Audit committee moves to include four component units in external auditor RFP and accelerates timeline

The Grand County Audit Committee voted July 7 to revise the county's external auditor request for proposals to include audits of four currently audited component units and to accelerate the RFP timeline. The motion by Commissioner Martinez, seconded by Commissioner Hadler, passed unanimously.

The committee said recurring late submission of component-unit financials has delayed the county's financial statement completion in prior years. Members suggested adding the county-funded option for component-unit audits to the RFP as an incentive to improve timeliness. Committee members were clear they cannot, under state law, unilaterally force independent elected districts to use the county-selected auditor; they can, however, offer to pay all or part of the audits as an encouragement.

Karen Curtin and other staff clarified that four component units are currently audited and should be included in the RFP scope:…