, tables, and other reconciliations required for the audit. We will take into account as much as possible reconciliations already prepared by the City for day to day operations and reporting, as well as any reports that are system generated to limit the need for additional City staff hours. The following is a listing of some of the significant reconciliations and schedules that we would normally expect the City to provide to us in assisting us in conducting our fieldwork.  Trial Balance  Annual Comprehensive Financial Report Account Roll Up Schedules  Budget to Actual Reports  Bank Reconciliations  Listing of manually prepared journal entries posted  Summary of Investments held by the City  Capital Asset Schedules  Long Term Debt Schedules  Debt amortization schedules & Calculations of deferred amounts  Calculations of any debt covenants amounts or percentages  Schedule of Leases  Schedule of Expenditures of Federal Awards  Analysis of Deferred Inflows of Resources and Deferred Outflows of Resources  Reconciliation of Receivables to subsidiary ledgers  Calculations for estimate of allowance for uncollectible accounts  Loans Receivable Schedules  Reconciliation of Significant Revenue Accounts  Fee schedules  Compensated Absences Schedules and Copies of Related Policies  Claims Payable Schedules  Pension and OPEB Roll Forward and Supporting Schedules  GASB 54 Fund Balance Roll Forward Schedule  Interfund Transaction Schedules City of La Quinta Technical Proposal 27 The Firm maintains a variety of specialized software packages during the audit that enable us to perform an efficient, thorough, and timely audit and keeping time demands on City staff to a minimum. Trial Balance Management and Financial Statement Preparation ProSystem Fx Engagement allows us to import and manage multiple years of trial balance data including budgetary information, create multiple account groupings, generate reports, post journal entries proposed during the audit (including GASB 34 conversion entries), and link information directly to the financial statements. This gives us the ability to:  Generate immediate trend and other comparative analysis of trial balance and budget data prior to the start of the audit. This allows us to identify potential issues and make inquiries early in the audit  Link the financial statements and footnotes prior to the start of the audit allowing us to have majority of the financial statements (including budgetary comparison schedules and other supplementary information) prepared at the time the trial balance is uploaded  Audit adjustments or City adjustments provided during the audit are automatically reflected in the financial statements Audit Request Management and Document Exchange CCH Engagement Organizer (“Organizer”) is a virtual “Prepared by Client (PBC) List” that streamlines the process of requesting, receiving, and keeping track of documents. The Organizer is an integrated cloud-based request list that helps to facilitate the engagement through more seamless collaboration between the Firm and our clients. By utilizing the Organizer, the City can do all of the following in one secure virtual environment:  Attach files of any type to document requests  Easily track the status of document requests that are either pending, completed by the City, accepted by us, or rejected by us  Access templates and documents from us that require completion  Have multiple City staff get involved and assist in the audit process  Participate in a dialog with us for questions and notes We have found that the use of the Organizer has helped our clients be always informed as to the status of their audit, and not be surprised with new requests or follow up on outstanding requests previously provided. Computer Aided Audit Tools (CAATs) The Firm’s data analytics software enables our Engagement Team to perform more than 150 Computer Aided Audit Tools (or “CAATs”). CCH Teammate Analytics gives us the ability to perform advanced data analysis and increase efficiency. By utilizing this software, we can:  Immediately visualize and analyze 100% of account populations with graphs, charts and statistics to identify anomalies  Make fewer sample selections that are targeted to problematic areas  Quickly analyze transactional data for: o Duplicate records o Missing transactions o Transaction sequence o Unusual items  Compare excel worksheets for changes or differences  Generate immediate testing samples  Perform regression analysis  Filter and extract data from City reports Use of Technology in the Audit City of La Quinta Technical Proposal 28 Audit Planning, Risk Assessment, and Audit Programs Our firm utilizes CCH Knowledge Coach, which is an expert system that adapts and customizes our audit approach specifically based on the City’s structure, operating environment, specific transactions, and identified risks or matters to be addressed in the audit. The software is frequently updated for new industry trends and audit requirements. Included in the software is a continuous diagnosis of audit forms that identifies missing