The selected firm will supplement the in-house Finance Director/Treasurer. These services are not intended to replace in-house leadership. Services may include, but are not limited to: Year-End Audit Support: Provide assistance with preparation of year-end workpapers, implementation of new GASB pronouncements, year-end adjusting entries, preparation of MD&A and required schedules, and coordination with the external auditors. Please quote entire audit assistance, including grant portion, as one project. Grant Accounting Support: Assist in tracking grant revenues and receivables; provide reporting for GATA; prepare Schedule of Expenditures of Federal Awards (SEFA) as needed. Compliance Support: Assist with review of the draft Annual Comprehensive Financial Report (ACFR) and/or AFR prepared by the Village’s auditors, review draft audit reports for accuracy and completeness, TIF reporting, and supporting the Village in fulfilling all required state and local compliance filings. If needed, the Village may also request assistance with the separate Comptroller Annual Financial Report in the event of a change in auditors. Please quote separately – or please inform if part of overall audit package. Capital Assets: Support the Finance Department in the annual and/or quarterly recording of capital assets, ensuring inclusion of all relevant costs (e.g., contractor invoices, engineering, and related project expenses), proper treatment of traded-in equipment, and record depreciation. Please quote hourly rate. Cash and Bank Reconciliation: Support ongoing reconciliation of cash accounts and resolution of discrepancies. Please quote hourly rate.
