Specifications include, but are not limited to: The Deerfield Valley Communications Union District doing business as “DVFiber” is seeking qualified accounting firms to provide auditing services to a Communications Union District that is established under Vermont law to provide Internet and related services to customers in the District’s 24 member towns in Southern Vermont. The scope of this Request for Proposals (“RFP”) includes a) a financial audit of the District’s financial reports (“Audit”), b) a Single Audit of the District’s compliance with requirements of federally funded grant programs (“Single Audit”), and c) advisory services concerning accounting policy and procedures and their conformance with GAAP/GASB standards (“Advisory Services”). The scope of any proposal must include all three activities. DVFiber is requesting proposals to perform the following scope of work: ▪ Audit the financial statements of the results of DVFiber’s business-type activities and provide an opinion of whether the statements are materially accurate and in conformance with accounting standards for similar government entities in the United States as promulgated by the Government Accounting Standards Board (GASB). ▪ Identify the audit, reporting, and compliance requirements of federal and state grant programs that are in addition to GASB accounting standards and audit the compliance of DVFiber with these requirements. ▪ Audit the Schedule of Expenditures of Federal Awards (SEFA) and provide an opinion about whether it is presented fairly in relation to the financial statements as a whole. ▪ Issue a written report addressed to DVFiber’s Governing Board upon completion of the audit of DVFiber’s financial statements. Include in this report an opinion regarding the material accuracy of the financial statements and the results of testing of DVFiber’s compliance with the requirements of federal grants and related contracts. ▪ Provide guidance regarding successful completion of the SEFA Data collection Form SF-SAC, provide information required from the auditor to complete the form, and assist in electronic submission and certification within 30 days of completion of the audit report. ▪ Provide copies of audit documentation if and as required by regulators. ▪ Provide advice and recommendations to assist DVFiber management in performing its financial management responsibilities. ▪ Provide advisory support by telephone or online video meetings with DVFiber management and/or accounting personnel and/or advisory support in written format both with respect to accounting questions and transaction recording issues. ▪ Provide these professional services in accordance with applicable professional standards. ▪ Make reasonable and diligent effort to protect the security and confidentiality of data obtained from and communicated to DVFiber.
