The contract will be available for use by South Carolina municipalities in response to Proviso 105.6. THIS IS A NON-MANDATORY CONTRACT. Contracts resulting from this solicitation are limited in their use to municipalities throughout South Carolina and are not available to governmental bodies as defined in §11-35-310(18) of the Consolidated Procurement Code. Non-procurement related audits for governmental bodies are described in South Carolina Code of Law (§11-7-20).  

South Carolina Code of Laws (5-7-240) requires each municipality to have an annual audit of financial transactions of the municipality and any agency funded in whole by municipal funds. While the State requires that the municipality submit its audited financial statements to the Office of the State Treasurer within 13 months of the municipality’s fiscal year end, there are few other State requirements for how the financial statements are to be prepared. Each municipality, therefore, will have need for services based on its unique situation.