R2015-118 AUTHORIZING MAYOR AND CITY MANAGER TO EXECUTE A PROFESSIONAL SERVICE AGREEMENT Cliftonlarsonallen, LLP

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- - . .._ ._... . � _ . .�_a:� The Governmeni Auditing Standards report on internal control over financial reporting and on compiiance and other matters will include a paragraph that states(1}that the purpose of the report is soleiy to describe the scope of our testing of internal control and compliance and the result of that testing,and not to provide an opinion on the effectiveness of the entit�s internal control or on compliance,and(2)that the report is an integral part of an audit performed in accordance with GovernmeniAuditing Standords in considerir�g the entity's internal controi and compliance.The OMB Circular A-133 report on internal control over compliance wiil include a paragraph that states that the purpose of the report on internal control over compliance is soleiy to describe the scope of our testing of internal control over compiiance and the resuR of that testing based on the requirements of OMB Circular A-133.Both reports wil!state that the report is not suitable fo�any oiher purpose. We will issue written reports upon completion of our audit of your financial statements and compiiance with requirements applicable to major programs.We will make reference to May,Cocagne&King,P.C.°s audit of Civic Center Authority in our report on your financial statements.We cannot provide assurance that unmodified opinions will be expressed.Circumstances may arise in which it is necessary for us to modify our opinions,add an emphasis-of-matter or other-matter paragraph(sj,or withdraw from the engagement.If our opinions on the financial statements are other than unmodified or the single audit compliance opinion is other than unqualified, we will discuss the reasons with you in advance.If circumstances occur related to the condition of yaur records, the availability of sufficient,appropriate audit evidence,or the existence of a signfficant risk of rnaterial misstatement of the financial statements or material noncompliance caused by error,fraudulent financial reporting,or misappropriation of assets,which in our professional judgment prevent us from completing the audit or forming opinions on the financial stat�ments or an opinion on compliance,we retain the right to Lake any course of action permitted by professional standards, including declining to express opininns or issue reports,or withdrawing from the engageme�t. We also will issue a written report on Illinois Municipal Code Subsection(q)Section 11.74.4-3 of Public Act 85- 1142 upon completion of our audit. Audito�responsibilities,proredures�and limitatiams We will conduct our audit in accordance with U.S.GAAS and the standards for financi�l audits corrt�ir►�d an Government Audlting Siandards.Thase standards require that we plan and pe�Form the audit to obtain reasonable assurance about whether the basic financial statements as a whole are free from material misstatement,whether due to fraud or error.An audit involves performing procedures to obta�in sufficient appropriate audit ev[dence about the amounts and disclosures ln the basic financial statemrnts.The procedures selected depend on the auditors'judgment,including the assessment of the risks of material misstat�ment of the financial statements,whether due to fraud or error.An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of signf�cant accounting estimetes made by managementa as well as evalueting the overall p�esentation of the basic financial statements. There is an unavoidable risk,because of the inherent limitations of an audit,together with the inherent limitations of internal control,that some material mfsstatements or noncompliance may not be detected,even though the audit Is properly planned and performed in accordance wfth U.S.GAAS,GovernmeniAuditfng Siandards,and OMB Circular A-133.Because we will not perform a detailed examination of all transactions, material misstatements,whether ftom(1)errors,(2)fraudulent financial reponing,(3}misappropriati�n of assets,or(4)violations of laws or governmental regulations that are attributable to the entity nr to acts by