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CONEJO RECREATION AND PARK DISTRICT AND THE MOUNTAINS RECREATION AND CONSERVATION AUTHORITY PROPOSAL FOR PROFESSIONAL AUDITING SERVICES Specific audit approach Services to be provided The District desires the auditor to express an opinion on the fair presentation of its Basic Financial Statements in conformity with generally accepted accounting principles for the fiscal years under this proposal. We will perform an audit of all funds of the Conejo Recreation and Park District. In addition, we shall: • Apply certain limited procedures related to Management's Discussion and Analysis and Required Supplementary Information and provide an "in -relation -to" report on the combining and individual fund financial statements and supporting schedules. • Provide opinions as to the compliance with the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (OMB Uniform Guidance). The Firm is to 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. • Prepare Management Letter that includes significant and less significant (i.e. reportable and non -reportable) recommendations for improvements to internal control. • We will issue a separate report on internal controls over compliance and other matters based on an audit of the financial statements performed in accordance with Government Auditing Standards. • We will issue reports to those charged with governance as required by auditing standards. Our audit(s) will be in accordance with: • Generally Accepted Auditing Standards as promulgated by the American Institute of Certified Public Accountants, including requirements found in the new AICPA audit guide "Audits of State and Local Governments". • Government Auditing Standards issued by the Comptroller of the United States of America. • Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (OMB Uniform Guidance). • The Minimum Audit Requirements and Reporting Guidelines for Special Districts. • Specific auditing standards relating to any grant agreement determined to be material by the auditor. • Any other applicable standards for conducting the examinations of items outlined in the Scope of Work to be performed and/or reports to be issued. Reports to be issued: • A report on the fair presentation of the financial statements. • A report to those charged with governance in accordance with SAS 114. • A 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. • A report in compliance with requirements applicable to each major federal program and internal control over compliance in accordance with the Uniform Guidance, if applicable. The Firm will also perform the following services: • We shall communicate to management any reportable conditions found during the audit, including significant deficiencies and material weaknesses, nonreportable conditions will be reported in a separate letter to management. • We will make an immediate, written report of all irregularities and illegal acts or indications of illegal acts of which we become aware to the General Manager and the Management Services Director. AICPA GAQe member -15-