Specifications include, but are not limited to: Conduct an annual audit of its financial statements for the fiscal year ending June 30, 2019. Audits for the years ending June 30, 2020 and 2021 may be considered following the completion of the audit of FY2019. A. Nature of Services Required services consist of an audit of the City financial statements in accordance with generally accepted auditing standards, Government Auditing Standards, and Uniform Guidance. This will include those procedures which are necessary to express and opinion as to the accuracy and completeness of the financial reports. The Finance Office of the City will prepare for auditing all financial statements, notes to financial statements, and all supporting documents and data including year-end trial balances. Review of these by the auditor will be required to review these statements for accuracy and report adjustments they recommend to City staff for consideration. The auditor would be responsible for assisting the City and/or guidance in the creation of disclosures and schedules for any new GASB pronouncements. In addition to a financial audit the respondent would be responsible for the completion of an agreed upon procedures audit of the City’s Tax Increment Financing District (TIF) as a part of the annual independent audit in accordance with the as required by Vermont Statutes.