Professional Audit Services

Scope of the Work to be PerformedThe goal is to provide the public and its constituents with a comprehensivefinancial statement that gives complete, accurate, and understandableinformation regarding both of the agency’s financial condition. All of the AnnualComprehensive Financial Reports (ACFR) are to be fully compliant with allcurrent GASB pronouncements for the fiscal year ending June 30, 2025 andeach of the subsequent years that the audit firm contracts with the City.The selected independent auditor will be required to perform the followingtasks:1. Examine the financial statements of the governmental activities, each majorfund, and the aggregate remaining fund information of the agencies, and theagencies financial records for each of the two fiscal years ending June 30,2025 through June 30, 2026. The purpose of the examination is to obtain theauditor’s opinion on the fairness of the basic financial statements presented,and whether they comply with generally accepted accounting principlesapplied on a basis consistent with that of the preceding year. The examinationshall be conducted in accordance with generally accepted auditing standardsas set forth in Government Auditing Standards issued by the ComptrollerGeneral of the United States, the provisions of the Federal Single Audit Actas amended, and U.S. Office of Management and Budget (OMB), and shall include such tests as sampling and other audit techniques as determined bythe auditor.2. Following the completion of the audit of the City/Successor Agency to theRDA’s basic financial statements and related records, the auditor shallprepare:a. An Annual Comprehensive Financial Report for the City.b. If applicable, a report on compliance with requirements applicable toeach major program and internal controls over compliance inaccordance with OMB. (Single Audit)c. If applicable, a schedule of findings and questioned costs. (SingleAudit)d. If applicable, an “in-relation-to” report on the schedule of expendituresof federal awards. (Single Audit)e. State Controller’s reports for the City.3. Apply to the management discussion and analysis those procedures requiredby the auditing standards to be applied to required supplementary information.The auditor will apply an understanding of the method of preparation, thesource and basis for the information presented, comparing for consistency tothe audited data, and ascertaining that the management’s discussion andanalysis contains all of the information required under government auditingstandards and does not contain information prohibited to be presented in themanagement’s discussion and analysis.4. Prepare and submit a management letter at the conclusion of the annual audit.The management letter shall report all significant opportunities for realisticallyimproving internal controls of the City’s operations and procedures that arediscovered or observed by the auditor in the course of the annual audit andmanagement response to the recommendations.5. Provide general consultation on financial reporting matters.6. The auditor shall communicate in a letter to the City Manager any reportableconditions, as defined by professional auditing standards, found during theaudit. Any irregularities or illegal acts that come to the auditor’s attention willbe reported immediately to the City Manager.