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Annual
Audited Financial Statements
RWA's Independent Auditor's Report and Financial Statements provides the
following information: Independent Auditor's Report, Management's Discussion
and Analysis, Basic Financial Statements (audited), Required Supplementary
Information and Other Report.
Annual Budgets
An overview and details of RWA's most current operating budget: 2012
Budget
RFP inquiries
- What were the prior year audit fees for RWA and SGA?
- Approximately $21,000, which included both entities.
- Was last year's scope the same as stated in the RFP?
- How many days did your prior auditors spend at the Authority's offices
to perform past audits?
- Anywhere from 3 to 5 days.
- What was the timing of their site visits?
- We typically tried to do the visits sometime in October depending
on everyone's schedule.
- Any major reason why the district is considering a change of audit
firms?
- Our authority has a policy that "RWA may enter into multi-year
contracts with a term not to exceed five years or renew one-year
contracts for not more than five successive terms with the same
auditor or auditing firm."
- Any major disagreements in regards to accounting principles or auditing
procedures?
- What type of accounting/bookkeeping system does the district use?
- Any major change of budgetary size or management turnover from previous
year?
- No management turnover. Our budget changes from year to year depending
upon how much state grant money is available.
- Approximately how many audit adjustments did the prior firm make as
part of their audit?
- Is the previous firm being asked to propose?
- No, the previous firm is not eligible to apply.
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