Financial Auditing

The Town of Fountain Hills is seeking proposals from qualified firms to provide financial auditing services. The selected vendor will be responsible for preparing the Town's annual comprehensive financial report, auditing the Town's basic financial statements, and examining the Town's compliance with highway user revenue fund monies and other dedicated state transportation revenues. The vendor will also be required to provide intermittent requests from the Town's Finance Department for information relevant to technical accounting issues and other significant issues that may affect the Town's financial statements. • The Town's annual budget is $53.4 million, with a capital budget of $12.7 million. • The Town relies mostly on its Transaction Privilege Tax (Sales Tax) and State Shared Revenue collections to fund nearly 90% of its General Fund (Operating) expenditures. • The selected vendor will be required to deliver draft copies of the ACFR, AELR, SEFA, and audit/examination reports on or before October 31st of each year. • The vendor will also be required to present the audit results and any findings to the Town Council in a regular meeting within 90 days after completing the audit.