Opening of Bids - 2024 Lead Service Line & Main Replacements SE Zone Proj No. 123-069B - HRP

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owweup Independent Member Crowe Global INDEPENDENT AUDITOR'S REPORT Board of Directors and Shareholder HRPConstruction Inc. South Bend, Indiana We have audited the balance sheet ofHRP Construction Inc. as of December 31.2023, and the related notes bzthe financial statement. In our opinion, the accompanying financial statement presents faidy, in all material neapacte. the financial position of HRP Construction Inc. as of December 31. 2023. in accordance with accounting principles generally accepted inthe United States ofAmerica. Basis for Opinion We conducted our audit in accordance with auditing standards generally accepted in the United States of Annohoo (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statement section of our report. We are naqu}nad to be independent of HRP Construction Inc. and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating bzour audit. \Nebelieve that the audit evidence vvohave obtained ia sufficient and appropriate to provide basis for our audit opinion. Responsibilities of Management for the Financial Statement Management is responsible for the preparation and fair presentation of this financial obshamnent in accordance with accounting principles generally accepted in the United Sbabso of America; and for the das|gn, imnp|enlentaUon, and maintenance of internal control relevant to the preparation and hair presentation of the financial statement that is fuam from mabaho| miuebatennant, whether duo to fraud or error. Auditor's Responsibilities for the Audit mfthe Financial Statement Our objectives are to obtain reasonable assurance about whether the financial statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore |o not a guarantee that an audit conducted in 0000ndonne with GAAG will okwoym detect a nnobario| misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from ennr, as fraud may involve collusion, hmr0ary' intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based onthe financial statement.