Certified Public Accounting Firms to Establish Financial Systems
The North Carolina Turnpike Authority (NCTA) is seeking to obtain the services of a qualified certified public accounting firm to assist the NCTA in developing and establishing financial systems as will be required by the NCTA's private bondholders. These functions may include, but not limited to:
Establishing spending control systems to assure investors that project and construction spending is on tract with construction progress; specifically, ensuring that the funds needed to complete the project are adequate.
Developing an active treasury function to manage in excess of $900 million on deposit after bond closing.
Establishing cash and credit control systems, integrated with the NCTA Operations Division, to collect $10 to $20 million in annual receipts in the first years of operations and increasing to $100 million or more by 2020.
Qualified certified public accounting firms are those firms that are registered with the Office of the Secretary of State and have met the State Quality Review Program requirements of the North Carolina Board of Certified Public Accountant Examiners.
The public accounting firm selected to perform the requested services MUST have experience with toll agencies and
operations.
