A. Audit shall include all funds and account groups of the District including, but not limited to: • General Funds (Restricted and Unrestricted) • Special Revenue Funds • Capital Project Funds • Enterprise Funds • Internal Service Funds • Trust and Agency Funds • Capital Asset Fund B. Preparation of the District-wide financial statements in compliance with GASB statements #34 and #35, and supplementary information on a fund basis including but not limited to net assets, statement of revenues, expenses, and change in net assets, reconciliation of the annual financial and budget report (CCFS-311) with audited financial statements, and reconciliation of the 50 percent law calculation. C. Audit internal controls and procedures. D. Audit the financial statements and records of the Hartnell College Foundation, an independent 501(c)3 organization. E. The Contractor will be requested to attend meetings to present the independent audit report, financial statements, and findings to the District’s Board of Trustees, the Board of Trustees Audit Committee, the Foundation’s Committees, and the Citizens’ Bond Oversight Committee, and other committees deemed appropriate by the District. 2. Auditing standards to be followed: The audit shall be conducted in accordance with generally accepted auditing standards, Governmental Auditing Standards issued by the Comptroller General of the United States and the provisions of the Office of Management and Budget Circular A-133, “Audits of States, Local Governments, and Non-Profit Organizations,” which involves obtaining an understanding of the internal control structure, including the control environment, the accounting system, and the control procedures established by management. Audit shall also include audit procedures required by the California Community Colleges Chancellor’s Office’s Contracted District Audit Manual. 3. Prepare separate reports for Measure T Bond. Performance and Financial Audits are required. 4. Audit Financial Statements of Hartnell College Foundation. 5. Prepare tax form 990 as required for Hartnell College Foundation.
