Professional Auditing Services

The Vendor is required to provide professional annual auditing services at the town.
- The Town employs a part-time Finance Manager and full-time Finance Clerk. State Statute governs the operations of the Town and requires an annual audit.
- The Town’s accounting and payroll tasks are currently centralized for the most part within the Finance Department with the appropriate checks and balances between the two positions.
- Accounts receivable is decentralized over multiple departments such as Police, Fire, Wastewater, etc. 
- Grants accounting is performed by the Finance Department but grants reporting is slightly decentralized depending upon who is responsible for the project.
- The Town Treasurer is responsible for leading investment decisions, signing account payable and payroll checks and other checks and balances tasks. 
- The Tax Collection Department and Assessor Department are responsible for assessing and collecting all tax monies.
- Provide an opinion as to whether the budgetary detail, combining, and individual fund financial statements and schedules are fairly stated in all material respects in relation to the basic financial statements.
- the audit procedures, prepare an auditor’s opinion as to whether the basic financial statements present fairly, in all material respects, the financial position, changes in financial position and cash flows, where applicable, and the budgetary comparison for the General Fund in accordance with accounting principles generally accepted in the Country.
- A report on the compliance and on internal control over financial reporting based on an audit performed with Government Auditing Standards.
- A report on the compliance and internal control over compliance applicable to each major federal award program.