The Vendor is required to provide and experienced public accounting firms whose principal officers are independent certified public accountants to audit the financial statements for the fiscal year ending September 30, 2026, through 2028, with the option of auditing the financial statements for each of the two subsequent fiscal years.
- The City Manager is authorized to transfer budgeted amounts between line items within departments; however, any revisions that alter the total expenditures of any fund must be approved by the City Council.
- The auditor is not required to audit the supporting schedules.
- The auditor is to provide an “in-relation- to” report on the supporting schedules based on the auditing procedures applied during the audit of the general-purpose financial statements and the combining and individual fund financial statements and schedules.
- The auditor is not required to audit the statistical section of the report.
- The audit shall also be conducted in accordance with standards and requirements prescribed by the Governmental Accounting Standards Board and any other applicable federal, state, and local regulatory agencies.
- The auditor shall likewise issue any other reports subsequently required by these or similar entities following completion of the financial or single audit.
- The schedule of federal financial assistance and related auditors' reports, as well as the reports on the internal control structure and compliance, are not to be included in the Annual Financial Report but are to be issued separately.
- A reportable condition shall be defined as a significant deficiency 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 the assertions of management in the financial statements.
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