Specifications include, but are not limited to: 1. Annual financial and single audit of the financial statements of Treasure Valley Community College. 2. AU260 governance letter for Treasure Valley Community College. 3. Filing the required information with the Federal Clearinghouse regarding the single audit for Treasure Valley Community College. 4. Annual audit of the financial statements of the Treasure Valley Community College Foundation. 5. AU260 governance letter for the Foundation. 6. Form 990 federal return of organizations exempt from income tax for the Foundation. 7. Oregon Form CT-12 annual report for the Foundation. 8. Form 990T Exempt Organization Business Income Tax Return(s), if applicable. 9. A principal of the auditing firm will be required to present the audit report to the audit committee at a meeting to be scheduled prior to the presentation to the full College Board of Education. 10. A principal of the auditing firm will be required to present the audit report to the full board at a regularly scheduled meeting as soon as practical after the audits have been completed. 11. A principal of the auditing firm will meet with the audit committee at least one other time during the year to discuss audit planning as well as to apprise the committee and staff of any developments that will affect future audits. 12. A principal of the auditing firm will meet with the foundation board at a regularly scheduled meeting as soon as practical after the Foundation audit has been completed. 13. The final audited financial statements of the College and its component unit (the Foundation) shall be delivered to management no later than December 15th each year. 14. The auditor shall be available to answer questions on fiscal matters that may arise during the course of the fiscal year.
