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REV: 04-09-25 MI United States, and the Agreement for Distribution of San Mateo County Measure W Funds for Local Transportation purposes in accordance with the 2018 Measure A, as well as other applicable laws, regulations and rules. The auditor shall use the general ledger information provided by the City to prepare the necessary financial statement and footnotes for the Measure W Transportation Fund report. 4. Single Audit - The selected firm will prepare and perform a single audit on the expenditures of federal grants in accordance with U.S. Office of Management and Budget (OMB) Grant Guidance/Super Circular and render the appropriate audit reports on the Internal Control over Financial Reporting based upon the audit of the City’s financial statements in accordance with Government Auditing Standards and the appropriate reports on compliance with Requirements Applicable to each Major Program and on Internal Control over Compliance Required by the Uniform Guidance. The single audit report will include appropriate schedule of expenditures of federal awards, footnotes, findings, and questioned costs, including reportable conditions and materials and weaknesses, and follow up on prior audit findings where required. 5. GANN Appropriation Limit – The audit firm shall perform agreed- upon- procedures to test and report on the GANN appropriation limit calculation (California Constitution Article XIIB Appropriations Limit) and render a letter annually to the City regarding compliance. 6. Utility Users Tax Compliance Audit – The independent auditor shall review all financial records and funds of the Utility Users Tax Fund and prepare a financial statement and footnotes in accordance with auditing standards generally accepted in the United States of America, the standards set forth for financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, as well as other applicable laws, regulations and rules. The auditor shall use the general ledger information provided by the City to prepare the necessary financial statement and footnotes for the Utility Users Tax Fund report. 7. TDA Compliance Audit – The independent auditor shall review all financial records and funds of the Transportation Development Act Fund and prepare a financial statement and footnotes in accordance with auditing standards generally accepted in the United States of America, the standards set forth for financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, and Section 6666 of the Rules and Regulations of the California Administrative Code in the Transportation Development Act Statutes and Administrative Code for 1987 and the allocation instructions and resolutions of the Metropolitan Transportation Commission, as well as other applicable laws, regulations and rules. The auditor shall use the general ledger information provided by the City to prepare the necessary financial statement and footnotes for the TDA Fund report. ATTY/AGR.2025.070/Pun Group (Audit Services) (Page 12 of 34)