The Vendor is required to provide public accounting firms (also referred to as “consultant” or “proposer” herein) to provide their expertise and experience in financial auditing services for the district’s upcoming three fiscal years ending in June 2026 through June 2028, with the option of auditing the district’s financial statements for additional three fiscal years.
- These audits are to be performed in accordance with the provisions contained.
- The District shall be informed of new developments affecting special district accounting and reporting as well as any other relevant issues.
- The district frequently requests professional advice on accounting matters throughout the fiscal year, and such advice should not be construed as consulting services, nor will compensation for such advice be contemplated unless explicitly negotiated by the district of its agents.
- Financial Audit – Examine the basic financial statements, notes to the financial statements, and required supplemental information, if applicable.
- The auditor will evaluate the adequacy of the internal control system and where weaknesses are noted, make appropriate recommendations for improvements.
- The auditor will prepare a report on compliance and internal control over financial reporting based on an audit of the financial statements.
- Non-reportable conditions discovered by the auditors shall be reported in a separate letter to the management (the “Management Letter”) which shall be referred to in the reports on compliance and internal controls.
- Irregularities and illegal acts: Auditors shall be required to make an immediate, written report of all irregularities and illegal acts or indications of illegal acts of which they become aware to the General Manager and the Treasurer.
- A reportable condition shall be defined as a significant deficiency in the design or operation of the internal control structure, which could adversely affect the organization’s ability to record, process, summarize and report financial data consistent with the assertions of management in the financial statements.
- The auditor will file the Special District’s Financial Transaction Report to the State Controller no later than the date prescribed by law.
- The auditor will provide general consultation and training to district staff, during the year, on accounting, reporting and best practices in internal accounting control; and assist district staff on implementing any new board pronouncements, and assistance in preparing the journal entries for board statements.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: January 20, 2026
