Proposals are now being solicited from certified public accounting firms to perform an audit in accordance with generally accepting auditing standards on the Citizens for Modern Transit (CMT) financial statements prepared in accordance with generally accepted accounting principles for the year ended August 31, 2024 and provide your opinion.
Since CMT participates in federally funded grant programs, if federal expenditures exceed $750,000 please include in the proposal the fees for a Single Audit, if needed, in compliance with OMB circular A-133 (beginning with the fiscal year ending August 31, 2024). CMT would also like to have the preparation of the related tax returns for Citizens for Modern Transit (CMT), a 501(c) (3) Missouri non-profit corporation, included in the proposal. The initial audit will also need to include development of an indirect cost rate schedule (ICR) in accordance with 2CFR220 (A122). The accountant must be knowledgeable with the Federal Acquisition Regulation, Part 31 (FAR).
RFP for AUDIT ICR 2023 for Citizens for Modern Transit available here.