Town of Essex

Buyer is seeking a qualified CPA firm to audit financial statements for fiscal years ending June 30, 2025, 2026, and 2027, with possible extension for 2028 and 2029. The audit must cover governmental activities, business-type activities including Water & Sewer and Recreation Programs funds, Cemetery Fund, and aggregate remaining fund information. Buyer operates with a Selectboard/Town Manager form of government with enterprise funds for water distribution, sewer treatment, and recreation programs. The town has 75 full-time and approximately 130 part-time and seasonal employees.

• 4/16/2025 - Indication of interest deadline
• 4/16/2025 - Questions submission deadline
• 4/18/2025 - Responses to questions provided
• 5/2/2025 - Proposal Due Date
• 5/14/2025 - Contract award (estimated)

• Experience with governmental entities of similar size in Vermont
• Qualified staff with appropriate certifications
• Current peer review documentation

• Audit financial statements in accordance with GAAP and Government Auditing Standards
• Convert financial statements to full accrual basis to conform to GASB requirements
• Prepare Statement of Net Position and Statement of Activities
• Prepare Statement of Cash Flows for proprietary funds
• Complete pension plan footnote for financial statements
• Provide 10 bound copies plus electronic PDF of final audit report
• Present audit findings to Selectboard in January/February
• Perform audit primarily between October and November
• Furnish preliminary draft audit report by December 1st
• Ensure proper disclosure in financial statements and related notes