The audit is to be performed in accordance with accounting principles generally accepted in the United States of America and the standards applicable to financial audits contained in Government AuditingStandards, issued by theComptrollerGeneral oftheUnited States. The SingleAuditwill include those requirements defined in the U.S. Office of Management and Budget Circular A-133, Audits of States, Local Government, and Non-Profit Organizations. The reporting requirements are as follows: • Independent Auditors' Report on the City's Annual Comprehensive Financial Report (ACFR). The City has received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for the ACFR submitted for the years ended December 31, 1989 through 2023; 2024 will be under review. We anticipate submitting the ACFR for the Certificate of Achievement for Excellence in Financial Reporting on an annual basis. • Independent Auditors' Report with accompanying financial statements and notes for the governmental activities, the businesstype activities, each major fund, and the aggregate remaining fund information (the Basic Financial Statements). • Independent Auditors' Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based upon an Audit of Financial Statements Performed in Accordance with Government Auditing Standards. • Independent Auditors' Report on Compliance for Each Major Program and Report on Internal Control over Compliance in Accordance with OMB Circular A-133, including the Schedule of Expenditures of Federal Awards. • Compliance with SC State Code #14-1-208 and #14-1-209 – Uniform Schedule of Court Fines, Assessments and Surcharges.
