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QUALIFICATIONS OF OUR FI Schlenner Wenner & Co. is a growing progressive firm that prides it self on providing clients with personalized, quality, and timely service. We are able to provide this service through investing time and resources in the following: • RSM US Alliance • American Institute of Certified Public Accountants (AICPA) • Minnesota Society of Certified Public Accountants • AICPA's Government Audit Quality Center • AICPA's Employee Benefits Audit Quality Center • Private Companies Practice Section of the American Institute of Certified Public Accountants • Various Business Organizations • Continuing Professional Education Seminars • In -House Training • Current Professional and Business Publications • Certified Fraud Training • and a Vast Library of Professional Publication and Reference Materials As a member of the Private Companies Practice Section of the American Institute of Certified Public Accountants, our firm undergoes a voluntary peer review every three years. This process involves an examination of our policies, procedures, and practices by specially trained independent certified public accountants to ensure that our policies, procedures, and practices are maintained at the highest quality. A copy of our most recent, unqualified, peer review letter is included in Appendix B for your review. All professional staff at Schlenner Wenner & Co. are required to obtain a minimum of forty hours of continuing education annually. This standard of continuing education strengthens our technical skills and assists us in keeping abreast of the changes in our profession. In addition, many of our partners and staff receive additional, specialized education in several areas including: government auditing, business valuation, estate planning, fraud examination, litigation support, and peer review services. All governmental audit staff are required to obtain twenty-four hours of governmental related continuing education every two-year period. These courses cover topics such as: government accounting principles, budgeting, procurement and contracting, legislative policies and procedures, relevant laws and regulations, single audit act, and government auditing standards. INDEPENDENCE AND PRIOR ENGAGEMENTS Schlenner Wenner & Co. is independent of the City of Lauderdale as defined by auditing standards generally accepted in the United States of America and the U.S. General Accounting Offices' Governmental Auditing Standards. Our firm has had no prior engagements and has not entered into any professional relationships with the City of Lauderdale. LICENSE TO P CTICE Both Schlenner Wenner & Co. and its professional staff are licensed to practice public accounting in the State of Minnesota. In addition, our firm and many of our professional staff are licensed to practice public accounting in multiple other states throughout the United States. 6