What the buyer needs
AI summaryThe Township of Medford seeks a Township Auditor to audit all Township accounts and financial transactions for Fiscal Year 2026. The auditor will sample and test accounting procedures and fiscal controls, recommend financial management improvements, assess fraud detection, and prepare the Annual Audit and any required Single Audit. The contractor will also assist in preparing the Annual Financial Statement and Municipal Budget, and provide review or feedback on debt statements and funding ordinances as requested. Work will be performed offsite, and professional fees must be comparable to rates charged by auditing firms for similarly sized municipalities in Burlington County. Eligible applicants are USA organizations whose primary assigned auditor is a Registered Municipal Accountant with at least ten years of experience auditing New Jersey municipal governments of similar or greater size and complexity. Interested firms must submit Qualification Statements and Proposals, including the General Requirements for All Professional Appointments form, through the fair and open process under N.J.S.A. 19:44A-20.4.
Scope of work
- Audit all accounts and financial transactions for the Township for Fiscal Year 2026.
- Sample and test accounting procedures and financial records to express an unqualified opinion.
- Recommend improvements to financial management practices and test documentary evidence.
- Advise on appropriate accounting principles and their application in financial statement preparation.
- Assist in the preparation of the Township's Annual Financial Statement.
- Prepare the Township's Annual Audit and if required, a Single Audit.
- Assist with the preparation of Municipal Budget as requested.
- Provide review or feedback to the MCFO on Annual Debt Statement, Supplemental Debt Statement, and funding ordinances.
Minimum qualifications
- Primary auditor must have a minimum of ten (10) years experience performing audits of municipal governments in New Jersey.
- Primary auditor assigned to perform work on behalf of the Township of Medford must be a Registered Municipal Accountant.
- Knowledge of generally accepted accounting standards, generally accepted governmental auditing standards, and OMB circular requirements.
- Knowledge of NJ Local Budget Law, NJ Local Fiscal Affairs Law, and NJ Department of Community Affairs rules.
- Knowledge of governmental accounting principles for proprietary, capital project, grant, fiduciary, inter-governmental, and special revenue funds.
Documents to include with your response
- General Requirements for All Professional Appointments form
- Combined Request for Qualifications and Request for Proposals form
- Signed proposed professional services agreement with Medford Township