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Opinions <br />In our opinion, the financial statements referred to above present fairly, in all material respects, the <br />respective financial position of the governmental activities, the business-type activities, each major fund, <br />and the aggregate remaining fund information of the City as of June 30, 2018 and the respective changes in <br />financial position and, where applicable, cash flows thereof for the year then ended in accordance with <br />accounting principles generally accepted in the United States of America. <br />Change in Accounting Principles <br />Management adopted the provisions of Governmental Accounting Standards Board Statement No. 75, <br />Accounting and Financial Reporting for Postemployment Benefits Other than Pensions, which became <br />effective during the year ended June 30, 2018 and required a restatement of the beginning net position <br />balance of the Governmental Activities as discussed in Note 9E. <br />Other Matters <br />Required Supplementary Information <br />Accounting principles generally accepted in the United States of America require that Management's <br />Discussion and Analysis and other required supplementary information as listed in the Table of Contents be <br />presented to supplement the basic financial statements. Such information, although not a part of the basic <br />financial statements, is required by the Governmental Accounting Standards Board, who considers it to be <br />an essential part of financial reporting for placing the basic financial statements in an appropriate <br />operational, economic or historical context. We have applied certain limited procedures to the required <br />supplementary information in accordance with auditing standards generally accepted in the United States of <br />America, which consisted of inquiries of management about the methods of preparing the information and <br />comparing the information for consistency with management's responses to our inquiries, the basic financial <br />statements, and other knowledge we obtained during our audit of the basic financial statements. We do not <br />express an opinion or provide any assurance on the information because the limited procedures do not <br />provide us with sufficient evidence to express an opinion or provide any assurance. <br />Other Information <br />Our audit was conducted for the purpose of forming opinions on the financial statements that collectively <br />comprise the City's basic financial statement. The Introductory Section, Supplementary Information, and <br />Statistical Section as listed in the Table of Contents are presented for purposes of additional analysis and are <br />not required parts of the basic financial statements. <br />The Supplementary Information is the responsibility of management and was derived from and relates <br />directly to the underlying accounting and other records used to prepare the basic financial statements. Such <br />information has been subjected to the auditing procedures applied in the audit of the basic financial <br />statements and certain additional procedures, including comparing and reconciling such information directly <br />to the underlying accounting and other records used to prepare the financial statements or to the basic <br />financial statements themselves, and other additional procedures in accordance with auditing standards <br />generally accepted in the United States of America. In our opinion, the Supplementary Information is fairly <br />stated, in all material respects in relation to the basic financial statements as a whole. <br />The Introductory and Statistical Sections have not been subjected to the auditing procedures applied in the <br />audit of the basic financial statements and, accordingly, we do not express an opinion or provide any <br />assurance on them. <br />2 467