Annual Financial Audit Services

The vendor required to provide annual financial audit services for fiscal year 2024/2025.
- The financial statement audit is to determine whether (1) the financial statements present fairly the financial position, results of operations, and cash flows or changes in financial positions in accordance with generally accepted accounting principles, and (2) whether the district has complied with laws and regulations for those transactions and events that may have a material effect on the financial statements. 
- The financial related audit will also include determining whether (1) financial reports and related items are fairly presented, (2) financial information is presented in accordance with established or stated criteria, and (3) the school district has adhered to specific financial compliance requirements.
- The audit of the financial statements, transactions and records pertaining to federal programs will be tested for material compliance with federal laws, rules, and regulations and all instances of noncompliance will be reported to the school district.
- Other requirements
•    The accounting firm should provide a comprehensive annual financial report in a form acceptable to the tea and within the time frame stipulated in the tec, §44.008(d), of 150 days subsequent to the close of the fiscal year for which the audit was made.
•    The finance committee would expect to meet with the auditor(s) at least annually. 
•    The meeting would be called by the chairman of the finance committee.
•    Due to limited staff, the district can provide partially completed financial statements and supporting schedules for auditor review at the close of the fiscal year.
•    The district intends to sell bonds from time to time, which may require the audited financial statements and auditors’ opinion to be printed in total or as a part of the section of or addendum to the official statement for bond issues.
•    The interested accounting firm include a detailed description of each step in the audit approach that will be taken in the audit engagement including estimated hours for each.
•    This engagement will be expected to review the detailed audit work plan and schedule with the director of finance prior to commencing the audit assignment each year.
•    Auditors must have the capability to perform their work remotely with secure access to the ERP system in order to retrieve all necessary data. 
•    The selected audited firm shall be granted secure remote access to ERP system to obtain all required data for the audit process.
- Budget: $569,707,106

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: January 8, 2026