Specifications include, but are not limited to: The West Virginia State Treasurer’s Office (STO) is soliciting bids on behalf of The Board of Trustees (the “Board”) of the West Virginia College and Jumpstart Savings Programs to establish a contract for Professional Auditing Services from a qualified Certified Public Accounting Firm to provide an independent audit of the West Virginia College and Jumpstart Savings Programs financial statements and provide a review of the Annual Comprehensive Financial Report to ensure it conforms with Government Finance Officers Association certification requirements. The College and Jumpstart Savings Administrative Account exists to implement, operate and maintain the College and Jumpstart Savings Programs. Sources of funds for this account come from fees charged to participants in the College Savings Program. In addition, transfers from the West Virginia Savings and Investment Program Fulfillment Fund of the State of West Virginia have been made to the Administrative Account to cover start-up expenses related to the Jumpstart Savings Program. Expenses of the Administrative Account cover administrative operations, such as wages and benefits, consulting services and office supplies. The Fiscal Year 2023 expense budget for the administrative account is $2.2Million.
