Specifications include, but are not limited to: The City of Cathedral City desires the auditor to express an opinion on the fair presentation of its general purpose financial statements in conformity with generally accepted accounting principles for the fiscal year ended June 30, 2024 and each of the subsequent years, 2025 and 2026 of the audit firm’s contract with the City. The selected independent auditor will be required to perform the following tasks: 1. The audit firm will perform an audit of all funds of the City of Cathedral City. The audit will be conducted in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards, issued by the Comptroller of the United States. The City’s Annual Comprehensive Financial Report (ACFR) will be prepared by City staff. The ACFR will be in full compliance with applicable Governmental Accounting Standards Board (GASB) Statements. The audit firm will render their auditors’ report on the basic financial statements, which will include both Government-Wide Financial Statements and Fund Financial Statements. The audit firm will also apply limited audit procedures to Management’s Discussion and Analysis (MD&A) and required supplementary information pertaining to the General Fund and each major fund of the City. The City has two blended component units, the Cathedral City Public Financing Authority (“PFA”) and the Cathedral City Community Services District (“CSD”). As blended component units of the City, they will be subject to the same auditing procedures as applied to the City’s financial statements. The PFA is reported as a debt service fund while CSD activity is included as part of the General Fund. Separate financial statements are not prepared for these two component units. The City also has a fiduciary component unit, the Successor Agency to the Redevelopment Agency of the City of Cathedral City (“Successor Agency”). As a fiduciary component unit of the City, it will be subject to the same auditing procedures as applied to the City’s financial statements. The Successor Agency is reported as a private-purpose trust fund. A separate financial statement is not prepared for this component unit. 2. The audit firm shall perform agreed-upon auditing procedures pertaining to the City’s GANN Limit (Appropriations Limit) and render an annual letter to the City regarding compliance. 3. The audit firm shall issue a separate “management letter” including recommendations for improvements in internal control, accounting procedures and other significant observations considered to be non-reportable conditions. Management letters shall be addressed to the City Manager.