Laserfiche WebLink
4. Management Report - An annual letter to management addressing any <br />observations concerning the internal control structure, as well as areas of <br />potential economy and efficiency. Consultant shall include any matters from the <br />prior fiscal year(s) letter to management that have not been addressed during the <br />subsequent fiscal year to the Consultant's satisfaction. In addition, this annual <br />letter shall include a report to management concerning material weaknesses <br />and/or reportable conditions, if any, as defined by the AICPA. <br />Following completion of the audit of the financial statements, schedules, supplementary <br />financial information and other information as outlined above, Consultant shall, at a <br />minimum, issue the following reports: <br />1. Auditor's Opinion report on the fair presentation of the SVCW's basic financial <br />statements in conformity with accounting principles generally accepted in the <br />United States of America, and the standards applicable to financial audits <br />contained in Government Auditing Standards, issued by the Comptroller General <br />of the United States. An electronic copy of all reports and fifteen (15) printed <br />copies of the financial statement shall be delivered to SVCW. <br />2. Single Audit report on SVCW's federal award programs. Such reports shall <br />include reports and opinions required by the Single Audit Act, OMB Uniform <br />Grant Guidance/Super Circular, Government Auditing Standards and any other <br />applicable standards or requirements. At a minimum, such reports shall include: <br />i. An "in -relation -to" report on the City's Schedule of Expenditures of <br />Federal Awards. <br />ii. Report on compliance and on internal control over financial reporting <br />based on an audit of the basic financial statements performed in <br />accordance with Government Auditing Standards. <br />iii. Report on compliance with requirements applicable to each major <br />program and on internal control over compliance required by the Uniform <br />Guidance. <br />iv. Schedule of Expenditures of Federal Awards together with applicable <br />notes to this schedule (note that the City will prepare the schedule, but <br />Consultant will include the schedule in its Single Audit Reports). <br />v. Schedule of Findings and Questioned Costs. <br />vi. Status of Prior Year Findings (if applicable). <br />vii. Form SF -SAC, Data Collections Form for Reporting of Audits of States, <br />Local Governments and Non -Profit Organizations. <br />viii. Any other report or opinion required to be in conformance with the <br />Single Audit Act and the Uniform Guidance. <br />3. Preparation and filing of Annual Financial Transactions Report to the California <br />State Controller. <br />Page 15 of 21 <br />REV: 5-23-19 PR <br />ATTY/AGR. 2019.141/Maze —Auditing Services <br />