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Auditor's Responsibilities for the Audit of the Financial Statements <br /> Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material <br /> misstatement,whether due to fraud or error,and to issue an auditor's report that includes our opinions.Reasonable assurance is a <br /> high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with <br /> GAAS will always detect a material misstatement when it exists.The risk of not detecting a material misstatement resulting from <br /> fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, <br /> misrepresentations,or the override of internal control.Misstatements are considered material if there is a substantial likelihood <br /> that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial <br /> statements. <br /> In performing an audit in accordance with GAAS,we: <br /> • Exercise professional judgment and maintain professional skepticism throughout the audit. <br /> • Identify and assess the risks of material misstatement of the financial statements,whether due to fraud or error,and <br /> design and perform audit procedures responsive to those risks. Such procedures include examining,on a test basis, <br /> evidence regarding the amounts and disclosures in the financial statements. <br /> • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate <br /> in the circumstances,but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. <br /> Accordingly,no such opinion is expressed. <br /> • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates <br /> made by management,as well as evaluate the overall presentation of the financial statements. <br /> • Conclude whether,in our judgment,there are conditions or events,considered in the aggregate,that raise substantial <br /> doubt about the City's ability to continue as a going concern for a reasonable period of time. <br /> We are required to communicate with those charged with governance regarding,among other matters,the planned scope and <br /> timing of the audit,significant audit findings,and certain internal control-related matters that we identified during the audit. <br /> Required Supplementary Information <br /> Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, <br /> Budgetary Comparison Schedules,Schedule of City's Proportionate Share of the Net Pension Liability,Schedule of City Pension <br /> Contributions,and Schedule of Changes in City's Net OPEB Liability be presented to supplement the basic financial statements. <br /> Such information is the responsibility of management and,although not a part of the basic financial statements,is required by the <br /> Governmental Accounting Standards Board who considers it to be an essential part of fmancial reporting for placing the basic <br /> financial statements in an appropriate operational,economic,or historical context.We have applied certain limited procedures to <br /> the required supplementary information in accordance with auditing standards generally accepted in the United States of America, <br /> which consisted of inquiries of management about the methods of preparing the information and comparing the information for <br /> consistency with management's responses to our inquiries,the basic financial statements,and other knowledge we obtained <br /> during our audit of the basic financial statements.We do not express an opinion or provide any assurance on the information <br /> because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. <br /> 5 <br />