Audit and Agreed Upon Procedures Services

The vendor is required to provide of certified public accountants to audit its financial statements for the fiscal year ending June 30, 2025, with the option of auditing its financial statements for each of the 2 subsequent fiscal years.
- The auditor to express an opinion on 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.
- Required supplementary information shall include:
• Management’s discussion and analysis
• Schedule of revenues, expenditures and changes in fund balance - budget and actual
• Schedules related to defined benefit pension plans and OPEB plans, if applicable
- The town also desires the auditor to express an "in-relation-to" opinion on the supplementary financial statements and schedules based on the auditing procedures applied during the audit of the basic financial statements.
- 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.
- An audit of major programs shall be performed in accordance with the criteria outlined in office of management and budget (OMB) guidance 2 cfr part 200 - uniform administrative requirements, cost principles, and audit requirements for federal awards - subpart f – audit requirements:
• Major programs shall be determined in accordance with OMB uniform guidance
• The auditors shall express an opinion on compliance for each major program.
• The auditor is not required to audit the supplementary schedule of expenditures of federal awards. 
• 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
- Questions/Inquires Deadline: June 09, 2025