What the buyer needs
AI summaryMadison County Mass Transit District seeks a contractor to provide annual financial statement audit services for the fiscal year ending June 30. The scope includes auditing governmental activities, business-type activities, the blended component unit, and major funds, reviewing National Transit Database reporting forms, and assisting with federal and state award schedules and the Federal Audit Clearinghouse Data Collection Form. The contractor must deliver draft annual reports by October 15 each year and have an engagement Principal present audit results at board meetings. Only onshore United States organizations are eligible, and the work will be performed offsite at the vendor's premises with up to two weeks of conference room access for on-site fieldwork. Applicants must submit all questions no later than November 24, 2026. The District's FY2027 budget is $50,000 for labor and direct costs, with an additional $10,000 budgeted for optional work such as bikeway project grant audits.
Scope of work
- Auditing financial statements of governmental activities, business-type activities, blended component unit, and each major fund
- Assisting in preparing financial statements, schedule of expenditures of federal and state awards, and related notes
- Assisting in preparing the Federal Audit Clearinghouse Data Collection Form
- Auditing the schedule of revenue and expense under the Downstate Operating Assistance grant
- Auditing and reviewing any future additional reports required by federal, state, or local funding authorities
Minimum qualifications
- Onshore (USA organization Only)
- Personnel engaged in the work shall be fully qualified and authorized under federal, state and local law to perform such services
Documents to include with your response
- Solicitation, Offer and Award Form
- Bid Price Form (electronic bid table)
- Attachment A - Bidder's Technical Response
- Forms and documents listed in Volume 2 Bid Submittal Instructions
How to submit
- Method
- Electronic via Bonfire
- Instructions
- Submit forms and documents listed in Volume 2 Bid Submittal Instructions and enter pricing in the electronic Bid Price Form (Bonfire Price Schedule).