As CEO & Managing Director, Horace manages and is

ultimately responsible for the thoroughness and quality of

each of the firm’s engagements. Horace has more than 35 years’ experience providing audit and

financial management consulting services to

government and not-for-profit entities, with high concentration

in OMB Circular A-133 and SEFA subject matter. He has in-depth

knowledge of governmental operating environments,

financial reporting, business structures and policies. He acts as a business advisor to clients

and works with them in all aspects of operations, including

financial operations, business strategies, risk management, tax

planning, compliance requirements, operation

structure and automation, and ultimately, to help them become

as efficient as they can be.

HORACE C. FRANCIS, CPA, MBA FRANCIS & COMPANY PLLC

ENGAGEMENT PARTNER

EXPERIENCE

KING COUNTY FLOOD CONTROL ZONE DISTRICT

» Financial consultant, financial accounting and management services » Assisted district in all accounting functions and audit preparations » Managed special audit to ensure costs were accurate and legitimate

for reimbursements, in accordance with the inter-local agreement between the District and King County

PUGET SOUNT REGIONAL COUNCIL

» Financial consultant, on-going financial management, accounting consulting & audit preparation to quasi-governmental organization

» Prepared documents for audits conducted by State Auditor and Federal Transportation Administration

» Created thorough review of accounting procedures » Actively involved with accounting department’s management and

staff in financial management

KING COUNTY AUDITOR’S OFFICE Project extended four months and required over 2,000 hours; Members of audit committee expressed appreciation for our thoroughness, extensiveness of findings/recommendations, and our willingness to undertake such a highly visible and arduous project, as issues had impacted numerous clients.

» Directed engagement team of agreed-upon audit procedures in regard to expenditure of $34 million for a financial reporting system replacement development project extending over 4 years

» Assessed whether funds were expended for intended purpose, expenditures and contracts were in compliance with applicable external laws/regulations, as well as internal policies/ procedures

» Recommended improvements for future development projects

2

EDUCATION

Master of Business Administration, Accounting & Finance, University of Washington Bachelor of Arts, Business Administration, Accounting, Eastern Washington University

ASSOCIATIONS

American Institute of Certified Public Accountants, Small Firm Advocacy Committee Washington Society of Certified Public Accountants, Not-For-Profit Committee University of Washington Business and Economic Development Center, Board Member

MUNICIPALITY OF METROPOLITAN SEATTLE Project involved analysis of transactions occurring over a period of 2.5 years for a large office building acquired during construction of the bus tunnel in downtown Seattle

» Lead partner on engagement to perform financial and performance audits relating to property management contract for Metro

» Reconstructed client’s records to facilitate the audit » Resulting report included many recommendations for improving

Metro’s operations » Provided agreed-upon procedures and consulting services to

evaluate SDOT’s 2006 indirect cost allocation and recovery methodology

» Interviewed various stakeholders to gain high level of understanding of main controllers of project, accumulate and review source documents

» Conducted industry wide best practices research of indirect cost allocation and recovery methodologies

» Made recommendations aimed at improving overall effectiveness and efficiency of SDOT’s Indirect Cost plan based on results of SDOT’s financial systems research and analysis

» Evaluated alternate rate structures within the current model » Designed three additional alternate indirect cost allocation

methodologies.

EAST LAKE SAMMAMISH TRAIL RIGHT OF WAY EROSION CONTROL PROJECT This work was performed to assist King County in settling a dispute that developed with the contractor in relation to costs incurred.

» Served as audit partner and manager to completed an agreed-upon procedures audit of financial records of a major contractor for construction related services

» Managed engagement team to review the support for direct and indirect costs charged to the project by the contractor

» Prepared a report of our findings to King County, which was instrumental in their resolution of the dispute with the contractor

THERAPUTIC HEALTH SERVICES

» Managed and prepared detailed requirements for all segments of accounting and budgeting system