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CITY OF PLEASANTON, CALIFORNIA <br /> <br />7 | eidebailly.com <br />circumstances. Multiple meetings were conducted to discuss observations and refine our understanding. We also <br />spoke with financial consultants utilized by the City to gain their perspectives regarding the City’s financial <br />management practices. Quantitatively, we examined supplemental resources from the City’s revenue <br />consultants, analyzed historical data and financial trends to test the assumptions included in the City’s projections, <br />and conducted a sensitivity analysis of the forecast. <br />Following the conclusion of our information gathering, the engagement team met internally to discuss our <br />individual observations and gain a concurrence on those preliminary observations that were valid and to agree on <br />those that are most notable. A summary of these observations was then prepared and circulated within the team <br />for further review. The group reconvened to further refine the observations and began to develop the related <br />recommendations contained in this report. Once consensus was reached on the final observations and <br />recommendations, this report was prepared, reviewed by an additional Eide Bailly team member who had not <br />participated in the engagement to date for a cold review to solicit questions and provoke clarifications, and then <br />shared with City staff to address any comments or questions that they may have. <br /> <br />As highlighted above, our services in this engagement consisted of consulting services and do not constitute an <br />audit, examination, review, or compilation of historical financial information conducted in accordance with <br />generally accepted auditing standards or with other standards established by the American Institute of Certified <br />Public Accountants (AICPA). Accordingly, we are unable to express an opinion or any other form of assurance with <br />respect to any historical financial information. Our engagement was not designed and cannot be relied upon to <br />disclose errors, fraud, or illegal acts that may exist. Other matters of possible interest to the City might not be <br />specifically addressed in this report. <br />Initial Discussions Document Review <br />Interviews and <br />Quantitative <br />Analysis <br />Internal <br />Discussions and <br />SWOT Analysis <br />Development of <br />Observations and <br />Recommendations <br />Page 16 of 33