Independent Financial Auditing Services

The Vendor is required to provide certified public accounting firms to perform annual financial auditing services in accordance with generally accepted auditing standards and Government Auditing Standards for the fiscal year of April 1, 2025 – March 31, 2026.
- Prepare a Comprehensive Annual Financial Report (CAFR); instead, the engagement will cover the preparation and audit of a set of audited financial statements, to include all required notes and schedules.
- Services include:
1. Annual Audit of Financial Statements
•    Conduct an independent audit in accordance with GAAS and Government Auditing Standards.
•    Prepare audited financial statements along with required notes and schedules.
•    Issue an opinion on the fair presentation of the Utility’s financial statements.
2. Single Audit
•    Perform the audit in compliance with the Uniform Guidance (2 CFR Part 200, Subpart F).
•    Prepare and submit all required reports, including the schedule of expenditures of federal awards (SEFA) and findings, as applicable.
3. Reporting
•    Provide a management letter with recommendations for improvements in internal controls, policies, and procedures.
•    Present audit findings to the utility’s board.
4. Assistance with Regulatory Filings
•    Provide any required schedules or auditor’s reports for federal and state regulatory agencies.

- Contract Period/Term: 3 years