Vendors, except for public colleges and universities, must provide evidence of financial stability prepared by a Certified Public Accountant. Vendors cannot solely rely on funds from Workforce Solutions
I. For a Sole Proprietorship submit:
a. Names of owners of record and copy of DBA if applicable
b. Audited or Reviewed financial statements of business for the most recent fiscal year
- Balance Sheet, Income and Expense Statement, Statement of Cash Flow, and all notes required by Generally Accepted Accounting Principles (GAAP) or Audit for the most recent year
- Prepared in accordance with Statements on Standards for Accounting and Review Services
- Notes to the Reviewed Financial Statements must disclose the amount of payments for the next five (5)years to meet debt agreements are required by GAAP
II. For a Partnership or Corporation (for profit entity) submit:
a. A copy of the Articles of Incorporation or Partnership agreement and DBA if applicable AND
b. Audited financial statements for the most recent fiscal year
1. Balance Sheet, Income and Expense Statement,
Statement of Cash Flow, and all notes required by
Generally Accepted Accounting Principles (GAAP)
2. Prepared by an independent CPA firm for the last fiscal
year in accordance with Generally Accepted Auditing
Standards (GAAS)
III. For a Non-Profit submit:.
a. IRS Tax exemption certificate (a copy of 501(C)
b. An A133 audit OR
c. Audited financial statements for the most recent fiscal year
- Balance Sheet, Income and Expense Statement,
Statement of Cash Flow, and all notes required by
Generally Accepted Accounting Principles (GAAP)
2. Prepared by an independent CPA firm for the last fiscal
year in accordance with Generally Accepted Auditing
Standards (GAAS)
Please note: For all submissions, the balance sheet/financials must be submitted within four (4) months of the statement date. If more than four (4) months have elapsed since the financial statement date, a separate balance sheet or financials for a period close within four (4) months, which has been compiled, reviewed, or audited by a CPA firm, must also be submitted. The compiled balance sheet/statements must contain at least one note disclosing the current and long-term liabilities. This note shall be similar to that required by GAAP for reviewed and audited statements.
By checking this box, you attest that you are providing audited financial statements and/or tax returns as stated above (pdf only). You may skip if you are a college or university.