Auditing Services

The Vendor is required to provide qualified, independent, certified public accounting firms for financial auditing services.
- The Fiscal Year for the city runs from July 1 to June 30.
- The audit will include the balance sheets of the city’s various fund types and account groups and the related statements of revenues, expenditures, and changes in fund balance for the year end.
- The audit will be made in accordance with generally accepted auditing standards; and will include tests of the accounting records of the city.
- Procedures will include tests of documentary evidence supporting the transactions recorded in the accounts and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected customers, creditors, and banks.
- The auditor will be expected to retain for a minimum of three (3) years all working papers and other materials created, used, or obtained during the performance of their audit services.
- A report on the internal control structure based on the auditor’s assessment of the internal control structure and control risk.
- A report to management indicating deficiencies or suggestions for strengthening internal controls and operating efficiencies, as necessary, specifically identifying any reportable condition or material weakness found during the audit.
- A report, or disclosure, of irregularities and illegal acts, if any.
- Contract Period/Term: 3 years