Massachusetts COMMBUYS #BD-23-2107-FLR01-FLR01-134236

Independent agreed-upon procedures review of school district financial operations

The Freetown-Lakeville Regional School District is seeking an independent accounting firm to review selected financial operations and report factual findings. - Government buyer: Freetown-Lakeville Regional School District, Office of the Superintendent of Schools. - OEMs and vendors: No OEMs, accounting firms, or other vendors are named in the solicitation; firms are invited to propose. - Requested service: One agreed-upon procedures engagement covering the District’s financial operations over a three-fiscal-year period. This is not a financial statement audit and must not express an audit opinion. - Review scope: Internal controls and compliance for cash receipts and deposits, cash disbursements, payroll, journal entries, budget development and approval, budget transfers, Excess and Deficiency fund use, and contract awards or executions of $10,000 or more. The firm will also review municipal assessment calculations billed to Freetown and Lakeville, significant or unusual transactions, and disbursements for duplicate, redundant, or questionable payments. - Deliverables: Periodic status updates and a comprehensive written report describing procedures performed, factual findings, control deficiencies or concerns, and recommendations. - Notable qualifications: Responding firms should demonstrate substantial experience serving Massachusetts municipalities and K-12 districts, knowledge of regional school finance, municipal assessments, and DESE requirements, and a qualified team that includes CPAs.

Description

The Freetown-Lakeville Regional School District is seeking proposals from qualified independent accounting firms for an Agreed-Upon Procedures engagement covering its financial operations from July 1, 2022, through June 30, 2025. The work includes reviewing selected internal controls, financial processes, compliance with applicable Massachusetts laws and guidance, municipal assessment calculations, significant transactions, and potentially duplicate or questionable payments. The engagement is not a financial statement audit and will not provide an audit opinion. Deliverables include status updates and a written report of procedures, factual findings, control deficiencies, and recommendations.

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