Various Auditing Services

The Vendor is required to provide external various auditing services will expire in September 2026 and does not contain any options for renewals.
- Review of state budget
•    Analysis of revenues including tuition and fees, state aid, and county aid; 
•    Trend analysis of prior and current year revenues and projections for the proposed budget; 
•    Analysis of expenses for the purpose of identifying variations from the budget; 
•    Projection of selected expenditures for the current year and the proposed budget;
•    Identification analysis of new programs and their estimated cost; 
•    Review of assumptions utilized in the preparation of the budget;
•    Identification of budget line items for all suggested modifications
- Review of the county executive’s recommended budget, capital plans, and multi-year financial plan
•    Review and provide recommendations to the legislature on the county executive’s recommended budget and capital plans; 
•    Review of any multi-year financial plans recommended by the county executive; 
•    Analyze selected revenues including departmental, state aid, and federal aid; 
•    Trend analysis of prior and current year revenues and projections for the recommended budget; 
•    Analysis of expenditures for the purpose of identifying variations from the budget; 
•    Projection of selected expenditures for the current year and the recommended budget; 
•    Identification analysis of new programs and their estimated cost; 
•    Review of assumptions utilized in the preparation of the recommended budget; 
•    Identification of budget line items for all suggested modifications
- Audit of the county’s financial statements
1. Audit and report on the county’s financial statements
•    The consultant shall perform the annual audit, evaluate, report, and attest to the accuracy and completeness of the county’s financial statements and related information as to the county’s funds and account groups as well as the county’s respective component units. 
•    The consultant shall prepare the adjustments required for the conversion of the county’s financial statements to government wide statements in accordance with board 34.
2. Management’s discussion and analysis
•    The consultant shall prepare the schedules and data included in the county’s management’s discussion and analysis (“MD&A”) and prepare the template for the narrative information included in the MD&A.
3. Schedule of expenditures of federal awards
•    The consultant shall prepare the schedule of expenditures of federal awards (SEFA) for the period covered by the county’s financial statements which must include the total federal awards expended as determined in accordance with 2 CFR 200.502.
4. Management letter
•    The consultant shall prepare the management letter of comments and recommendations.
5. Auditor’s statement of compliance and internal control
•    The consultant shall make and deliver an auditor’s statement as to whether an internal control system exists to provide reasonable assurance that all funds are managed in compliance with applicable laws and regulations. 
•    The consultant shall communicate any reportable conditions found during the audit. 
•    Reportable conditions shall be defined as significant deficiencies in design or operation of the internal control structures that could adversely affect the county’s ability to record, process, summarize, and report financial data consistent with the assertions of management in the financial statements.
6. Auditor’s statement of grant compliance
•    The consultant shall make and deliver an auditor’s statement on compliance with grant requirements.
- Federal single audit
•    In conjunction with the services rendered by the consultant pursuant to section iv(c) of these specifications, the consultant shall perform a federal single audit of the county’s expenditures of federal awards in accordance with the single audit standards commencing with the fiscal year ending December 31, 2026.