Specifications include, but are not limited to: The City of Big Rapids is requesting proposals from qualified firms of certified public accountants to audit its financial statements and compile the City’s Comprehensive Annual Financial Report (CAFR) for the fiscal year ending June 30, 2019. Audits performed will also need to address the requirements of and be in compliance with all of the following: • Applicable State of Michigan requirements; • Applicable Federal Requirements; • Applicable requirements under GAAP; • Any other applicable requirements. The City also may have the necessity for a Single Audit, dependent upon the amount of federal grants awarded. The Downtown Development Authority is included in the combined financial statements; however a separate report is not prepared. The successful firm shall conduct an examination of the financial records, amounts, and procedures of all funds of the City in place or required to be in place at the end of the fiscal years covered by this request for proposal for the purpose of expressing an opinion on the financial statements and a report on compliance with applicable laws and regulations. The audit will include, but not limited to the following funds: • General Fund • Special Revenue Funds • Debt Service Funds • Capital Project Funds • Enterprise Funds • Internal Service Funds • Fiduciary Funds • GASB 34 Funds The auditors shall also be responsible for preparing the supplementary information required by the Government Accounting Standards Board (GASB) as mandated by GAAS. Additionally, the auditor will be responsible for preparing other supplementary schedules as required or requested by the City Treasurer. The auditors shall be responsible for year-end and adjusting closing entries, which must be supported by backup documents. All year-end and adjusting entries performed by the auditor must be approved by the City Treasurer or designee.