Annual Utility Audit Services

The Vendor is required to provide the audit of each standalone financial statements for each of the five years ending December 31, 2026, through 2030.
- The audits is to obtain the auditor’s opinion on the fairness of the financial statements presented, and are in conformity with generally accepted accounting principles applied on a basis consistent with auditing standards generally accepted in the united states and the standards applicable to financial audits contained in government auditing standards, issued by the comptroller general of the country, and shall include such tests, sampling and other audit techniques as the auditor determines necessary in the circumstances.
- Ascertain whether the operating divisions’ have complied with debt service, bond reserve fund and other requirements as prescribed in the various bond resolutions and ordinances of the City
- Prepare and submit a management letter to the Finance Department no later than five days following the audit report. The management letter shall report all significant opportunities for realistically improving internal control of Divisions’ and procedures which are discovered or observed by the auditor in the course of the audit.