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-: - _ _ _ _ . <br />. : .. . �2iiCL .\ cFar�i� . . . . . .. . �. .. .. . . <br />S�I1 8c ' \ �c.� _ <br />Lunghard \..�r,�,� . <br />participated on thei� behalf in compiicat�d negc�tiations with Los 1-�ngeles. iounty , <br />ielating to arnending and' m�rging three project areas and creating -a deferral'of t� <br />` iiicrement to the Agency: We perforrned this engagemeni as our slient needed hei�, -�' <br />wi�h the iu�i :knowTedg� thai at #�e comple#iori of the engagernent we would not �e .. � � <br />independent v�ith respes:ii ta the agre�ments we helped to negotiate. Therefore, we liave <br />resigned as auditors for ti�e Agency. Presently, we provide bookl�eeping? financial ,� <br />statemerit prepara�ic�n, Staiement of Indebtecliiess preparation and Cflntr�ller's Report �: <br />pre�araticin servic�� to this agency. ; <br />Public Financing Au#ht�rities <br />We are familiar wi�h a�d �ave assist��l our clients in rept�rting tlie fo�lowi�g types of <br />bond issu�s whether issueri directiy o� through a financing authc�rity: <br />• T� Allflcation B�nds (Origirial and Refunding Issues) <br />• ��ven�e Bonds (Water, Sewer, I'arl�ng Authority, �tc.) ` <br />• Crossover Refiindinb Bond Issues : � = <br />• Certificates of �'articipatic�n {Original anti Refunding Issues) <br />• 1°vlfl�gage Revenue Bonds (4riginal and Refuncling Issues} <br />• industrial I�evelopment and Developer Bonds <br />In assisting t�ur clients with th�se types of bonds, we have pre�ared separate financi�i <br />audi-�s of �hese issues; participated on bor�d £inancing tearns (on behaif of a city andJor <br />redevelopm�nt ag�ency}, performed computations under �iASB Statement Number � <br />(to d�termine ecflno�nic gain ar lass as �he result of a refunding) and gerfo��n�d annuaI <br />or five year arbitra�� compntatio�s. : . , <br />Joint P�w�r Authori#ies <br />�Ie perform financial and bond compliance audits on s�veral joint auth�rities. <br />Typically, thes� are buildin� authorities which have a bond issue pr�sent and a�ease <br />agre�ment with the' Gity for the facility, When we perforni these audits, w€ aIsa review <br />the trustee's c�mpliance with the provisi4ns of the trust indenture on the bond issue; <br />a step, which inost auditc�rs dfl nc�t perform. A�idi#it�nally, ft�r these �ntities we prepar� <br />the Special District State Controll�r's Report. Presently, th� follovv�rig joint power <br />authorities are audited by us: <br />. <br />15 <br />� _ _ ,_ , <br />., , <br />, ,_., , __ <br />