Res 2005-102 - Laserfiche WebLink

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issues not only throughout the course of this Agreement and subsequent audit, but throughout the entire fiscal year. 2.1.7 Conduct audit tests involving random samples as necessary. 2.1.8 Perform all auditing procedures in order to determine that the financial statements are presented in accordance with generally accepted accounting principles applied on a consistent basis and that all material disclosures have been made. 2.1.9 Prepare a print ready copy of the required Comprehensive Annual Financial Report ("CAFR") along with exhibits for the City's review and approval in addition to the supporting spread sheets and audit work papers accumulating the information from the various individual funds based upon trial balance and subsidiary information. Page reference, font style and report layouts will be directed by the City. The Auditor will prepare the financial report in such a manner that will enable the City to receive a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada ("GFOA"). The City will utilize one report to fulfill both the annual audit requirement for Federal financial assistance as specified by the Single Audit Act Amendments of 1996. 2.1.10 Submit a draft report of the CAFR to the City no later than December 31 st of each calendar year for the term of the Agreement and, submit a final report no later than January 31 st of the following calendar year for the term of this Agreement. The Auditor will schedule a time to meet with the City's Representative in order to review the draft report prior to the Auditor's preparation of the final report. 2.1.11 After approval of the draft report by the City, the Auditor will print, bind, and distribute to the City, the approximate numbers of the following final reports: a) 100 - CAFRs; b) 25 - Single Audit Reports; c) 25 Forfeiture Funds Reports; and d) 25 Management Letters. 2.1.12 The Auditor will assist the City in meeting the requirements of the GFOA for review of the City's CAFR in the Certificate of Achievement for Excellence in Financial Reporting program. 2.1.13 Issue the Schedule of Expenditures of Federal Award and the related Auditor's report, as well as the reports on compliance and internal controls separately from the CAFR. 2.1.14 Prepare a separate audit of the City's Seized Asset Funds. 2.2 ADDITIONAL SERVICES/CHANGE IN SERVICES 3