Audit Services

The Vendor is required to provide audit services for district.
- The accounting policies of the District conform to generally accepted accounting principles (GAAP) as adopted by the Government Accounting Standards Board (GASB) or Financial Accounting Standards Board (FASB), as applicable.
- The government-wide, proprietary, and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting.
- Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place. 
- Property taxes are recognized as revenue in the year for which they are levied.
- Governmental funds are reported using the current financial resources measurement focus and the modified accrual basis of accounting.
- General capital asset acquisitions are reported as expenditures in governmental funds.
- Proceeds of general long-term debt and acquisitions under capital leases are reported as other financing sources.
- Budgetary control over expenditures is exercised at the fund level.
- Encumbrance accounting, under which purchase orders, contracts, and other commitments to expend monies are recorded to reserve that portion of the applicable fund balance, is not employed by the District during the year.
- Provides comprehensive accounting procedures for accounting records, cash, supplies inventory, property control, revenues, expenditures, payroll, travel, and state and federal financial assistance.
- The audit firm must submit one copy of the audit reporting package and data collection form to the federal audit clearinghouse and provide one copy of the audit reporting package to other pass-through entities when the schedule of findings and questioned costs discloses audit findings related to federal awards that the pass-through entities provided or the summary schedule of prior audit findings reports on the status of prior findings related to federal awards that the pass-through entities provided.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: September 07, 2025