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

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CrowpuP Independent Member Crowe Global INDEPENDENT AUDITOR'S REPORT Board ofDirectors 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 hzthe financial statement. |nour opinion, the accompanying financial statement presents fairly, inall material respects, the finonoo| position ofHRP Construction Inc. 000fDecember 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 America /Q/V\G\. Our naapona|bUiUea under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statement section of our report. We are required to be independent of HRP Construction Inc. and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence xvehave obtained ia sufficient and appropriate toprovide ebasis for our audit opinion. Responsibilities of Management for the Financial Statement Management is responsible for the preparation and fair presentation of this financial ahabarnent in accordance with accounting principles generally accepted in the United States of America; and for the design, |nnp|ernentation, and maintenance of internal control relevant to the preparation and fair presentation of the financiml statement that is free from material rn|oatobernant` whether due 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 is not o guarantee that on audit conducted in accordance with G/AdS will always detect o material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from enor, as fraud may involve ooUuaion, h»rgery, intentional omiaeionm, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that. individually orinthe aggregate, they would influence the judgment made by reasonable user based onthe financial statement. (Continued)