Princeton Independent School District Ionwave #26-001 Addendum 1

Princeton ISD Solicits Annual Financial Audit Services for FY 2026

Princeton Independent School District (ISD) is seeking qualified public accounting firms to provide annual financial audit services for the fiscal year ending August 31, 2026. - Government Buyer: - Princeton Independent School District (ISD) - Finance Department, 804 Mabel Ave, Princeton, TX - Services Requested: - Annual financial audit covering financial statements (GASB Statement No. 34, FASRG) - Compliance testing for federal programs and compensatory education funds - Internal control evaluation - Preparation of Annual Financial Report (AFR), management letters, and presentations to the Board of Trustees - Interim and final fieldwork, historically involving 3 auditors over 6 days - Unique/Notable Requirements: - Audit team may be hybrid (remote/on-site) or fully on-site - District anticipates bond issuances in current and following fiscal years - No significant audit findings in prior years; stable staff - Contract may be extended up to four additional years (through 2030) - District serves ~11,500 students across 15 campuses with a $133M General Fund budget - OEMs and Vendors: - No specific OEMs or vendors named; open to qualified public accounting firms - Estimated Contract Value: - Prior audit fees ranged from $39,000 to $55,500 annually - Place of Performance: - Princeton ISD, Princeton, Texas - Finance Department, 804 Mabel Ave, Princeton, TX 75407

Description

Princeton Independent School District is soliciting qualifications for annual financial audit services. The scope includes conducting the annual financial audit for the fiscal year ending August 31, 2025, with the audit firm historically preparing the Annual Financial Report (AFR). The district is open to hybrid or on-site audit teams and expects the audit to cover interim and final fieldwork. The district has no significant changes in key staff affecting the audit and has not had audit findings in the prior year. The solicitation includes requirements for various certifications and forms to be submitted by vendors.

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