information, procedures, or any conflicts that need to be addressed prior to issuance of the audit report. We have found that this audit tool greatly benefits our audit clients in the following ways:  Removal of standardized audit steps and procedures that do not add value to the audit  Targeted audit procedures focusing on risks and accounts specific to the City’s operations  Audit is always performed in accordance with audit standards especially the risk assessment standards  Maximizing audit efficiency having less City staff time dedicated to gathering information or responding to inquiries by focusing on material issues  Automatic self-diagnostics ensure no audit steps are missed, guaranteeing a quality audit Research Tools We maintain multiple research software packages that are always kept up to date to ensure compliance with accounting and auditing standards, and are also a resources for us to provide guidance to our clients. In addition to accounting and audit literature, we have access to interactive disclosure checklists that include sample footnote disclosures and financial statements. City of La Quinta Technical Proposal 29 2024 Period Audit Tasks April - Planning and Administration  Review and obtain copies of key work papers of prior audit firm.  The entrance conference shall be held with City staff. The purpose of this meeting will be to discuss prior audits and the interim work to be performed. This meeting will also be used to establish overall liaison for the audits and to make arrangements for work space and other needs  Review and evaluate the City's accounting and financial reporting. Prepare an overall memo of recommendations, potential issues, and suggestions for improvements  Prepare overall memo to the City confirming audit procedures, timing, and assistance  Prepare detailed audit work plan and audit programs, audit budget and staffing schedule, and list of schedules to be prepared by the City staff  Send the Organizer to the City that will include all request items considered to be necessary for the audit April - May - Internal Control Evaluation  Meeting with City Manager and Department Heads of other departments with large operating budgets or which have significant federal grant expenditures  Attending City Council meetings  Meeting with off-site locations  Meeting with key Finance Department personnel  Obtain and document understanding of key internal control systems through walk-throughs, interviews of staff, and review of supporting documentation o General ledger system o Budgeting system o Revenue, accounts receivable, and cash collections o Purchasing, expenditures, accounts payable, and cash disbursements o Payroll o Federal Financial Assistance o Other systems  Identify control risks  Evaluate IT control environment  Perform testing of the internal control system and evaluate the effectiveness of the City’s systems. Select large dollar and random samples of transactions in key operating systems. Sample size to meet required level for determined degree of risk. Review supporting documentation of selected transactions, evaluate adequacy of support and approvals, and conclude on degree of adherence to accuracy and compliance with City policies  Conduct fraud assessment procedures  Assess degree of risk for material misstatement  Provide to the City’s management a memo concerning management letter points and identify issues, if any Audit Schedule City of La Quinta Technical Proposal 30 2024 Period Audit Tasks April - May - Other Tasks  Review minutes of City Council meetings and other key committees  Perform preliminary substantive procedures, which would include tests of: o Vendor and contractor payments o Payroll expense o Pension and OPEB testing o Capital asset acquisitions o Journal entries o Retrospective review of accounting estimates  Financial statement database management and other setup, in addition to drafting of all necessary report templates  Preliminary Single Audit and other compliance testing  Coordinate with City staff and prepare of all appropriate confirmation requests including: o Bank accounts o Investment pool accounts o Accounts receivable o Federal grants o Revenue from governmental agencies o Bond and other debts o Pension plan o Attorney letters o Others, as required  Update the Organizer with any additional requests that will be needed for the City's audit  Provide the City with audit plan and list of year-end audit schedules  Hold progress conference with City Management  Hold exit conference with City Management October - Final Fieldwork  Entrance conference with City Management  Follow-up on all outstanding confirmations  Verify and validate account balances by reviewing supporting documentation including invoices, vouchers, council resolutions, minutes, and other documents, as required  Perform analytical review of revenue and expenditures. Determine reason for material differences between budget and actual  Perform a search for unrecorded liabilities by reviewing disbursements subsequent to June 30, testing terms of contractual