Audit Services

The Vendor is required to provide the audit will encompass a financial and compliance examination of the unit’s Annual Comprehensive Financial Report (ACFR) in accordance with the laws and/or regulations of the State, which include requirements for the minimum scope of the audit.
- The audit and all fee quotes presented should include all approved and known pronouncements through the date of proposal submission.
- This includes, but is not limited to, Governmental Accounting Standards Board statements and Government Auditing Standards.
- Although some pronouncements will not be in effect until after the first year of the audit, estimates for future years should include pronouncements that will become effective during that contract period.
- The audit firm will be expected to advise appropriate City staff on the applicability of accounting and reporting standards as they become effective.
- The financial audit opinion will cover the financial statements for the governmental activities, the business-type activities, each major fund and the remaining fund information, which collectively constitute the basic financial statements.
- The combining and individual financial statements, schedules, and related information are not necessary for fair presentation, but will be presented as additional analytical data.
- This supplemental information, as required by GASB 34, will be subjected to the tests and other auditing procedures applied in the audit of the basic financial statements, and an opinion will be given as to whether the supplemental information is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
- The auditor shall express an opinion on the budgetary comparison information for the General Fund, the major funds, and any annually budgeted special revenue funds. An opinion will not be given on the Management Discussion and Analysis.
- The audit will also include the following:
• Pre-planning conference with Finance staff in May/June timeframe, where both the auditor and Finance staff discuss their expectations of the audit.
• Interim audit work prior to August.
• Attendance at City Council meeting in December for presentation of the financial statements by Manager or Partner of the Audit Staff with comments and potential questions from Council as requested.
- The audit should encompass all funds and entity-wide activities as reported in the City’s Annual Comprehensive Financial Report (ACFR) OR Audit report at June 30, 2026, and any additional funds or entity-wide activities that may be added subsequent to that date.
- The audit firm will issue a management letter to the City Council after completion of the audit and assist management in implementing recommendations, as is practical. The audit firm is encouraged to discuss the content while the management letter is in draft form to ensure that all parties fully understand the circumstances that led to the auditor's comments.
- The Financial Statement Preparer will prepare the government-wide year-end adjusting journal entries as well as any necessary entries to allocate the state pension balances.