An opinion on the fair presentation of the City’s general-purpose financial statements in conformity with generally accepted accounting principles Audit of the basic financial statements, preparation of the Memorandum on Internal Control, preparation of the Report on Compliance with Bond Covenants for the Indenture of Trust, and issuance of the reports thereon Audit of the footnote disclosures of the Successor Agency to the Redevelopment Agency included in the City's Annual Comprehensive Financial Report Performance of procedures and issuance of agreed upon procedures report to comply with Proposition 111 Appropriations Limit increment requirements Testing of compliance for the Metropolitan Transportation Commission/Transportation Development Act Program and preparation of the required report for all years within the agreement term that a report is required Accounting standards generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management's discussion and analysis, to supplement the City's basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. If the City's financial statements are accompanied by supplementary information other than RSI, the supplementary information will be subject to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America, and will provide an opinion on it in relation to the financial statements as a whole. Other information accompanying the financial statements will not be subjected to the auditing procedures applied in the audit of the financial statements, and the report will not provide an opinion or any assurance on that information. In the event that a single audit is required, the requisite single audit testing for purposes of complying with single audit reporting requirements shall be performed.
