Financial Auditing Services

2026-11-03

The Greater New Haven Transit District ( GNHTD or “ the District ”), is seeking Proposals from qualified professionals for Financial Auditing Services . The Contractor must be a person or firm that regularly performs these services as outlined herein and must have the necessary capabilities , equipment , personnel , training , and experience to successfully perform this contract . 1 . Goals & Objectives The District is seeking qualifications and proposals from a professional firm or firms to conduct the comprehensive single audit of the District ’ s financial operations for various fiscal years . 2 . Statement of Work The District is seeking Proposals from a professional firm or firms with certified public accountants to conduct the comprehensive single audit of the District ’ s financial operations for the fiscal years 2026 , 2027 , 2028 , 2029 and 2030 . These audits are to be performed in accordance with the provisions contained in this request for proposals . To meet the requirements of this request for proposals , the audit shall be performed in accordance with generally accepted auditing standards as set forth by the American Institute of Certified Public Accountants , the standards for financial audits set forth in the U . S . Comptroller General ' s Government Auditing Standards , the provisions of the Single Audit Act of 1984 , as amended in 1996 , the provisions of U . S . Office of Management and Budget ( OMB ) Circular A133 , Audits of State and Local Governments and Non - Profit Organizations , and in conjunction and conformity with the State of Connecticut Single Audit Act . The proposed audit will be conducted in accordance with Government Auditing Standards for financial and compliance audits and covers the entire operations of the District for each fiscal year . The audit is intended to result in the expression of an opinion of the District ’ s general purpose combined financial statements of the various funds , including the accompanying notes to the financial statements , prepared in accordance with Generally Accepted Accounting Principles ( GAAP ). In addition , the audit shall result in an auditor ’ s : • Report on Internal Controls • Schedule of Expenditures of Federal Awards • Schedule of prior audit findings , with corrective action plan • Data collection form ( Part 1 ) 3 . Project Information A . District Contact The auditor ’ s principal contact with the District will be Glen McGough , Chief Administrative Officer , who will coordinate the assistance to be provided by the District to the auditor . B . Current Environment B - 1 . General Resource space will be provided in close proximity to the financial records . Telephones , facsimile machines and a copier will be made available to the auditor during the engagement . The auditor will be required to provide a method for collecting material to be submitted by the District . The auditor will also be required to have a method for secure delivery ( electronic or physical ) of all materials from the District . The auditor will be required to provide any other equipment and other office materials that it may require . B - 2 . Financial System The District ’ s Finance Department is responsible for : • Designing and installing uniform accounting systems for the District • Maintaining the District ’ s general ledger • Establishing controls over financial record - keeping • Ensuring compliance with accounting policy and practice , and • Producing the District ’ s annual financial report . B - 3 . Software The District currently maintains its accounting records on a Sage 100 Advanced PVX 2024 ( Version 7 . 30 . 1 . 0 ) 32 bit . The District operates on a Windows platform , local area network . C . Account Structure The District uses a structure that complies with GAAP . For internal accounting and control purposes , the District tracks expenditures and revenues by source of funding . The major sources are Operating and Capital Grants . D . Cognizant Federal / State Agencies The United States Department of Transportation ’ s Federal Transportation Administration and the State of Connecticut ’ s Department of Transportation are the cognizant federal and state agencies , respectively . 4 . General Responsibilities of Contractor A . Scope of Services The District desires the auditor to express an opinion on the fair presentation of its basic financial statements . Each fiscal year ending June 30 , 2026 , 2027 , 2028 , 2029 , and 2030 respectively , shall be audited separately in accordance with the provisions of the Office of Management and Budget Circular A - 133 . A - 1 . Financial Statements : The auditor is responsible for the preparation , printing and assembly of all financial statements and schedules . The auditor will also assist in the preparation of the letter of transmittal to the required recipients . A - 2 . Funds Structure The Greater New Haven Transit District uses the following fund types , all under general ledger control , and account groups in its financial reporting : • Operating Funds • Capital Projects Funds • Agency Funds • General fixed assets account group

Connecticut

2026-03-27