Specifications include, but are not limited to: The City desires the Firm to express an opinion on the fair presentation of its financial statements in conformity with generally accepted accounting principles. This will include an audit of its financial processes and records including but not limited to: • Financial statements contained in the Annual Comprehensive Financial Report. • The Council Bluffs Airport Authority and the Council Bluffs Library Foundation component units. The Council Bluffs Airport Authority has an independent auditor that prepares their financials, however, the City will need to include the Airport financials as a component unit into the City’s Annual Comprehensive Financial Report. • The City owned and third party managed Mid-America Center (MAC), Dodge Riverside Golf Course and River’s Edge Parking Garage. • Tests and procedures involving required supplementary information required by the Governmental Accounting Standards Board (GASB) as mandated by generally accepted auditing standards. • The review of the presentation of the statistical section of the financial statements insofar as current generally accepted auditing standards require such review. • The audit of the schedule of expenditures of federal awards.
