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14) Indian River County is progressive in its attitude toward new accounting <br /> standards . Early implementation is practiced when recommended . <br /> III . Services Required <br /> 1 ) An audit and an opinion on the basic financial statements for the County and for <br /> the BOCC and each Constitutional Officer (all combined in one report) , and the <br /> IRCHA (the latter for a separate report to their board members) . Financial <br /> statements are to be prepared in accordance with GASB Statement 34 . <br /> 2 ) The audit is to be done in accordance with the requirements listed in the <br /> introduction paragraph . <br /> 3 ) Review and make recommendation for required note disclosures for the County' s <br /> Comprehensive Annual Financial Report . <br /> 4) Following the completion of the audit of the fiscal year ' s financial statements , the <br /> auditor shall issue the following reports for the County and each individual <br /> constitutional officer and IRCHA : <br /> a. A report on the fair presentation of the financial statements in conformity <br /> with general accepted accounting principles . <br /> b . A report on the internal control structure based on the auditors ' <br /> understanding of the control structure and assessment of control risk . <br /> C . A report on compliance with applicable laws and regulations . <br /> d . Reports on compliance with specific requirements applicable to federal <br /> and state financial assistance programs . <br /> e . The auditor shall communicate in a letter to management any reportable <br /> conditions found during the audit for each constitutional office . <br /> f. Other reports as required by law or other governing bodies . <br /> 5 ) A Component Unit Financial Report for the Indian River County Housing <br /> Authority . <br /> 6) Special Reports for the BOCC : <br /> a . Schedule of Activity Landfill Management Escrow Account prepared in <br /> accordance with Rules 62 - 701 . 630 (5 ) and 62 - 701 . 730 ( 11 ) , Florida <br /> Administrative Code . <br /> b . Data Collection Form to the Federal Audit Clearinghouse ( SF - SAC) as <br /> required by OMB Circular A- 133 . <br /> c . Review of Annual Financial Report due to Department of Financial Services <br /> 7) Special Reports for the Clerk of the Circuit Court : <br /> a . Statement of County Funded Court-Related Functions as required by 29 . 008 <br /> Florida Statutes (currently due January .3 <br /> b . Statement of compliance for budget and performance measures as required by <br /> Florida Statutes 28 . 35 and 28 . 36 . <br /> Page 7 <br />