The City of Stephenville desires the auditor to examine its financial statements and to express an opinion on the fair presentation of the City’s financial position and changes in financial position and cash flows in conformity with accounting principles generally accepted in the United States of America. The City also desires the auditor to express an opinion on the fair presentation of its combining and individual fund and account group financial statements and schedules in conformity with generally accepted accounting principles. The auditor is not required to audit the supporting schedules contained in the comprehensive annual financial report. However, the auditor is to provide an “in-relation-to” statement on the supporting schedules based on the auditing procedures applied during the audit of the government-wide financial statements and the combining and individual fund financial statements and schedules. The auditor shall 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. The auditor shall be required to perform agreed upon procedures to comply with Texas Administrative Code Title 30 Part 1 Chapter 37 Subchapter C Rule 37.271, Financial Assurance Mechanisms for Closure, Post Closure, and Corrective Action for the Local Government Financial Test related to the City of Stephenville’s Landfill. The City of Stephenville may receive and expend $1,000,000 or more in federal and/or state funding awards during the fiscal year.
