The City desires the Annual Comprehensive Financial Report (ACFR) and financial statements for Transportation Development Act Funds be prepared by the independent auditors and to be fully compliant with all applicable GASB statements. The audit firm will perform an audit of all funds of the City. The audit will be conducted in accordance with all applicable auditing standards. The selected independent auditors will be required to perform the following tasks: 1. The audit firm will perform an audit of all funds of the City for the purpose of rendering an opinion therein. 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 audit firm will render their auditors report on the basic financial statements which will include both Government‐Wide and Fund Financial Statements. The audit firm will be expected to prepare the financial statements, including footnotes and required supplementary schedules, as a word document processed by the audit firm and submitted to the City in PDF format in addition to providing ten (10) bound copies of the Annual Comprehensive Financial Report. The audit firm will also be expected to provide a limited review of staff prepared information including, but not limited to, the Management’s Discussion and Analysis (MD&A). 2. In addition, the audit firm will conduct the following separate audits: a. A financial and compliance audit of the component unit financial statements of the City of Rio Vista Transportation Development Act Funds (TDA). The compliance audit shall include a review on compliance with Transportation Development Act rules and regulations. The auditors shall prepare component unit financial statement for each year of the engagement.
