The vendor is required to provide accounting requirements during fiscal year 2026.
1. Financial reporting
• Provide assistance in preparing high level financial reports in accordance with generally accepted accounting principles (GAAP) which may include:
o Annual comprehensive financial report financial statements
o Departmental financial statements
o Notes to the financial statements
2. Schedule preparation
• Provide assistance in preparing accounting schedules used to prepare the annual comprehensive financial report and/or departmental financial statements.
• Services may include providing assistance in preparing the following:
o Departmental information - which may include, cash held outside the state treasury, investments held outside the state treasury, office supplies, prepaid expenses, vouchers payable, accrued payroll, other accrued liabilities, revenue bonds payable, lease commitment footnote disclosure, accrued vacation and sick leave.
o Fixed asset and accumulated depreciation - which may include fixed asset and roll forward summary and details including beginning balances, additions, disposals, change increases and decreases, transfers in/out, construction-in- progress (CIP) analyses.
o Post-closing entries and supporting schedules - which may include adjusting and reclassifying entries required for fair presentation of the budgetary control financial statements, entries that need to be booked in order to convert budgetary control financial statements to modified accrual and full accrual
o Other schedules required for preparation of the annual comprehensive financial report.