Administrative Fund External Auditing Services

The Vendor is required to provide an independent certified public accountant interested in providing external auditing services.
- The annual audit shall be made by an independent certified public accountant and shall include, but not be limited to, direct and indirect costs attributable to the use of outside consultants, independent contractors, and any other persons who are not state employees.
- Provide two annual audited financial reports, for the fiscal years ending June 30, 2025 and June 30, 2026, prepared in accordance with generally accepted accounting principles, of the financial and operational status of the Trust.
- The default contribution rate is five percent and, unless participants choose otherwise, the rate is automatically escalated by one percentage point per year to up to eight percent.
- An evaluation of systems of internal control, in accordance with generally accepted auditing standards as set forth in statements on auditing standards and published by the institution accountants. 
- The audit and examination will be conducted so that the contractor may render an opinion on the financial statements taken as a whole complying with rule of the state board of accountancy in conformity with generally accepted accounting principles, as promulgated by the governmental accounting standards board (GASB), and applicable provisions of state law.
- Contractor will confirm expenses for the fund.
- Contractor will treat all information in a confidential manner with all recommendations to be stated only in the audit reports provided to the program for appropriate release by the program as required by law.
- Report shall include a statement of the scope of the audit and examination for the program fund; the period covered by the audit and examination; and a list of the financial statements included in the report.
- Report shall include a statement of material audit findings and recommendations regarding the financial statements, internal control and accounting systems, and legality of actions for the program fund.
- Budget: $52,000

- Contract Period/Term: 2 years
- Questions/Inquires Deadline: August 22, 2025