Audit Services

The Vendor is required to provide an annual audit of its financial statements by a Certified Public Accountant in accordance with generally accepted auditing standards.
- The City utilizes the following funds:
• Governmental Funds:
o General Fund
o Recreation Fund
o Transportation Fund
o Local Building Authority Fund
o Capital Projects Fund
• Enterprise Funds:
o Water Utility Fund
o Sewer Utility Fund
o Sanitation Utility Fund
o Storm Sewer Utility Fund
• Internal Service Fund:
o Fleet Management Fund
- For financial audits, the auditor shall examine the financial statements and records of the entity and shall issue an auditor’s opinion on the entity’s financial statements with an in-relation-to opinion on combining and supplementary information, if any. Such financial statements shall be prepared in conformity with generally accepted accounting principles.
- The auditor will be involved in drafting, typing, and printing financial statements, and will assist management’s efforts to obtain the Government Finance Officers Association’s Certificate of Achievement of Excellence in Financial Reporting.
- The auditor shall issue a compliance report based on an audit of general purpose or basic financial statements and a report on the internal control structure; both in accordance with Government Auditing Standards.
- The auditor shall prepare and include a statement expressing positive assurance of compliance with State fiscal laws identified by the state auditor and other financial issues related to the expenditure of funds received from Federal, State, or local governments.
- The auditor shall prepare a comprehensive management letter including the auditor’s findings and recommendations relative to the internal accounting and administrative controls, compliance with laws and regulations as applicable and adherence to generally accepted accounting principles.