Opening of Bids - WWTP Final Clarifiers 4 & 5, Aeration Tanks 1-4 and Disinfection Improvements Proj No. 119-069A - Kokosing Industrial Inc.

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Crowe LLP ' I III LVDXIIJ: a 2 101: 12 1 90� � � Board of Directors and Stockholders Kokosing, Inc. and Subsidiaries Report onthe Financial Statements VVehave audited the accompanying consolidated financial statements of Kokosing, Inc. and Subsidiaries, which comprise the consolidated balance sheets as of W1eroh 31` 2020 and 2019. and the related consolidated statements of inoome, equity, and cash Oovve for the years then ended. and the related notes to the financial statements. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these c0Dmdk1abed financial statements in accordance with accounting principles generally accepted in the United States of America; this includes design. |mcdenoenbation, and maintenance of internal oortn}| relevant tothe preparation and hair presentation of consolidated hneno|a| statements that one free from material misstatement, whether due tofraud o[error. Auditor's Responsibility Our reopnnaibi|hx is hmexpress mn opinion on these consolidated financial statements boned on our audits. econducted our audits |naccordance with auditing standards generallyaccepted inthe United 8tebse of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of rnotaha| misstatement of the consolidated financial atetenlentn, whether duo to fraud or error. In making those risk asgeenmeOte, the auditor considers internal control relevant to the entity's preparation and fair presentation of the consolidated financial statements in order to design audit pnnoedunse that are appropriate in the o|noummbgnues, but not for the purpose of expressing an opinion onthe effectiveness ofthe entity's internal control vv Aonnnding|y, e express no such opinion, An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness ofsignificant accounting eoUmahae made by management, as well as evaluating the overall presentation ofthe consolidated financial statements. We believe that the audit evidence wehave obtained is sufficient and appropriate to provide obasis for our audit opinion.