Jayne Phillips, CPA has been engaged by the town council of Granger to perform an audit of the town's June 30, 1999 financial statements in accordance with generally accepted auditing standards. By referendum, the town in November 1998 approved a special tax assessment to be used in constructing an addition to the local high school and in purchasing temporary freestanding classrooms for the middle school. The referendum called for the assessment to be accounted for in a special revenue fund.

Required: 

What is Phillips's responsibility regarding the accounting for the special tax assessment?