The vendor is required to provide auditing services for a three-year period commencing with the FY 2026 (fiscal year ending December 31, 2026) audit and continuing with the FY 2028 audit.
- Basis of accounting
• The city uses the statutory basis of accounting.
• Cash receipts are recognized when the cash balance of a fund is increased.
• Expenditures include disbursements, transfers, accounts payable and encumbrances.
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