obligations, and interviewing City staff  Perform review of subsequent events by discussions with City Management and update all minutes of City Council and key committees City of La Quinta Technical Proposal 31 2024 Period Audit Tasks - Single Audit Compliance  Entrance conference with City Management  Obtain Federal Financial Assistance Schedule  Determine grants to be considered as major programs including clusters  Perform audit tests of major grant programs and compliance with Federal Law and Regulations  Review grant documents, select sufficient number of transactions to test for compliance of Federal Requirements  Coordinate Single Audit efforts with the Financial Audit efforts  Communicate findings to City Management  Other Compliance November - Audit Reports  Complete drafts of City’s Annual Comprehensive Financial Report  Prepare draft of Single Audit Reports concerning internal control structure, compliance with laws and regulations, and administering of federal financial assistance programs  Prepare other reports as required  Provide revised final drafts of all required reports to the City for approval December - Final City Audit Reports, Financial Statements, Single Audit Reports, and other reports delivered. - Audit Presentation(s) to Council and Financial Advisory Commission January 2025 - State Controller’s Report delivered and submitted - Single Audit Report package submitted to Federal Audit Clearinghouse Note: the proposed audit schedule above can be adjusted as necessary based on the needs of the City. Estimated Hours by Audit Phase Position Planning Interim Fieldwork Year End Fieldwork Reporting Total Partner 8 21 14 5 48 Audit Manager 7 35 38 5 85 Audit Senior 15 56 59 8 138 Professional Audit Staff - 91 83 10 184 IT Specialist - 5 - - 5 Administrative Assistant 6 9 - 9 24 Total 36 217 194 37 484 City of La Quinta Technical Proposal 32 Identification of Anticipated Potential Audit Problems We do not anticipate that there will be any audit problems at the City. However, the following are some areas that we will carefully investigate and monitor during our audit procedures:  Financial Reporting:  Review and evaluate that the City’s Annual Comprehensive Financial Report is in compliance with current reporting and disclosures requirements issued by the GASB and GFOA.  Review the Annual Comprehensive Financial Report for financial reporting conformance awards issued by CSMFO and GFOA.  Review and evaluate degree of compliance with the various GASBs in effect.  Review degree of compliance with infrastructure obligations and regulatory provisions.  Internal Control Structure:  Review and evaluate the City’s internal control functions and ascertain compliance with proper internal control philosophies.  Review computer system processes and controls and evaluate adequacy of the control environment. Several new GASB pronouncements will become effective over the time period of this proposal. As such, specific attention will be provided to determine the proper implementation of these new pronouncements. A list of known new pronouncements with implementation dates that fall within this proposal period are as follows: 2024  Statement 100 – Accounting Changes and Error Corrections—an amendment of GASB Statement No. 62 2025  Statement 101 – Compensated Absences Discussion of Relevant Accounting Issues City of La Quinta Technical Proposal 33 Schedule of Professional Fees The above is an all-inclusive maximum price, including services, out-of-pocket expenses, meals, lodging, transportation, printing, and other costs. *Note: Included in our proposed fee are up to 50 additional hours of Partner/Manager time for research and assistance to City staff concerning accounting and other technical matters at no additional cost. Description 2023-24 2024-25 2025-26 2026-27 2027-28 Financial Statements Audit (including City, Housing Authority, Successor Agency, and Financing Authority)54,090$ 55,580$ 57,460$ 59,045$ 61,205$ Single Audit 2,815 2,850 3,040 3,205 2,920 Gann Limit Agreed-upon Procedures 465 515 550 580 620 State Controller’s Report 2,600 2,850 2,600 2,740 2,795 Additional 50 Consulting Hours*No charge No charge No charge No charge No charge Total not to exceed fees 59,970$ 61,795$ 63,650$ 65,570$ 67,540$ Hours Rates Hours Rates Hours Rates Hours Rates Hours Rates Partner 48 300$ 45 310$ 44 320$ 43 $330 42 $340 Audit Manager 85 225 81 240 77 245 76 255 73 265 Audit Senior 138 175 130 190 125 200 122 210 118 220 Professional Audit Staff 184 125 173 135 168 145 163 150 157 160 IT Specialists 5 225 4 235 4 235 4 255 4 255 Administrative Assistant 24 100 22 100 22 110 21 115 21 125 Total Hours 484 455 440 429 415 Total Cost Discount Total not to exceed fees Position 2027-282023-24 2024-25 2025-26 2026-27 (24,230) (22,790) (22,015) (21,505) (20,810) 88,350$ 87,075$ 85,665$ 84,585$ 84,200$ 59,970$ 61,795$ 63,650$ 65,570$ 67,540$ Comprehensive Cost Bid City of La Quinta Technical Proposal 34 Manner of Payment: Each Engagement Team member maintains detailed time sheets describing work performed, date of