• Express an opinion of the fair presentation of the City’s financial statements in conformity with generally accepted accounting principles, including full implementation of the provisions of GASB Statements for each fiscal year. • Provide technical assistance to the City of Derby to ensure (1) all requirements of recent GASB Statements are met, (2) the implementation of same throughout the Annual Comprehensive Financial Report (ACFR), and (3) the preparation of the financial statements that are part of the ACFR. • Preparation of the financial statements and notes to financial statements for the City of Derby, Derby Public Library and El Paso Water Company, as well as the assistance with items identified in the Special Considerations section. • Preparation of a communication and management letter to include a statement of audit findings and recommendations that will be presented to City management and the Governing Body. These will include, but not be limited to, financial statements, internal controls and legality of actions. • Preparation of the annual tax return for El Paso Water Company. • Review and provide feedback on the client-prepared transmittal letter and Management’s Discussion and Analysis. • Assist City staff in responding to reviewer comments from submissions of the Annual Comprehensive Financial Report (ACFR) to the Government Finance Officer Associations Certificate of Achievement for Excellence in Financial Reporting (Certificate of Achievement) Program. • Preparation of the STAR Bond compliance audit. The City of Derby has outstanding STAR Bonds with the State of Kansas and is required to produce an annual determination of whether bond financing obtained under K.S.A. 12-17,160 through 12-17,179 is being used only for authorized purposes. • Maintain the audit working papers which will be made available for examination and use by authorized representatives of the City at any time. All working papers and reports must be retained, at the auditor’s expense, for a minimum of five (5) years, unless the firm is notified in writing by the City of the need to extend the retention period. In addition, the firm shall respond to reasonable inquiries of successor auditors and allow successor auditors to review working papers relating to matters of continuing accounting significance. • Be available for consultation on a variety of accounting related issues as requested throughout the year.
