Audit Services

The Vendor is required to provide certified public accountants to audit its annual financial statements, for interest in entering into a contract.
- These audits are to be performed in accordance with generally accepted auditing standards, the standards set forth by the institute accountants and audit requirements for federal awards (as amended), and the uniform grants management standards of the state.
- The auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by the Governmental Accounting Standards Board as mandated by generally accepted auditing standards.
- The City also desires the auditor to express an “in relation to” opinion on the fair presentation of its combining and individual fund financial statements and schedules in conformity with generally accepted accounting principles.
- The auditor is not required to audit the introductory, statistical or continuing disclosure sections of the report.
- The City typically receives sufficient federal and state grant revenues in a given year to require that a single audit be performed in accordance with federal government requirements.
- The Auditor shall report any significant deficiencies in the design or operation of the internal control structure, which could adversely affect the organization's ability to record, process, summarize, and report financial data consistent with assertions of management in the financial statements.
- The Auditor shall report significant opportunities for internal control improvements or increased efficiencies requiring action by City management and/or the City Council.