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6.B. -Page 11 of 12 <br />EXHIBIT "A" <br />SCOPE OF SERVICES <br />Itemized List of what City will do for Authority and at what price and schedule. <br />Provide the following services for the fiscal years ending June 30, 2020, 2021, and <br />2022: <br />Transition Period Services (expected to be May -June 2019): <br />• Set up financial and accounting systems and procedures <br />• Obtain computer hardware, software, and related licenses, if required, and as <br />needed <br />• Work with the current service provider to obtain all information needed for the <br />transition <br />• Obtain access to bank and investment accounts <br />Accounting and Financial Services: <br />• Maintain bank and investment accounts and relationship with bank <br />• Enter all documents into the financial software system, including, but not limited <br />to, accounts payable invoices, customer billing, cash receipts, and other related <br />journal entries <br />• Process vendor invoices for payment and sign vendor disbursements <br />• Deposit receipts and manage receivables <br />• Input budget prepared by the Authority into accounting system <br />• Evaluate and implement internal financial controls <br />• Review and recommend financial policies and procedures <br />• Maintain and reconcile all general ledger accounts <br />• Maintain fixed asset sub -ledger system <br />• Manage bond accounts, and record and make scheduled bond payments <br />• Recommend investment policies for consideration by the Authority Board of <br />Directors on an annual basis <br />• Manage the investment of surplus cash and reserve funds <br />• Provide detailed information as requested from Authority staff about vendor <br />payment issues, general ledger accounts, and related financial and accounting <br />matters <br />• On a routine or as -requested basis, provide detailed general ledger reporting <br />Financial Statements and Auditing: <br />• Work with audit firm to report audited financial results on a fiscal year basis <br />• Manage the fiscal year-end audit process and prepare all work schedules as <br />needed by audit firm <br />• Manage the selection process for the audit firm to perform audit functions <br />• Work with auditors to report unaudited and high level summarized financial <br />results on a calendar year basis, including review of bond covenants <br />REV: 05-15-19 DZ Page 8 of 9 <br />57 <br />