Specifications include, but are not limited to: 1. The private auditors must gain a sufficient understanding of NBC’s processes and internal controls in order to properly determine the work that must be performed as part of the audit. The auditors must plan the audit procedures and processes to effectively and efficiently complete the audit. 2. The basic financial statements to be presented, audited, and reported upon by the private auditors shall be identified and shall include, but not be limited to, the Statement of Net Position, Statement of Revenues, Expenses and Changes in Net Position and Statement of Cash Flows. 3. Supplementary financial statements, schedules, and information to be presented and reported upon by the audit firm are the following: Required Supplementary Information (Unaudited) Schedule of NBC’s Proportionate Share of the Net Pension Liability - Employees’ Retirement System RI Schedule of NBC’s Contributions - Employees’ Retirement System RI Notes to the Required Supplementary Information - Employees’ Retirement System RI Schedule of Changes in Net Pension Liability (Asset) and Related Ratios - Non-Union Defined Benefit Plan Schedule of Employer Contributions - Non-Union Defined Benefit Plan Schedule of Investment Returns - Non-Union Defined Benefit Plan Notes to the Required Supplementary Information - Non-Union Defined Benefit Plan Schedule of the NBC’s Proportionate Share of the Net OPEB Liability - State Employees’ and Electing Teachers OPEB System Plan Schedule of NBC’s Contributions - State Employees’ and Electing Teachers OPEB System Plan Notes to the Required Supplementary Information - State Employees’ and Electing Teachers OPEB System Other Supplementary Information Schedule of Operating Budget Revenues - Budget and Actual (Budgetary Basis) Schedule of Operating Budget Expenses - Budget and Actual (Budgetary Basis) Combining Schedule of Net Position Combining Schedule of Revenues, Expenses and Changes in Net Position
