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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Certified Public Accountants and the standards for financial and <br />compliance audits contained in the U.S. General Accounting Office's <br />Government Auditing Standards (1994), as may be further amended. <br /> <br />2. Standards for Reporting on Audit of Financial Statements <br /> <br />a. The report shall: <br /> <br />i. State whether the financial statements are presented in <br />accordance with generally accepted accounting principles; <br /> <br />ii. State whether such principles have been consistently <br />observed in the current period in relation to the preceding <br />period and if any material change has occurred to explain its <br />effect(s) on the financial reports; <br /> <br />Hi. Contain the following financial statements: <br /> <br />(a) General Purpose Financial Statements: <br /> <br />Combined Balance Sheet - All Fund Types and <br />Account Groups <br /> <br />Combined Statement of Revenues, Expenditures, and <br />Changes in Fund Balances - All Governmental Fund <br />Types and Expendable Trust Funds <br /> <br />Combined Statement of Revenues, Expenditures, and <br />Changes in Fund Balances - Non-GAAP Budgetary <br />Basis - General and Special Revenues Fund Types <br /> <br />Combined Statement of Revenues, Expenses and <br />Changes in Retained Earnings - Proprietary Fund Type <br /> <br />Combined Statement of Cash Flows - Increase <br />(Decrease) in Cash and Cash Equivalents - <br />Proprietary Fund Type <br /> <br />Notes to the Combined Financial Statements <br /> <br />(b) Individual or Combining Financial statements for each <br />fund which provide further analysis of the <br />statements indicated in (a) above. <br /> <br />(c) Other financial statements, schedules, statistical <br />data and comments that would contribute to an <br />understanding of the financial operations of the <br /> <br />-6- <br />