External Auditing Services

The Vendor is required to provide auditing the city's annual comprehensive financial report and single audit (among other financial statements), as well as auditing reports that the city presents to the auditor of public accounts.
- The city has two types of component units: blended and discrete
• The financial data from blended component units is combined with that of the city itself and reported in the appropriate fund type.
• This includes the retirement system, reported as a fiduciary pension trust fund.
• Discretely presented component units are separate legal entities that operate independently of the city government and are reported in a separate column in the government-wide financial statements.
• Separate annual comprehensive financial reports are issued by other independent auditors for the discretely presented component units.
• Auditing services for those discretely presented component units are not part of the scope of this request for proposals, unless a discretely presented component unit chooses to make purchases off of the resulting contract pursuant to part 4 (the “special terms and conditions”) of the contract.
- Required audits and periods to be audited
• Services required under this contract for at least three engagement periods without the need for the city to be subject to any client acceptance or reacceptance policy or procedure.
• The first engagement period shall begin on the commencement date set forth in the goods and services contract and shall end on march 31st of the following fiscal year
• Engagement period shall begin on April 1 of a given fiscal year and end on March 31 of the following fiscal year.