work, and amount of time spent on each task for the Engagement. The Firm will bill the City after completion of each phase of the audit and bill the City up to a maximum of 90%. The remaining 10% of the proposal amount will not be due until all final reports are delivered and accepted by the City. The City can anticipate three billings as follows: Work Performed % of Proposal Amount For interim work 45% For year-end work 45% At presentation and acceptance of final reports 10% Total 100% Rates for Additional Professional Services: Any services outside the scope of our engagement will be promptly identified before the services are rendered. Upon mutual agreement, the out-of-scope services will be separately billed at our standard hourly rates. While it can be difficult to simply state hourly rates, as often times the needs of the client and the specific tasks directly impact the billing rates for our services, we want to provide the following information regarding our published billing rates: Position Hourly Rate Partner $ 300 EQR 300 Manager 225 Senior 175 Staff 125 I.T. 225 Admin. 100 Our Standard Hourly Rates for additional professional services are adjusted annually by 3% for Cost of Living and Inflation Adjustments. City of La Quinta Technical Proposal 35 A client relationship with the City will be of great value to our Firm and we welcome the opportunity to develop a long-term relationship with the City. We are committed to:  Rendering the highest standard of service  Developing a long-term working relationship dedicated to meeting the needs of the City  Assisting the City in operational issues  Producing a quality end-product We have the technical qualifications and experience to provide the level of service desired and expected by the City and stand ready to provide our knowledge and experience for the benefit of your organization. We would like to express our appreciation to the City and to its Staff for allowing us the opportunity to submit a proposal to perform professional auditing services. We are available, at your convenience, to discuss any aspects of our proposal. Thank you for allowing us to present our Firm to you. * * * * * * * * * * * * * * * * * Conclusion City of La Quinta Technical Proposal 36 References 1) City of Berkeley  Scope of Work: Annual Comprehensive Financial Report, Gann Limit, SAS 114, Measure B/BB (Alameda County), Vehicle Registration Fee Audit (Alameda County), Due Diligence Reviews for the RDA Successor Agency  Engagement Partner: Ahmed Badawi (2008 – 2019), Mitesh Desai (2020- Present)  Address: 2180 Milvia Street, Berkeley, CA 94704  Principal Contact: Mr. Henry Oyekanmi, Finance Director (510) 981-7332 hoyekanmi@ci.berkeley.ca.us 2) City of Ontario  Scope of Work: Annual Comprehensive Financial Report, SAS 114, Gann Limit, Single Audit, Housing Successor, West End Communications Authority, West End Fire and Emergency Response Commission, Air Quality Management District, State Controller’s Reports  Engagement Partner: Ahmed Badawi (2021 - Present)  Address: 303 East B Street, Ontario, CA 91764  Principal Contact: Mr. Armen Harkalyan, Executive Director of Finance (909) 395-2019 aharkalyan@ontarioca.gov 3) City of Glendora  Scope of Work: Annual Comprehensive Financial Report, Single Audit, SAS 114, Gann Limit, Housing Authority Compliance, Investment Policy Agreed-upon Procedures, State Controller’s Report  Engagement Partner: Ahmed Badawi (2022 – Present)  Address: 116 E. Foothill Blvd., Glendora, CA 91741  Principal Contact: Mr. Kyle Johnson, Assistant Finance Director (626) 914-8245 kjohnson@cityofglendora.org 4) City of Lemon Grove  Scope of Work: Annual Comprehensive Financial Report, SAS 114, Gann Limit, State Controller's Report, Lemon Grove Sanitation, Lemon Grove Roadway Lighting District, Annual Street Report  Engagement Partner: Ahmed Badawi (2022 – Present)  Address: 3232 Main Street, Lemon Grove, CA 91945  Principal Contact: Mr. Joseph Ware, Finance Director (619) 825-3803 Jware@lemongrove.ca.gov 5) City of Wasco  Scope of Work: Annual Financial Report, SAS 114, GANN Limit, State Controller's Report, Measure X  Engagement Partner: Ahmed Badawi (2021 – Present)  Address: 764 E Street, Wasco, CA 93280  Principal Contact: Isarel Perez-Hernandez, Finance Director (661) 758-7230 isperez@cityofwasco.org Appendix City of La Quinta Technical Proposal 37 Exceptions to the Contract With regard to the sample contract, RFP Attachment, Agreement for Contract Services, we would like to edit the below paragraphs as follows: 7.3 Ownership of Documents. Unless such property is proprietary in nature, all drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents, and other materials plans, drawings, estimates, test data, survey results, models, renderings, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings, digital renderings, or data stored digitally, magnetically, or in any other medium prepared or caused to be prepared by Contracting Party, its employees, subcontractors, and agents in the performance of this Agreement (the “Documents and Materials”) shall