Common use of Reports to be Issued Clause in Contracts

Reports to be Issued. Following the completion of the audit of the fiscal year's financial statements on a fund level the auditor shall issue: A. A report on the fair presentation of all required financial statements in conformity with generally accepted accounting principles as expressed on a fund level basis (an “in relation to opinion” will not be acceptable). B. A report on internal control over financial reporting and on compliance and other matters for each financial reporting level receiving an audit opinion. C. All reports as necessary to comply with current laws and regulations, as amended, relating to Federal grants received by the County and State of Florida financial assistance programs. D. Any other attestations and reports as may be now or in the future required by Federal Departments, Florida Statutes, Florida Administrative Code, or County bond covenants. This includes, but is not limited to, Title 2 of the Code of Federal Regulations (2 CFR) Sub-Title A, Chapter II, Part 200, et al. Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards HUD Real Estate Assessment Center (REAC) reports, Financial Assessment Subsystem (FASS-PH), County funding of court related obligations [Sec. 29.0085, Florida Statutes, Clerk of Courts compliance report Sec. 28.35(2)(d), Florida Statutes], certification on solid and hazardous waste financial responsibility. E. Chapter 10.550, Rule 10.556(10) of the Auditor General, State of Florida, provides for examinations of the COUNTY’S compliance, the Board of County Commissioner’s compliance, and the compliance of each Constitutional Officer with Section 218.415, Florida Statutes; the compliance of the Clerk of the Circuit and County Courts’ compliance with Article V requirements of Sections 28.35 and 28.36, Florida Statutes and requirements of Section 61.181, Florida Statutes; and the compliance of community redevelopment agencies with revenues or a total of expenditures and expenses in excess of $100,000 with Sections 163.387(6) and (7), Florida Statutes. In connection with CONTRACTOR’S audit of the COUNTY’S financial statements, CONTRACTOR will provide reports on these examinations.