The auditor shall provide the following services and reports: • Audited Financial Statements for the District consistent with the prior year. • Supplementary schedules consistent with prior year report. • Annual Financial Report (Form ISBE 50-35) for the District is to be prepared for submission to the Illinois State Board of Education. The report shall be filed prior to the October 15 statutory deadline or by November 15 with the exception of Extension Approvals. • Annual Federal Financial Compliance Section Report (Single Audit) for the District consistent with prior year’s report. • Data Collection Form (SF-SAC) consistent with prior year’s report. • Management letter for the District. The Management Letter is to be addressed to the Board of Education. • All additional reports, as may be required to be submitted, to the Illinois State Board of Education and any other regulatory agencies under the Single Audit Act. • A report detailing the reconciliation of accrual to cash (if accrual basis proposal is selected). • Assist District staff with the preparation of the other financial information schedules in the Audited Financial Statements. • Consult with District staff as requested for preparation of the MD&A. • The audit firm will be available from time to time to answer questions as they arise.
