Auditing Services

The vendor is required to provide for an independent audit of the town for three fiscal years ending June 30, 2025, June 30, 2026 and June 30, 2027.
- The fair presentation of its basic financial statements, which will include government-wide financial statements, fund financial statements, and notes to the financial statements in conformity with generally accepted accounting principles.
- The auditor shall also be responsible for performing certain limited procedures, as required by generally accepted auditing standards, involving required supplementary information mandated by the governmental accounting standards board.
- Supplementary financial statements, schedules and information shall include:
• Combining fund financial statements shall be presented as supplementary information for all non-major governmental funds.
• Each non-major fund (included within the special revenue funds, capital projects funds, debt service funds, and permanent funds) shall be presented as separate columns in the combining fund financial statements.
• Similarly, combining financial statements shall also be presented for each of the other fund types when there is more than one internal service fund, enterprise fund, and fiduciary fund.
• Combining financial statements shall be presented for the general fund when separate funds are maintained within the accounting system but the funds do not qualify as special revenue funds, in accordance with generally accepted accounting principles, and are merged with the general fund for financial reporting purposes.
• The auditor is not required to audit the supplementary schedule of expenditures of federal awards.
• However, the auditor is to provide an "in-relation-to" report on that schedule based on the auditing procedures applied during the audit of the financial statements.
- Contract Period/Term: 3 years