The audit will include the balance sheets of the City’s various fund types and account groups and the related statements of revenues, expenditures, and changes in fund balance for the year end. The audit will be made in accordance with generally accepted auditing standards; and will include tests of the accounting records of the City. The combining individual fund and account group financial statements and schedules will be subject to the auditing procedures applied to the combined financial statements. Procedures will include tests of documentary evidence supporting the transactions recorded in the accounts and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected customers, creditors, and banks.
