Audit Services

The vendor is required to provide for auditing services for the fiscal year ending 2025.
• Draft and issue a comprehensive financial and compliance audit for the fiscal year ending 2025 which shall include:
o A complete audit of all federal, state and other awards of financial assistance received by the housing authority in accordance with country office of management and budget (OMB) circular a-133 and the a-133 compliance supplement or its successor pursuant to the single audit act of 1984;
o An evaluation of authority internal financial controls over cash receipts, disbursements, fixed assets and payroll cycles as they relate to authorization, completeness, accuracy, substantiation of balances and access to assets; and
o A review of operational efficiency and effectiveness including any recommendations for improvement;
• Compare financial statements between the prior and current fiscal years and implement any recommendations for the current fiscal year;
• Assist in all development real estate assessment center (REAC) reporting including certification of all required electronic reporting requirements in strict compliance with reporting deadlines;
• Provide continuing professional education of staff regarding audit-related activities and bookkeeping;
• Conduct audit entrance and exit conferences with the executive director and housing authority staff to discuss audit approach and any subsequent findings and recommendations; and
• Appear before the housing authority board of commissioners at the conclusion of the audit and present the audited financial statements and audit report to the board and the general public.
- Contract Period/Term: 3 years