The City of Berwyn desires the auditor to express an opinion on the fair presentation of its basic financial statements in conformity with generally accepted accounting principles. The City of Berwyn also desires the auditor to express an opinion on the fair presentation of its combining and individual fund financial statements and schedules in conformity with generally accepted accounting principles. The auditor is not required to audit the supporting schedules contained in the Annual Comprehensive Financial Report. However, the auditor is to provide an "in-relation-to" opinion on the supporting schedules based on the auditing procedures applied during the audit of the basic financial statements and the combining and individual fund financial statements and schedules. The auditor is not required to audit the introductory section of the report or the statistical section of the report. The auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by the Governmental Accounting Standards Board as mandated by generally accepted auditing standards. Additionally, it is requested that the proposal include an option for a single audit under the provisions of the Federal Single Audit Act of 1984 (as amended in 1996) if necessary. The auditor is also responsible for the preparation of five (5) Tax Increment Financing District compliance reports required by Tax Increment Allocation Redevelopment Act. Along with your proposal for Audit Services, the City also requires separate quotes for the following optional services: 1. Preparation Annual Comprehensive Financial Report (ACFR) which includes the presentation of the supplemental schedules 2. Submission of the Illinois Comptroller’s Annual Financial Report submission
