Single Audit

The Single Audit Report is federally mandated by the Single Audit Act of 1984, the Single Audit Act Admendments of 1996, and the Office of Management and Budget's (OMB) Circular A-133, which requires an audit to be conducted for any non-Federal entity that expends $500,000 or more in a year in Federal awards.  This audit is conducted by an independent auditor and the main objectives are to ensure a fair presentation of the basic financial statements and the schedule of expenditures of Federal awards, and to also audit the City's internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards expended during the fiscal year.
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