a) Conduct the examination of the City’s annual financial statements in accordance with auditing standards generally accepted in the United States, Government Auditing Standards promulgated by the Comptroller General of the United States. In addition, the minimum auditing standards set forth in the Single Audit Act and OMB Circular A-133 must be met in those years in which a Single Audit isrequired.The single audit report should include an appropriate schedule of expenditures of federal awards, footnotes,findings and questioned costs, including reportable conditions and material weaknesses, and a follow up on prior audit findings, where required. b) Render an independent opinion on the fair presentation of the City’s basic financial statements on the basis of their conformity with generally accepted accounting principles. The auditor is not required to audit the supporting Statistical schedules contained in the comprehensive annual financial report. However, the auditor is to provide an “in-relation to” report on the supporting schedules based on auditing procedures applied during the audit of general- purpose financial statements and the combining and individual fund financial statements schedules. c) Prepare an evaluation of the City’s compliance with applicable laws and regulations governing the City, including agreed-upon auditing procedures each fiscal year pertaining to compliance with the City’s Investment Policy. d) Perform agreed-upon audit procedures pertaining to the City’s GANN Limit and render a letter, annually, to the City regarding compliance. e) Provide a separate report on the City’s Measure P fund financial statement and on the City’s compliance with Measure P requirements per related City Resolutions and/or Ordinances.