be the property of City and shall be delivered to City upon request of the Contract Officer, or assigned designee, or upon the expiration or termination of this Agreement, and Contracting Party shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights of ownership use, reuse, or assignment of the Documents and Materials hereunder. Any use, reuse or assignment of such completed Documents and Materials for other projects and/or use of uncompleted documents without specific written authorization by Contracting Party will be at City’s sole risk and without liability to Contracting Party, and Contracting Party’s guarantee and warranties shall not extend to such use, revise, or assignment. Contracting Party may retain copies of such Documents and Materials for its own use. Contracting Party shall have an unrestricted right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any Documents and Materials prepared by them, and in the event Contracting Party fails to secure such assignment, Contracting Party shall indemnify City for all damages resulting therefrom. F.1 Indemnity for the Benefit of the City. a. Indemnification for Professional Liability. When the law establishes a professional standard of care for Contracting Party’s Services, to the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officials, employees, and agents (“Indemnified Parties”) from and against any and all claims, losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused in whole or in part by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement, except in such instances where same are caused by the sole or willful negligence or misconduct of the City. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. City of La Quinta Technical Proposal 38 RFP Attachment – Insurance Requirements Acknowledgement INSURANCE REQUIREMENTS ACKNOWLEDGEMENT I, Ahmed Badawi (name) hereby acknowledge and confirm that Badawi & Associates, CPAs (name of company) has reviewed the City’s indemnification and minimum insurance requirements as listed in Exhibits E and F of the City’s Agreement for Contract Services (Attachment 1); and declare that insurance certificates and endorsements verifying compliance will be provided if an agreement is awarded. I am President of Badawi & Associates, CPAs (Title) (Company) Commercial General Liability (at least as broad as ISO CG 0001) $1,000,000 (per occurrence); $2,000,000 (general aggregate) Must include the following endorsements: General Liability Additional Insured General Liability Primary and Noncontributory Commercial Auto Liability (at least as broad as ISO CA 0001) $1,000,000 (per accident) Personal Auto Declaration Page if applicable Errors and Omissions Liability $1,000,000 (per claim and aggregate) Worker’s Compensation (per statutory requirements) Must include the following endorsements: Worker’s Compensation Waiver of Subrogation Worker’s Compensation Declaration of Sole Proprietor if applicable City of La Quinta Technical Proposal 39 RFP Attachment – Non-Collusion Affidavit Form NON-COLLUSION AFFIDAVIT FORM I, Ahmed Badawi (name) hereby declare as follows: I am President of Badawi & Associates, CPAs , (Title) (Company) the party making the foregoing proposal, that the proposal is not made in the interest of, or on behalf of, any undisclosed person, partnership, company, association, organization, or corporation; that the proposal is genuine and not collusive or sham; that the proposer has not directly or indirectly induced or solicited any other proposer to put in a false or sham proposal, and has not directly or indirectly colluded, conspired, connived, or agreed with any proposer or anyone else to put in a sham proposal, or that anyone shall refrain from proposing; that the proposer has not in any manner, directly or indirectly, sought by agreement, communication, or conference with anyone to fix the proposal price of the proposer or any other proposer, or to fix any overhead, profit, or cost element of the proposal price, or of that of any other proposer, or to secure any advantage against the public body awarding the agreement of anyone interested in the proposed agreement; that all statements contained in the proposal are true; and, further, that the proposer has not, directly or indirectly, submitted his or her proposal price or any breakdown thereof, or the contents thereof, or divulged information or data relative hereto, or paid, and will not pay, any fee to any corporation, partnership, company, association, organization, proposal depository, or to any member or agent thereof to effectuate a collusive or sham proposal. I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct. Proposer Signature: Proposer Name: Ahmed Badawi Proposer Title: President Company Name: Badawi & Associates, CPAs Address: 2855 Telegraph Avenue, Suite 312, Berkeley, CA 94705 City of La Quinta Technical Proposal 40 RFP Attachment – Acknowledgement of Receipt Of Addenda ACKNOWLEDGEMENT OF RECEIPT OF ADDENDA ADDENDUM NO. SIGNATURE INDICATING RECEIPT New RFP with close date 12/01/2023 Questions And Answers