Auditing Services

The vendor is required to provide independent certified public accounting firms to audit its financial statements for the fiscal year ending June 30, 2026, June 30, 2027, June 30 2028 with the option by the town to audit the town’s financial statements for each of the three (3) subsequent fiscal years.
- The audit firm will render their auditors’ report on the basic financial statements which will include both government-wide financial statements and fund financial statements.
- The audit firm will render the appropriate report on compliance and on internal control over financial reporting based on an audit of the basic financial statements performed in accordance with agency.
- The audit firm will perform a single audit of the expenditures of federal financial assistance in accordance with the uniform guidance and render the appropriate reports on compliance with requirements applicable to each major program, internal control over compliance in accordance with the uniform guidance, and on the schedule of expenditures of federal awards.
- The audit firm will perform a single audit of the expenditures of state financial assistance in accordance with state general statutes §§4-230 through 4-236 and render the appropriate reports on compliance with requirements applicable to each major program, on internal control over compliance in accordance with the state single audit act, and on the schedule of expenditures of state financial assistance. 
- The state single audit report will include the appropriate schedule of expenditures of state financial assistance, footnotes, and findings and questioned costs.
- The auditor shall communicate in a letter to the board of finance any reportable conditions found during the audit.
- Provide the following statements and schedules for the auditor:
• Adjusted trial balance for all funds
• Detailed schedules of revenues and expenditures, expenses, accounts payable and receivable, and encumbrances
• Detail of balance sheet and subsidiary account activity, as requested
• Check registers for all funds
• Bank reconciliations for all accounts
• Detail of capital projects expenditures
• Analysis of accounts as requested
• Debt schedules
• Capital assets schedules
• Payroll records
• Tax collection schedules
• Schedule of compensated absences
• Latest actuarial reports
• Completed education financial system (EFS) report and supporting documents
• Standard representation letters
• Individual fund statements for all funds
• Notes to the financial statements
• Required supplementary information
• Management’s discussion and analysis
• Schedules of federal and state assistance.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: July 28, 2025