The City is requesting an audit that includes all the funds, accounts, capital assets, long term debt, and activities of the City and Tri-Com. The City prepares all accrual closing entries prior to fieldwork. Additionally, the City also maintains all capital assets and long-term debt records. 6.23 Opinion: The City desires the auditor to express an opinion on the fair presentation of the financial position of the governmental activities, the business-type activities, and the fiduciary funds in conformity with accounting principles generally accepted in the United States of America. 6.24 In Relation To: The auditor will issue an “in relation to” opinion on the City’s combining and individual fund statements and schedules. The auditor is not required to audit the introductory or statistical information sections of the ACFR. 6.25 Supplemental Information: The auditor shall also be responsible for performing certain limited procedures involving required supplementary information as required by the Governmental Accounting Standards Board and mandated by generally accepted auditing standards...
