Document Alpinecountyca_doc_bbe99dd2f0

COUNTY OF ALPINE ALPINE TRANSIT SERVICES Annual Financial Statements For the Year Ended June 30, 2013 ---PAGE BREAK--- Table of Contents Page Independent Auditor’s Report 1-2 Financial Statements: Statement of Net Position 3 Statement of Revenues, Expenses and Changes in Net Position 4 Statement of Cash Flows 5 Notes to the Basic Financial Statements 6-11 Other Reports: Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 12-13 Independent Auditor’s Report on Compliance Over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with the Statutes, Rules and Regulations of the California Transportation Development Act, the Allocation Instructions and Resolutions of the Local Transportation Commission And the Public Transportation Modernization Improvement and Service Enhancement Account (PTMISEA) Guidelines 14-15 ---PAGE BREAK--- 1 INDEPENDENT AUDITOR’S REPORT Board of Supervisors County of Alpine Markleeville, California Report on the Financial Statements We have audited the accompanying financial statements of Alpine Transit Services of the County of Alpine, as of and for the years ended June 30, 2013 and 2012, and the related notes to the financial statements, which collectively comprise Alpine Transit Services’ basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to Alpine Transit Services’ preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Alpine Transit Services’ internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial positions of Alpine Transit Services of the County of Alpine, as of June 30, 2013 and 2012, and the respective changes in financial position and cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. ---PAGE BREAK--- 2 Other Matters Required Supplementary Information Management has omitted the management’s discussion and analysis and budgetary comparison schedules that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial statements is not affected by this missing information. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 25, 2014, on our consideration of Alpine Transit Services’ internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Alpine Transit Services’ internal control over financial reporting and compliance. Clovis, California March 25, 2014 ---PAGE BREAK--- COUNTY OF ALPINE ALPINE TRANSIT SERVICES Statement of Net Position June 30, 2013 (With Comparative Information as of June 30, 2012) 2013 2012 ASSETS Current Assets: Cash and investments 128,023 $ 53,429 $ Accounts receivable - 358 Interest receivable 94 69 Total Current Assets 128,117 53,856 Noncurrent Assets: Capital assets, depreciable, net 26,478 34,043 Total Assets 154,595 87,899 LIABILITIES Current Liabilities: Accounts payable 883 4,272 Salaries payable 857 - Unearned revenues 166,490 89,697 Total Current Liabilities 168,230 93,969 NET POSITION Net investment in capital assets 26,478 34,043 Unrestricted (40,113) (40,113) Total Net Position (13,635) $ (6,070) $ The accompanying notes are an integral part of these financial statements. 3 ---PAGE BREAK--- COUNTY OF ALPINE ALPINE TRANSIT SERVICES Statement of Revenues, Expenses and Changes in Net Position For the Year Ended June 30, 2013 (With Comparative Information for the Year Ended June 30, 2012) 2013 2012 OPERATING REVENUES Passenger fares 5,437 $ 2,999 $ OPERATING EXPENSES Salaries and benefits 34,318 20,304 Administrative 21,518 28,478 Fuel and vehicle maintenance 7,321 7,523 Insurance 10,638 10,880 Depreciation 7,565 7,565 Total Operating Expenses 81,360 74,750 Net Operating Income (Loss) (75,923) (71,751) NON-OPERATING REVENUES (EXPENSES) Federal transit administration grants 25,000 25,000 Interest 505 259 Local Transportation Fund allocation 42,853 38,927 Total Non-Operating Revenues (Expenses) 68,358 64,186 Change in Net Position (7,565) (7,565) Net Position, Beginning of Year (6,070) 1,495 NET POSITION, END OF YEAR (13,635) $ (6,070) $ The accompanying notes are an integral part of these financial statements. 4 ---PAGE BREAK--- COUNTY OF ALPINE ALPINE TRANSIT SERVICES Statement of Cash Flows For the Year Ended June 30, 2013 (With Comparative Information for the Year Ended June 30, 2012) 2013 2012 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers and users 5,795 $ 2,641 $ Payments to employees (33,461) (19,319) Payments to suppliers (42,866) (46,422) Net Cash Used by Operating Activities (70,532) (63,100) CASH FLOWS FROM INVESTING ACTIVITIES Interest allocations from pooled investments 480 299 Net Cash Provided by Investing Activities 480 299 CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES: Operating grants and other support 144,646 70,000 Net Cash Provided by Non-Capital Financing Activities 144,646 70,000 Net Increase (Decrease) in Cash and Cash Equivalents 74,594 7,199 Cash and Cash Equivalents, Beginning of the Year 53,429 46,230 Cash and Cash Equivalents, End of the Year 128,023 $ 53,429 $ RECONCILIATION OF OPERATING LOSS TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES Operating loss (75,923) $ (71,751) $ Adjustments to reconcile net loss to net cash provided (used) by operating activities: Depreciation 7,565 7,565 Change in assets and liabilities: Accounts receivable 358 (358) Accounts payable (3,389) 1,444 Salaries payable 857 - Net Cash Used by Operating Activities (70,532) $ (63,100) $ The accompanying notes are an integral part of these financial statements. 