Single Auditing Services

The Vendor is required to provide single auditing services to secure a qualified certified public accountant (CPA) or accounting firm to conduct a comprehensive historical cleanup of our books, reconcile our banking and ledger accounts, and establish a foundation for accurate financial reporting in preparation for the filing of our AFR.
- CPA for include:
• Review 2022 and 2023 adjusting journal entries to ensure accuracy, and make any necessary adjustments.
• Officially close out 2023 fiscal year
• Bank and account reconciliation: perform complete bank reconciliations for all bank accounts. Identify all outstanding checks, deposits in transit, and unrecorded fees.
• Identify, correct, and reclassify miscategorized expenses, duplicate entries, and missing transactions.
• Perform any necessary adjustments to bank and book balances.
• General ledger (GL) reconciliation: reconcile all primary balance sheet accounts (including accounts payable, accounts receivable, and payroll liabilities) against independent source documents to verify a complete and accurate trial balance.
• Review capital projects to establish appropriate records.
• Close out old capital project records and address recommendations from the city’s 2021 capital project audit and 2025 capital project audit follow up.
• Ensure that balance sheets are accurate and supported and make any necessary entries to correct.
• Assist in creating a balance sheet report to present to the common council.
• Assist with training to ensure the system can be continued upon completion.