Financial Auditing Services

The vendor is required to provide that financial auditing services
- An examination and expression of opinion on the fair presentation of the basic financial statements in conformity with generally accepted accounting principles (GAAP).
- The examination must be performed in accordance with GAAS as set forth by the institute, and in accordance with generally accepted government auditing standards (GAGAS).
- If a single audit is required as part of the annual audit, the audit shall also be performed in accordance with the institute standards, the single audit act, and the uniform administrative requirements cost principles, and audit requirements for federal awards 2 cfr 200 (code of federal regulations) uniform grant guidance (UGG) subpart f.
- The audit must also meet the requirements of the applicable laws of the state
- The auditor will audit the financial statements of the governmental activities, the business – type activities, the blended component unit, each major fund, and the aggregate remaining fund information, which collectively comprise the basic financial statements.
- The auditor shall be responsible for performing certain limited procedures involving supplementary information required by the governmental accounting standards board (GASB) as mandated by GAAS.
- The following required supplementary information (RSI) will be subjected to certain limited procedures but will not be audited:
• Management’s discussion and analysis (MD&A).
• Schedule of funding progress – retirement plan
• Schedule of funding progress – OPEB (other post-employment benefits)
• Schedule of changes in net pension liability and related ratios
• Schedule of city contributions – retirement plan
• Schedule of pension investment returns – retirement plan
• Budgetary comparisons for the general fund.
- Supplementary information other than RSI also accompanies the basic financial statements.
- The following supplementary information will be subjected to the auditing procedures applied in the audit of the basic financial statements and the auditor will provide an opinion on it in relation to the basic financial statements:
• Schedule of expenditures of federal awards.
• Combining and individual fund statements.
• Schedules of projects constructed with transportation special purpose local option sales tax (TSPLOST).
- The following additional information accompanying the basic financial statements will not be subjected to the auditing procedures applied in the audit of the basic financial statements, and no opinion will be expressed on them:
• Introductory section
• Statistical section
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: March 31 2025