Opening of Bids - South Well Field WTP Improvements - Bid Package 2 Div A Proj No 117-059A - Bowen Engineering

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t"PA1 ADCI<NRk 'blue Blue & Ca,LLC : 12300 N Meridian Street, Suite 400 / CarineI, IN 46032 mnn 317 848.8920 !Jx 317,573.2458 wa,' bluedblueandco.com REPORT OF INDEPENDENT AUDITORS To the Board of Directors and Shareholder Bowen Engineering Corporation Indianapolis, Indiana Opinion We have audited the accompanying financial statements of Bowen Engineering Corporation (the Company), which comprise the balance sheets as of September 30, 2024 and 2023, and the related statements of income and comprehensive income, shareholder's equity, and cash flows for the years then ended, and the related notes to the financial statements. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of September 30, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Or)inion We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are available to be issued. Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report