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RFP 2021-03 - Audit Services - Official Website of the Town of Windermere, Florida

RFP 2021-03 – Audit Services

RFP 2021-03 – Audit Services

RESPONSES ARE DUE BY JULY 16, 2021 5:00 PM

MAIL OR DELIVER RESPONSES TO:
ATT: Robert Smith, Town Manager
614 Main St.
Windermere, FL 34786

HAND DELIVER (MONDAY – FRIDAY 9AM – 3:30PM):
501 Forest St.
Windermere, FL 34786

CONTACT:
Robert Smith, Town Manager
614 Main St.
Windermere, FL 34786
Phone: (407) 876-6480, Fax (407) 876-0103
Email: rsmith@town.windermere.fl.us

Q&A

Q1. Please provide us with a copy of all audit adjustments for FYE 9/30/20 and 9/30/2019

A. Please contact Finance Director, Nora White, via email for these records.
nwhite@town.windermere.fl.us

Q2. From a financial standpoint, what are the Town’s top three financial priorities?

A. 1.  Preserving the level of service
2. Maintaining and enhancing the quality of life for residents (water, stormwater, roads)
3. Maintaining the Town’s financial viability 

Q3. Has anything significant happened in the current year, which is different from prior years? Is something significant expected and/or budgeted to occur in the current year, or soon thereafter, which a potential auditor should be aware of?

A. No

Q4. What has been exhibited by the current auditors that the Town values the most? The least?

A. Quality and timeliness of work

Q5. What were the fees paid for the fiscal year ending 9/30/2018, 9/30/2019, 9/30/2020 audits? Please provide the amounts incurred for the basic audit, single audit, and other amounts paid to the McDirmit-Davis. In addition, please provide the audit and any other engagement letters/contracts as well for these years.

A. $17,500.00 for years 2018-2020.
View CAFRs here
View engagement letters here

Q6. How long has McDirmit-Davis been the Town’s auditors?

A. 20+ years

Q7. In regard to GASB 87 Leases:
a. When does the Town plan to implement this new standard?
b.
Does the Town have operating leases as the lessee, which will be recorded?
c.
Does the Town have operating leases as a lessor (for example for rental income received for land owned), which will be recorded?

A. The Town does not lease property; a. does not apply, b. does not apply, c. none.

Q8. When and for how long has interim fieldwork typically occurred?

A. Unknown

Q9. When and for how long has final fieldwork typically occurred?

A. 4 days on-site; 3rd week of October

Q10. Does the Town anticipate a Federal (Uniform Guidance) or Florida Single Audit will be required?

A. No 

Q11. Is the auditor required to draft the financial statements and notes?

A. Yes  

Q12. Does the Town maintain the depreciation schedule for capital assets or has the auditor?

A. The auditor

Q13. When will the construction be complete on the new administrative facility? 

A. February 2022