Specifications include, but are not limited to: 1. The Town of Narragansett desires the auditor to express an opinion on the fair presentation of its basic financial statements, which will include government-wide financial statements, fund financial statements, and notes to the financial statements in conformity with generally accepted accounting principles. 2. The auditor shall also be responsible for performing certain limited procedures involving required supplementary information as required by the Governmental Accounting Standards Board as mandated by generally accepted auditing standards. Required Supplementary Information shall include: Management’s Discussion and Analysis Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Schedules related to defined benefit pension plans and OPEB plans, if applicable 3. The Town of Narragansett also desires the auditor to express an "in-relation-to" opinion on the supplementary financial statements and schedules based on the auditing procedures applied during the audit of the basic financial statements. Supplementary financial statements, schedules and information shall include: Combining fund financial statements shall be presented as supplementary information for all non-major governmental funds. Each non-major fund (included within the Special Revenue Funds, Capital Projects Funds, Debt Service Funds, and Permanent Funds) shall be presented as separate columns in the combining fund financial statements. Similarly, combining financial statements shall also be presented for each of the other fund types when there is more than one internal service fund, proprietary fund, and fiduciary fund.
