1. Comprehensive Annual Financial Report (CAFR) on the examination of financial statements and records of the NWSRA, including all funds and account groups, and in accordance with requirements set forth by GASB. • All financial statements and notes to the financial statements. • The statistical section of the CAFR and the appropriate schedules. 2. Annual Reports required in accordance with the provisions of the Single Audit Act. 3. The NWSRA document will also include the following information: a. Budgetary Comparison Schedules b. Schedules of Funding Progress c. Schedule of Risk Management 4. Management letter for NWSRA containing comments and recommendations or improvements of accounting procedures and internal controls for the NWSRA’s consideration. 5. Comprehensive Annual Financial Report (CAFR) on the examination of financial statements and records of the SLSF, including all funds and account groups in accordance with procedures for non-profit reporting. The auditor will prepare all financial statements and notes to the financial statements. 6. The document submitted for the SLSF will include: Statement of Activities-Combined Unrestricted and Temporary Restricted Budget (GAAP Basis) and Actual. 7. Management letter for SLSF containing comments and recommendations or improvements of accounting procedures and internal controls for the SLSF’s consideration. 8. In addition, the annual tax returns for the Special Leisure Services Foundation must be prepared including the following: • Form 990 Federal corporate not-for-profit tax returns • Form AG990 IL Illinois Charitable Organization Annual Report
