Specifications include, but are not limited to: 1. Audit period will be July 1, 2023, through June 30, 2024. 2. Special reports, exhibits, and schedules required: • Statement of Net Position. • Statement of Activities. • Balance sheet. • Reconciliation of Governmental Fund Balance Sheet to Statement of Net Position. • Reconciliation of the Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities • Statements of changes in financial position. • Notes of financial statement. 3. Conferences: • Exit conference with Library District Board and Library Director. • Exit conference with office personnel. 4. Description of Entity and Records to be Audited: • General ledger, fixed assets ledger, accounts receivable, general journal, accounts payable. 5. Available Manuals and Information Sources: • Minutes of the board meetings of the District. • Accounting function work description of General Ledger Bookkeeper. • Financial Policies 6. Details of fixed assets are maintained. Fixed assets are based on cost when available otherwise on estimates authorized by the Board of Directors.