5 ---PAGE BREAK--- COUNTY OF ALPINE ALPINE TRANSIT SERVICES Notes to the Basic Financial Statements June 30, 2013 6 Note 1: Summary of Significant Accounting Policies The financial statements of the Alpine Transit Services Fund (Fund) are prepared in accordance with Generally Accepted Accounting Principles (GAAP) as applied to governmental agencies. The Fund applies all relevant Governmental Accounting Standards Board (GASB) pronouncements. A. Reporting Entity The Fund receives allocations from the Alpine County Local Transportation Commission (Commission) to operate and provide public transit services to Alpine County (County). The Fund is an enterprise fund of the County and is included in their annual report. The financial statements of the Fund are intended to present the financial position, results of operations and cash flows of only the portion of the funds of the County that is attributable to Transportation Development Act Funds allocated for transit purposes and is not intended to present fairly the financial position and results of operations of the County in conformity with accounting principles generally accepted in the United States of America. B. Basis of Presentation The Fund’s resources are allocated to and accounted for in these financial statements as an enterprise fund type of the proprietary fund group. The enterprise fund is used to account for operations that are financed and operated in a manner similar to private business enterprises, where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered through user charges, or where the governing body has decided that periodic determination of revenues earned, expenses incurred and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other policies. C. Basis of Accounting The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Fund is accounted for on a flow of economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Nonexchange transactions, in which the Fund gives (or receives) value without directly receiving (or giving) equal value in exchange, include grants, entitlements and donations. On an accrual basis, revenues from grants, entitlements and donations are recognized in the fiscal year in which all eligibility requirements have been satisfied. An enterprise fund distinguishes operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with the Fund’s principal ongoing operations. The principal operating revenues of the Fund are charges to passengers for public transit services. Operating expenses for the Fund include the cost of transit services, administrative expenses and depreciation on capital ---PAGE BREAK--- COUNTY OF ALPINE ALPINE TRANSIT SERVICES Notes to the Basic Financial Statements June 30, 2013 7 assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. D. Cash in County Treasury Cash is held by the Fund with the County in an investment pool in order to facilitate the management of cash. On a quarterly basis, the County Treasurer allocates interest to the various funds based upon the average cash balances. Information regarding categorization of investments, risk and fair value reporting can be found in the County’s financial statements. The Alpine County Treasury Oversight committee oversees the Treasurer’s investment policies and practices. The Fund adheres to the County’s deposit and investment policy that addresses specific types of risk. Required risk disclosures for the Fund’s investment in the County’s Investment Pool at June 30, 2013 and 2012, were as follows: 2013 2012 Credit risk Not rated Not rated Custodial risk Not applicable Not applicable Concentration of credit risk Not applicable Not applicable Interest rate risk (average maturity) 135 days 144 days Investments held in the County’s investment pool are available on demand and are stated at cost plus accrued interest, which approximates fair value. E. Cash and Cash Equivalents For the purpose of the statement of cash flows, all cash and investments with original maturities of three months or less and the Fund’s investment in the County’s investment pool are considered to be cash equivalents. F. Capital Assets Capital assets are recorded at historical cost or estimated historical cost if actual cost is not available. Contributed capital assets are valued at their estimated fair market value on the date contributed. The Fund defines capital assets as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of one year. Capital assets used in operations are depreciated using the straight-line method over their estimated useful lives. The estimated useful lives of the assets are as follows: Transit Vehicles and Equipment 7-10 Years ---PAGE BREAK--- COUNTY OF ALPINE ALPINE TRANSIT SERVICES Notes to the Basic Financial Statements June 30, 2013 8 H. Net Position The financial statements utilize a net position presentation. Net position represent represents the difference between assets plus deferred outflows of resources and liabilities plus deferred inflows of resources and are displayed in two components:  Net Investment in Capital Assets – This category groups all capital assets into one component of net position. Accumulated depreciation and the outstanding balances of debt, if any, that are attributable to the acquisition, construction or improvement of these assets reduces the balance in this category.  