Independent Auditing Services- Road Bond Expenditures and Compliance

Smith County is seeking an independent auditor to conduct an audit of road bond expenditures to determine whether bond proceeds were used for voter-authorized and legally permissible purposes. The audit will cover bond activity from the bond issuance date through September 30, 2025, and will include a review of expenditures, encumbrances, and remaining balances during the audit period. The auditor will be required to provide a written audit report detailing findings, conclusions, and recommendations, as well as an executive summary suitable for public release and governing-body presentation. • The audit will be conducted in accordance with Generally Accepted Government Auditing Standards (GAGAS) and applicable state and local laws and regulations. • The auditor will review voter authorization language, bond ordinances/resolutions, and official statements to identify allowable and prohibited uses of bond proceeds. • The auditor will verify expenditures are directly related to authorized road and infrastructure projects and identify the amount spent per road. • The auditor will review eligibility of costs, including construction, engineering, land acquisition, and soft costs.