Conduct an annual audit of financial transactions and accounts kept by or for the Fort Thomas Unified School District #7 (District) for the fiscal year FY 23-24 and to complete the current Uniform Systems of Financial Records (USFR) Compliance Questionnaire https://www.azauditor.gov/usfr-compliance-questionnaire . The District reserves the right to suspend the provisions of the contract for any year in which the District expends less than the qualifying amount of federal awards set forth in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). In addition, the selected audit firm shall audit the statement of net assets for employee benefits and the related changes in net assets available for benefits, benefit obligations and changes in benefit obligations as well as the following related supplemental schedules.