Specifications include, but are not limited to: Missoula County is requesting proposals from qualified certified public accounting firms for annual audits of its financial statements for the three fiscal years ending June 30, 2022, June 30, 2023, and June 30, 2024m June 30, 2025, June 30, 2026 with a renewal option for the two subsequent fiscal years. Missoula County prepares its annually adopted budget primarily on the cash basis. Revenues (except for property taxes) are budgeted in the year they are anticipated to be collected. The County includes in its budget the full amount of property taxes levied for the year. This approximates the cash basis because delinquencies of current year taxes are generally offset by collection of prior years’ delinquencies. Expenditures are budgeted in the year they are expected to be paid. In some years, the County includes encumbrances in its budget to represent commitments to expend funds under current appropriations. All appropriations lapse at the end of a fiscal year except for amounts encumbered.
