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The following RSI is required by US GAAP. This RSI will be subjected to certain limited procedures but will not be audited: e Management’s Discussion and Analysis e Schedule of the Local Government’s Proportionate Share of the Net Pension Liability/(Asset})— Retirement Systems ¢ Schedule of the Local Government’s Contributions—Retirement Systems Schedule of Changes in the Local Government’s Total Pension Liability—LOSAP « Required Supplementary Budgetary Comparison Schedule—General Fund and each major special revenue fund with a legally adopted budget Supplementary information other than RSI will accompany the Village’s basic financial statements. We will subject the following supplementary information to the auditing procedures applied in our audit of the basic financial statements and perform certain additional procedures, including comparing and reconciling the supplementary information to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and additional procedures in accordance with U.S. GAAS. We intend to provide an opinion on the following supplementary information in relation to the basic financial statements as a whole: e Supplementary information, as listed in the table of contents Auditor Responsibilities We will conduct our audit in accordance with US GAAS and Government Auditing Standards, issued by the Comptroller General of the United States of America. As part of an audit in accordance with US GAAS and Government Auditing Standards, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: e Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. * Obtain an understanding of the system of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. However, we will communicate to you in writing concerning any significant deficiencies or material weaknesses in internal control relevant to the audit of the financial statements that we have identified during the audit. © Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. ¢ Conclude, based on the audit evidence obtained, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Village’s ability to continue as a going concern for a reasonable period of time.