Financial Statement Audit Services

The Vendor is required to provide by financial statement audit services.
- To determine whether the general-purpose financial statements present fairly the financial position and results of financial operations and cash flows in accordance with generally accepted accounting principles and the supplementary information is fairly presented in all material respects in relation to the financial statements taken as a whole.
- To obtain an understanding of internal control over financial reporting sufficient to plan the audit by performing procedures to understand both the design of controls relevant to an audit of financial statements and whether they have been placed in operation, and assess control risk.
- To follow up on known material findings and recommendations from previous audits.
- To prepare working papers containing sufficient information to enable an experienced auditor having no previous connection with the audit to ascertain from them the evidence that supports the auditor’s significant conclusions and judgments.
- To complete the audit within mandated timeframes which are established by contractual agreement and/or by state and federal regulations.
- It shall be the responsibility of the audit firm selected to ascertain the mandated timeframes and for completing the audit within those timeframes.
- This fund is used to record the transactions relating to all loans and grants (i.e. construction loans, emergency loans, solid waste and recycling grants) except those that are funded by bond issues or federal grants.
- The revenue for the fund is generated through state appropriations (cash or general obligation bonds), loan repayments, and interest from investments.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: April 4, 2025