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I I I4. Specific Audit Approach (Continued) Phase Ill— Completion and Delivery(Reporting Communications Stage) I We emphasize a continuous, year-round In this phase of the audit, we will complete the dialogue between the City and our tasks related to the closing of year-end management team. We will schedule periodic I balances and financial reporting. This will progress meetings in addition to the entrance, include final testing in the areas of compliance, interim and exit conference. During these balance sheet accounts, revenue and meetings, the City's personnel may inform us expenditures, among others. All reports will be of their concerns, and we can draw upon our I reviewed with management before issuance, extensive experience with local government and the partners will be available to meet with operations to offer the appropriate advice and the City Commission to discuss our report and counsel. We believe this continuous, open I address any questions they may have. communication is critical to serving your needs. A draft and recommendation to Management will be submitted to the City by January 15 of Proposed Segmentation I each year. We will discuss all significant findings with the appropriate City's personnel. To achieve the proper balance between the An exit conference will be held with the I Finance Director, key Finance Department ability to recognize problems and the cost in personnel and the City Manager before the performing the services, a significant portion of final report is issued. the engagement will be performed by our Management Team. We emphasize utilizing I our highest experienced personnel because of The final report will be prepared as soon as the their experience, training and education and draft report has been reviewed by Management corresponding abilities to recognize problems and will be submitted by February 28 of each and deal with them expediently. I year. We will attend the next City Commission meeting to discuss the report and make a final The following is a summary of the proposed presentation. hours for the audit services: IYear Round Involvement We will provide period reports throughout the City Audit 8 o ` I year assessing the impact of any significant S � y regulatory changes; i.e. accounting or reporting a 0 v 0 developments proposed and/or adopted by I Government Accounting Standards Boards or any other significant financial/accounting Phase I—Risk matters that may affect the City. Assessment 10 20 23 4 Phase II—Perform IAudit Plan 7 13 46 88 Phase III—Report and Delivery 13 35 30 ITotal Hours 30 fib —9_@ 97 I IPROPOSAL e GLSC&COMPANY, PLLC RFP # 15-12-01 IG tertipeJ public'annuitants Page 11