External Audit Services

The vendor is required to provide a three-year base period and 2-one year option periods for the performance of external auditing services
1. Agency financial statement audit
• The auditor is required to express an opinion on the fair presentation of the basic financial statements in conformity with generally accepted accounting principles (GAAP) for the fiscal year ended September 30.
• The auditor shall perform certain limited procedures involving required supplementary information required by board as mandated by generally accepted auditing standards (GAAS).
• The auditor is not required to audit the following:
o Introductory section
o Statistical section of the report.
o Combining and individual fund financial statements and supporting schedules
2. Agency single audit
• The auditor is required to issue a report on internal control over financial reporting and express an opinion on the fair presentation of the schedule of expenditures of federal awards (SEFA) in relation to the audited financial statements as a whole, based on an audit of the financial statements.
• In the required reports on compliance and internal controls, the auditor shall communicate any reportable conditions found during the audit, including significant deficiencies in the design or operation of the internal control structure and material weaknesses.
• The auditor shall be reported in a separate letter to management.
3. Star-Tran pension audit
• The auditor is required to express an opinion on the fair presentation of the financial statements of the retirement plan for bargaining unit employees of star-Tran, inc. for the calendar year ended December 31.
4. Administrative pension audit
• The auditor is required to express an opinion on the fair presentation of the financial statements of the retirement plan for administrative employees for the calendar year ended December 31.
5. 401k plan audit
• The auditor is required to express an opinion on the fair presentation of the financial statements of the retirement and savings (401(k) plan) for the calendar year ended December 31.
6. National transit database (NTD) report agreed-upon procedures
• The auditor is required to perform agreed-upon procedures to assess whether the information reported to the federal transit administration (FTA) is presented in conformity with NTD requirements for the fiscal year ended September 30.
6. PFIA compliance audit
• The auditor is required to perform a biennial compliance audit of management controls on investments and adherence to agency established investment policies and the public funds investment act (PFIA) for the preceding two fiscal years ended September 30.
- Contract Period/Term: 3 years
- Pre-proposal Conference Date: June 09, 2025
- Questions/Inquires Deadline: June 16, 2025