Unrestricted Net Position – This category represents net position of the Fund not restricted for any project or other purposes. Sometimes the Fund will expend outlays for a particular purpose from both restricted and unrestricted resources. To determine the amounts to report as restricted net position and unrestricted net position in the financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. The Fund considers restricted net position to have been depleted before unrestricted net position is applied. I. Use of Estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amount of revenue and expenses during the reporting period. Actual results could differ from these estimates. J. Implementation of Governmental Accounting Standards Board (GASB) Statements  GASB Statement No. 62 – Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements. This Statement incorporates into the GASB’s authoritative literature certain accounting and financial reporting guidance that is included in Financial Accounting Standards Board (FASB) Statements and Interpretations, Accounting Principles Board Opinions, and Accounting Research Bulletins of the American Institute of Certified Public Accountants (AICPA) Committee on Accounting Procedures which does not conflict with or contradict other GASB pronouncements. The Fund incorporated this Statement in these financial statements for the fiscal year ended June 30, 2013. The implementation of this Statement did not have a significant impact on these financial statements.  GASB Statement No. 63 – The Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position. In June 2011, GASB released this Statement to provide financial reporting guidance for two new financial statement elements introduced in Concepts Statement No. 4, Elements of Financial Statements – deferred outflows of resources and deferred ---PAGE BREAK--- COUNTY OF ALPINE ALPINE TRANSIT SERVICES Notes to the Basic Financial Statements June 30, 2013 9 inflows of resources. Deferred outflows of resources are defined as a consumption of net position that is applicable to a future reporting period. Deferred inflows of resources are defined as an acquisition of net position that is applicable to a future reporting period. Concepts Statement No. 4 also identifies net position as the residual of all other elements presented in a statement of financial position. Accordingly, the Statement also amends the net asset reporting requirements in GASB Statement No. 34 by incorporating deferred outflows of resources and deferred inflows of resources into the residual measure as net position, rather than net assets. As of July 1, 2012, the Fund adopted the provisions of this Statement, which did not have a significant impact on the Commission’s financial statements. Note 2: Capital Assets A summary of changes in capital assets during the year ended June 30, 2013, is as follows: Balance Balance July 1, 2012 Additions Retirements June 30, 2013 Vehicles and equipment 52,955 $ - $ - $ 52,955 $ Accumulated depreciation (18,912) (7,565) - (26,477) 34,043 $ (7,565) $ - $ 26,478 $ Note 3: Fare Revenue Ratio The Commission allocated funds for transit services within Alpine County. The County is required by the Transportation Development Act to maintain a minimum fare revenue ratio to operation expense of at least 10 percent. On May 4, 2010, the Commission adopted a resolution setting the minimum farebox ratio requirement to 1 percent as allowed by the Transportation Development Act, Section 6633(b) of the California Code of Regulations. The calculation of the fare revenue ratios for 2013 and 2012 are as follows: 2013 2012 Fare revenues 5,437 $ 2,999 $ Operating expenses 81,360 $ 74,750 $ Less: depreciation (7,565) (7,565) Net Operating expenses 73,795 $ 67,185 $ Fare revenue ratio 7.37% 4.46% ---PAGE BREAK--- COUNTY OF ALPINE ALPINE TRANSIT SERVICES Notes to the Basic Financial Statements June 30, 2013 10 Note 4: Unearned Revenues A schedule of changes in unearned revenue for the year ended June 30, 2013 is as follows: LTF STA Operating Capital PTMISEA* Total Balance, June 30, 2012 85,766 $ 3,931 $ - $ 89,697 $ Allocations 45,000 30,000 44,646 119,646 Maximum eligibility (42,853) - - (42,853) Balance, June 30, 2013 87,913 $ 33,931 $ 44,646 $ 166,490 $ * Proposition 1B, Public Transportation Modernization, improvement, and Service Enhancement Account Program (PTMISEA) Local Transportation Fund Maximum Eligibility Allocations received from the Commission are recognized as revenues based on a formula provided in California Public Utilities Code of Regulations, Section 6634 which, in general, provides that no transit operator or claimant shall be eligible to receive funds that exceed its operating costs less certain adjustments. Allocations received in excess of this are subject to repayment to the Local Transportation Fund and are deferred and reported as unearned at June 30. It is the policy of the Commission to require carry-over of excess funding to a subsequent year to offset future transit expenses. At June 30, 2013, the Fund had deferred LTF allocations for operating purposes determined as follows: Maximum amount allowed: Operating expenses 81,360 $ Adjustments: Depreciation (7,565) Farebox revenues (5,437) FTA operating assistance (25,000) Interest revenues (505) Maximum amount allowed 42,853 $ Note 5: Insurance and Risk of Loss The Fund is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The Fund is insured against these types of losses through various commercial insurance policies and participates in the County’s self-insured risk pool. ---PAGE BREAK--- COUNTY OF ALPINE ALPINE TRANSIT SERVICES Notes to the Basic Financial Statements June 30, 2013 11 Note 6: Public Transportation Modernization Improvement and Service Enhancement Account In November 2006, California voters passed a bond measure enacting the Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006. Of the $19.925 billion of State general obligation bonds authorized, $4 