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Proposal Due date: July 2nd, 2026
Bid Opening: July 6th, 2026
Project Completion: February 1st, 2027
Town Of Washington
The government authority in Washington, Vermont is seeking proposals from qualified vendors to provide comprehensive audit services. The selected auditor will review the QuickBooks audit trail to ensure internal accounting controls are robust and effective. Key areas of evaluation include the traceability of special funds, specifically analyzing how QuickBooks features such as 'Classes' or 'Customer/Jobs' are used to segregate and track state grants, FEMA, ARPA allocations, highway funds, and capital reserves.
Additional responsibilities include auditing the process for entering and tracking the voter-approved town budget within QuickBooks, conducting deficit and surplus verifications in relation to budgetary limits, and assessing the treatment of unexpended funds according to Vermont’s unassigned fund balance rules. The final management letter is expected to include actionable recommendations for improving QuickBooks workflows, minimizing reliance on manual spreadsheets, and enhancing the quality of budget reporting provided to the Selectboard.
Analysis generated by Settle AI from the source RFP.
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