Opening of Bids - CSO 22 Control Valve Replacement Proj No. 123-032 - HRP

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orowwup Independent Member Crowe Global INDEPENDENT AUDITOR'S REPORT Board ofDirectors and Shareholder HRP Construction Inc. South Bend, Indiana We have audited the balance sheet ofHRPConstruction Inc. as of December 31.2023.and the related notes bothe financial statement. In our opinion, the accompanying financial statement presents foidy, in all material reepects. the financial position ofHRP Construction Inc. auofDecember 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 (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statement aacUmn 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 toour audit. We believe that the audit evidence vvehave obtained ie 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 statement in accordance with accounting principles generally eocapbsd in the United Gbshea of America; and for the dos|gn, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the financial statement that is free from nnehaho| nnioetobsnnent, whether due to fraud or error. Auditor's Responsibilities for the Audit of the Financial Statement Our objectives are tmobtain reasonable assurance about whether the financial statement eoowhole imfree 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 m guarantee that on audit conducted in accordance with GA\G will ekwave dahaot a nnobyho| misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one nanu|hng from enor, as fraud may involve coUuaion, forgery, intentional orniaaiona, misrepresentations, or the override of internal control. Misstatements are considered material if there is a oubmtonUo| likelihood that, individually or in the aggregate, they would influence the judgment made bva reasonable user based onthe financial statement. il