Agenda - 08-16-2005-9b - Laserfiche WebLink

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Aue-1D-O6 12:59pm Frem~~BLACI;MA4N & S100P, CPAS~ P 4 lvfr b4oses Carey, .tr. Board CoYmty Commissioners Orange County F1lYgtist 10, 7005 Page 4 +919968476E t-631 P 95!93 F-427 r' Listzd belevti~ are the agreed upon procedures which t~~iti 17e perfbrmed to evaluate the reasonableness of praperry; plant and equipment, memhership revzrue, program revenues and expenses and the Financial renns of contracts and agreements for the period ended May;~l, 2005 of~..T. Holdings, l.1.<', Df3A TriattgL: SponsPiex. Verify t1Ye existencz of property, plant artd zquipmztrt by i~bnuning from the SporisPlex's management a listing oFthe fixed a.set detail and tracintr significant assets tv the actual ]ovation on the property, Recxiculate the cun•ent depreciation expeusz for significant assets from invoice copies obtained frnrr, the SpartsPlzY's management to zvaluate the proper valuation of asszis. 2. Verify the existence and proper valuation of contracts and agreemen?s as of May 31, 2005 by obtaining Prom the SportsPle?i's- Ynsutagemcnt copies of all conuac:, agreements, licenses and permits in effect at .May 31, 20fj5. The financiat tenr:s of the agr~ntents [vill be agreed to tP,c financial iYttbrmatien presented by f: T'. Holdings, LL:C. ~. Verify the accuracy and proper presa;itation of membershiprers and prepaid memberships by obtaining from the SponsPlcx's managen:en[ a listing of al] membership fees as of May 31, 200 including the; type, cost and effective date ef' rash mznYbership. Recalcuiate the rnetnbzrship revenue and prepaid tnzmberships as of May .il, 2005. Judgrnental:y select merrrbeahips aril trace t•., supporting documentation obtained from the SpottsPla;e's ranaement- Petfurm analytical procedures to verify the reasoti<lbleness of the membership revem:e presented by R T. Holdings, LLC'. 4, Verify the reasonableness of progrsnl revenues using dacuntentatian nb[ained from the SpartsPlex's accounting dz?artment and program direcioY,. 5. Perform tests of expenses m determine that they uc properly classified and supported by proper documentation as ob*.ained from t}Ye SportsI'lex's management C. Revie~i the basis of the a(]ocation of o~ zrhead expenses among the progratns f~,r reasonableness.