billion was set aside by the State as instructed by the statute as the Public Transportation Modernization Improvement and Service Enhancement Account (PTMISEA). These funds are available to the California Department of Transportation for intercity rail projects and to transit operators in California for rehabilitation, safety or modernization improvements, capital service enhancements or expansions, new capital projects, bus rapid transit improvements, or for rolling stock procurement, rehabilitation, or replacement. During the fiscal year, the Commission applied for and has received $44,646 from the State’s PTMISEA for the purchase of a new transit vehicle. PTMISEA funds received and expended were as follows: Balance, beginning of year - $ FY 2013 Activity: Received 44,646 Expended - Balance, end of year 44,646 $ ---PAGE BREAK--- OTHER REPORTS ---PAGE BREAK--- 12 INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of Supervisors County of Alpine Markleeville, California We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Alpine Transit Services of the County of Alpine, as of and for the year ended June 30, 2013, and the related notes to the financial statements, which collectively comprise Alpine Transit Services’ basic financial statements, and have issued our report thereon dated March 25, 2014. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered Alpine Transit Services’ internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Alpine Transit Services’ internal control. Accordingly, we do not express an opinion on the effectiveness of Alpine Transit Services’ internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of Alpine Transit Services’ financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether Alpine Transit Services’ financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those ---PAGE BREAK--- 13 provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of Alpine Transit Services’ internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Alpine Transit Services’ internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Clovis, California March 25, 2014 ---PAGE BREAK--- 14 INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH THE STATUTES, RULES AND REGULATIONS OF THE CALIFORNIA TRANSPORTATION DEVELOPMENT ACT, THE ALLOCATION INSTRUCTIONS AND RESOLUTIONS OF THE LOCAL TRANSPORTATION COMMISSION AND THE PUBLIC TRANSPORTATION MODERNIZATION IMPROVEMENT AND SERVICE ENHANCEMENT ACCOUNT (PTMISEA) GUIDELINES Board of Supervisors County of Alpine Markleeville, California We have audited the compliance of the for Alpine Transit Services of the County of Alpine with the types of compliance requirements described in Section 6666 of the Rules and Regulations of the California Administrative Code in the Transportation Development Act Statutes and Administrative Code for 1987 (the Act) and the allocation instructions and resolutions of Alpine Transit Services’ compliance with the requirements of laws, regulations, contracts, and grants applicable to the Transportation Development Act (TDA) funds is the responsibility of Alpine Transit Services’ management. Our responsibility is to express an opinion on Alpine Transit Services’ compliance based on our audit. As part of the audit, we performed testing of the following program: Public Transportation Modernization Improvement and Service Enhancement Account (PTMISEA) In November 2006, California Voters passed a bond measure enacting the Highway Safety, Traffic Reduction, Air Quality and Port Security Bond Act of 2006. Of the $19.925 billion of the State general obligation bonds authorized, $4 billion was set aside by the State as instructed by the statute as the Public Transportation Modernization Improvement and Service Enhancement Account (PTMISEA). These funds are available to the California Department of Transportation for intercity rail projects and to transit operators in California for rehabilitation, safety or modernization improvements, capital service enhancements or expansions, new capital projects, bus rapid transit improvements or for rolling stock procurement, rehabilitation or replacement. During the fiscal year ended June 30, 2013, Alpine Transit Services’ received no new funding from the State’s PTMISEA account. However, some funds were transferred within projects as approved by the State representative. As of June 30, 2013, PTMISEA funds received and expended were verified in the course of our audit as follows: Balance, beginning of year $ - FY 2013 Activity: Received 44,646 Expended - Balance, end of year $ 44,646 ---PAGE BREAK--- 15 We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have direct and material effect on the TDA funds occurred. An audit includes examining, on a test basis, evidence about the Alpine Transit Services’ compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination of the Alpine Transit Services’ compliance with those requirements. In our opinion the TDA funds allocated to and received by Alpine Transit Services pursuant to the Act were expended in conformance with the applicable statues, rules and regulations of the Act and the allocation instructions and resolutions of the Alpine County Local Transportation Commission. This report is intended solely for the information and use of Alpine Transit Services, the Alpine County Local Transportation Commission, the California Department of Transportation, and the State Controller’s Office, and is not intended to be and should not be used by anyone other than these specified parties. Clovis, California March 25, 2014