Parker Water is seeking an auditor for a 5-Year term covering the 12/31/2023 through 12/31/2027 financial statement audit. A one-year contract, renewable for up to four additional years, is contemplated, subject to annual review and recommendation of the Audit Committee, the satisfactory negotiation of terms (including a price acceptable to the District and the firm), the concurrence of the Board, and the annual availability of an appropriation. The District's financial statements are prepared in accordance with GASB and its current auditor bases is principals and opinions on GAAS. The District may request its auditor to utilize the auditor’s firms software with the District provided 1) trial balance and 2) GL detail of all account transactions to produce the published financial statements. Additionally, the District may prefer to prepare a ACAFR, at a later date, in lieu of the auditors prepared financial statements. The District will prepare the MD&A as well as the required supplemental financial, Mil Levy, and other demographic schedules required by existing and future continuing disclosures in connection with the District’s credit, loan, or debt facilities.
A copy of the most recently prepared financial package for the year ended 12/31/22 can be found at: http://parkerwater.org/DocumentCenter/View/3773/December-31-2022-Financial-Statements-PDF
The following information is provided in efforts to effectively price the cost of the annual audit:
- Operating Revenues: $39M
- Non Operating Revenues: $13M
- Capital Contributions: $44M
- Assets Net of Accumulated Depreciation: $1B
- Outstanding Debt: $268M across 11 issuances and or contracts
- Federal Stimulus, COVID, or other grants accepted: none or does not meet “single audit requirements”
- Pension Liabilities or Pension Financial Statements: none
- Note PWSD is not subjected to income taxes, use taxes, transfer pricing taxes, nor has a provision for income taxes within its financial statements.
- Customer Accounts: 19,533
- Number of uniquely numbered journal entries: 15,000+. While some journal entries contain more than two transactions the total number of GL transactions (debit and credit entries) are expected to reach 90,000+ annually.
- Based on the District's current reporting requirements and financial statement users the ideal bidding firm would be of a local or regional size.
Statewide