Independent Audit Services

The Vendor is required to provide firms of Certified Public Accountants to audit its basic financial statements for the fiscal years ending June 30, 2026, 2027 and 2028.
- The auditor shall prepare the Town’s financial statements, including the reclassification of the water department from the general fund to an enterprise fund for reporting purposes only.
- Department currently use Softrite accounting software for accounting and budgeting, vadar for water and sewer billing, and outsources payroll to harper’s.
- The Town is in the process of implementing Munis ERP software for Human Resources, Payroll, Accounting, Budgeting, and Billing and Collection.
- An audit of the financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund and the aggregate remaining information of the Town as of, and for the years ended June 30, 2026, 2027 and 2028, and the related notes to the financial statements (collectively, the Town’s basic financial statements).
- Provide an audit opinion on the fair presentation of the financial statements of the governmental activities, the business-type activity, the fiduciary funds, each major fund, and the aggregate remaining fund information, including the related notes to the financial statements of the Town in conformity with accounting principles generally accepted in the country.
- Perform limited procedures to the required supplementary information and management’s discussion and analysis.
- Limited procedures should be in accordance with auditing standards generally accepted in the country, and at the least, consist of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to inquiries, the basic financial statements, and other knowledge obtained during the audit of the basic financial statements.
- Management will provide Introductory and Statistical Sections that are to be included in the preparation of the ACFR, but do not get audited.
- Prepare a draft management letter and review with the Director of Finance, the Town Manager, and the Town Accountant.
- File the Single Audit Report with the Federal Clearinghouse by March 31 of the year following the fiscal year (i.e. the Single Audit Report for June 30, 2026, must be filed with the Federal Clearinghouse by March 31, 2027).

- Contract Period/Term: 3 years