Independent audit of the City’s Annual Comprehensive Financial Report (ACFR) and under the provisions of Uniform Guidance for the three fiscal years ending December 31, 2025 – 2027. The City shall hold unilateral options for up to two subsequent renewals for fiscal years 2028 & 2029. Following the completion of the audit of each fiscal year's Financial Statements, the auditor shall issue: 1. Report on the fair presentation of the financial statements in conformity with accounting principles generally accepted in the United States of America. 2. Report on compliance and on Internal Control over Financial Reporting based on an audit of Basic Financial Statements performed in accordance with Government Auditing Standards. 3. Report on compliance and other matters with requirements applicable to each major Federal program and internal control over compliance required by the Uniform Guidance and on the Schedule of Expenditures of Federal Awards. 4. Report to the Audit Committee and City Council.
