Specifications include, but are not limited to: • Evaluate the existing financial records of the Alaska Clean Water Fund and Alaska Drinking Water Fund for completeness and accuracy. Currently, there are 301 loan/project record files in the ACWF program portfolio. In addition, there are 285 loan/project record files in the ADWF program portfolio. Bidders should recognize that new loans may be executed before the release of this RFP. Each file has payment and/or disbursement records, and those loans in repayment status have a repayment schedule. Currently, 126 ACWF loans are in repayment status, and 153 ADWF loans are in repayment status. • Verify the reported total disbursements to communities and principal and interest repayments received during the past state fiscal year (SFY23). Currently, the state uses software to compute the aggregate amounts of funds disbursed and received and the principal and interest amounts. These amounts need to be verified. In conjunction with the state’s software, the loan commitments executed, subsequent disbursements made, and repayments received are also accounted for and reported in the state’s standard accounting system. The software and the accounting system are reconciled monthly. A fiscal year reconciliation between the program’s databases and the state’s accounting system must be completed by the contractor auditors. • Verify the total investment earnings and interest accrued within the ACWF and ADWF. The Alaska Department of Revenue invests repayments and other monies in the fund, and the earnings are reported in the state’s accounting system. With the help of state personnel, the contractor will verify and report on these amounts as reported in the state’s accounting system. • Verify the total administrative and indirect costs charged to the ACWF and ADWF. With the help of state personnel, the contractor will verify and report on these amounts as reported in the state’s accounting system. • Compose financial statements that give a current status and provide an opinion of the program, a report on the internal control, and a report on compliance with Title VI of the federal Clean Water Act and general grant requirements of the capitalization grants from the Environmental Protection Agency for the ACWF. • Financial statements must be composed that gives a current status and provide an opinion of the program, a report on the internal control, and a report on compliance with Section 1452 of the Safe Drinking Water Act amendments of 1996 and the general grant requirements of the capitalization grants from Environmental Protection Agency for the ADWF. • Previous audits have composed several financial statements to meet various state and federal requirements. These have been exhibited as a Statement of Net Assets, a Statement of Activities, and a Statement of Cash Flows. These previous audit reports and financial statements will be available for reference.
