The Township of Barnegat entered into a professional services agreement with Holman Frenia Allison, P.C. (HFA) to perform the 2023 financial‑statement audit and related single‑audit compliance testing for the municipality. The agreement also includes a suite of non‑attest services such as preparation of unaudited financial statements, debt statements, basic compilations, and assistance with the 2024 budget. Compensation is primarily a fixed fee for the core audit, with additional fixed fees for each non‑attest service and hourly rates for any extra work. The contract is a sole‑source appointment effective 5 Jan 2023 and remains in force until the audit is completed and filed in 2024.
• Core audit of 2023 financial statements – $58,795 fixed fee.
• Non‑attest services (unaudited statements, budget prep, debt statement) – $16,500 total fixed fees.
• Monthly invoicing; vendor must retain documentation for 5 years and submit a data‑collection package within 30 days of receipt or nine months after audit period end.