Audit period: Fiscal years ending June 30, 2024, 2025, and 2026, plus review of the FY2027 adopted budget and revenue sustainability.
Program analysis: Reconcile funding, expenditures, and cost allocations for fixed-route, paratransit, ferry, municipal contract, and fare-free visitor services; assess service changes and cost per passenger trip.
Financial and operational review: Examine payroll, benefits, overtime, collective bargaining compliance, maintenance, administrative costs, vendor payments, purchasing, contracts, bank reconciliations, transfers, and investment activity.
Testing: Include forensic transaction testing, funding compliance, governance review, and evaluation of internal controls.
Deliverables: Audit work plan, preliminary findings, draft and final reports, supporting financial schedules and workpapers, corrective recommendations, and a final presentation.
Qualifications and pricing: Georgia-licensed CPA firm with public transportation audit experience. Provide an all-inclusive fee covering staffing, travel, testing, reporting, and presentations, with assumptions and optional services priced separately.
XL Eagle