The Village requires the Auditor to issue an opinion on the fair presentation of the financial position of the governmental activities, business-type activities, major funds, and the aggregate remaining fund information of the Village and fiduciary funds in accordance with accounting principles generally accepted in the United States of America. The Auditor will also issue an in relation to opinion on the Village’s combining and individual fund financial statements and schedules. The Auditor will not be required to audit the introductory and statistical information sections of the Annual Comprehensive Financial Report (ACFR). The Auditor shall be responsible for performing certain limited procedures on the supplementary information that is required by the Governmental Accounting Standards Board, as mandated by generally accepted auditing standards. The Auditor will assist the Village in the preparation of the government-wide conversion adjustments. The Auditor will also prepare, edit, and assemble all sections of the ACFR from the financial data and other information provided by the Village.
