opportunities to improve. Describe how your quality control processes would be applied to each stage of this project. Project Timeline The Department and vendor tasks and responsibilities shall be completed according to the following schedule, which vendors must affirm. Table 5 Project Timeline January 1, 2015 1st Auditable Calendar Year Begins July 1, 2015 Contract Starts July December 2015 Vendor Preliminary Work on Calendar Year 2015 Audit – December 31, 2015 1st Auditable Calendar Year Ends Audit Report for Calendar Year 2015 is Due Vendor’s Draft April 15, 2016 after Consultation with ETF - See 2.3.6.1. Final (Draft) Audit Report for Calendar Year 2015 Vendor’s April 30, 2016 is Board to Accept and Due. (“Draft” because Requires Finalize the Report. See 2.3.6.2). Spring 2016 WDC Board Accepts & Finalizes Audit Report Vendor’s Calendar Years 2016, 2017, and Schedule Repeats 2018 WDC Board Decides Whether to Renew for 1st Renewal Summer 2019 Term, July 1, 2019 June 30, 2021. – July 1, 2019 Beginning of 1st Potential Renewal Period WDC Board Decides Whether to Renew for 2nd Renewal Summer 2021 Term, July 1, 2021 June 30, 2023 – July 1, 2021 Beginning of 2nd Potential Renewal Period July 1, 2023 Renewals Exhausted Financial Statements Audit Scope On behalf of the Deferred Compensation Board, the Department will be furnished with an annual report, audited by an independent certified public accountant (auditor), of the financial status of the WDC, disclosing value of WDC assets, liabilities, analysis of cash receipts and disbursements, and
opportunities to improve. Describe how your quality control processes would be applied to each stage of this project. Project Timeline The Department and vendor tasks and responsibilities shall be completed according to the following schedule, which vendors must affirm. Table 5 Project Timeline January 1, 2015 1st Auditable Calendar Year Begins July 1, 2015 Contract Starts July – December 2015 Vendor Preliminary Work on Calendar Year 2015 Audit December 31, 2015 1st Auditable Calendar Year Ends April 15, 2016 Vendor’s Draft Audit Report for Calendar Year 2015 is Due after Consultation with ETF - See 2.3.6.1. April 30, 2016 Vendor’s Final (Draft) Audit Report for Calendar Year 2015 is Due. (“Draft” because Requires Board to Accept and Finalize the Report. See 2.3.6.2). Spring 2016 WDC Board Accepts & Finalizes Vendor’s Audit Report Calendar Years 2016, 2017, and 2018 Schedule Repeats Summer 2019 WDC Board Decides Whether to Renew for 1st Renewal Term, July 1, 2019 – June 30, 2021. July 1, 2019 Beginning of 1st Potential Renewal Period Summer 2021 WDC Board Decides Whether to Renew for 2nd Renewal Term, July 1, 2021 – June 30, 2023 July 1, 2021 Beginning of 2nd Potential Renewal Period July 1, 2023 Renewals Exhausted Financial Statements Audit Scope On behalf of the Deferred Compensation Board, the Department will be furnished with an annual report, audited by an independent certified public accountant (auditor), of the financial status of the WDC, disclosing value of WDC assets, liabilities, analysis of cash receipts and disbursements, and
ETE00011-WDC_audits.docx