Service Catalog

Accounting Services for Public Entities

Profiscient provides a structured set of accounting services developed specifically for government bodies, public agencies, and organizations operating within public sector financial frameworks. Each service is described below with its scope, applicable regulations, and pricing.

3 Core Services

Fund accounting, audit support, and budget preparation

Fixed Scope & Pricing

Clear deliverables and transparent rates per engagement

Compliance-Focused

Aligned with GASB, OMB, and applicable regulatory frameworks

Each service has been developed around the distinct reporting and compliance obligations that public sector entities face. Pricing reflects a fixed engagement structure with defined deliverables.

SERVICE 01

Governmental Fund Accounting

$3,000 USD / month

Accounting services structured around the modified accrual basis and fund accounting principles required for public sector entities. We maintain general fund, special revenue, capital projects, and other fund-type records in compliance with applicable governmental accounting standards. Monthly reports include fund balance summaries and encumbrance tracking.

Designed for municipalities, school districts, and public agencies operating under fund-segregated reporting frameworks. Engagements are structured on a monthly basis with recurring deliverables.

Deliverables

  • Fund balance statements (monthly)
  • Encumbrance tracking reports
  • Multi-fund general ledger maintenance
  • GASB-compliant reporting formats
  • Year-end close coordination

Applicable to

Municipalities · School districts · Public agencies

SERVICE 02

Single Audit Support

$4,500 USD per engagement

Assistance with the preparation and coordination of single audits required for entities expending federal or state grant funds above regulatory thresholds. We prepare schedules of expenditures, compile compliance documentation, and serve as a liaison with external auditors.

The service includes a pre-audit readiness review and post-audit follow-up on findings. Suitable for grant-receiving public bodies and nonprofit organizations subject to Uniform Guidance requirements.

Deliverables

  • Schedule of Expenditures of Federal Awards
  • Pre-audit readiness review
  • Compliance documentation package
  • Auditor coordination and liaison
  • Post-audit findings follow-up

Applicable to

Public bodies · Nonprofits · Grant recipients

SERVICE 03

Public Sector Budget Preparation

$5,000 USD per engagement

Development of annual operating and capital budgets for government entities. We work with department heads and elected officials to compile revenue estimates, expenditure requests, and policy-level funding decisions into a cohesive budget document.

Deliverables include a proposed budget book, public hearing materials, and adoption-ready resolutions. Designed for local governments and special-purpose districts managing annual budget cycles.

Deliverables

  • Proposed annual budget book
  • Revenue estimates and expenditure schedules
  • Public hearing presentation materials
  • Adoption-ready resolutions
  • Department-level coordination

Applicable to

Local governments · Special-purpose districts

Service Structure Clients Rate (USD)
Governmental Fund Accounting Monthly retainer Municipalities, school districts, agencies $3,000 / mo Details
Single Audit Support Per engagement Grant recipients, public bodies, nonprofits $4,500 Details
Public Sector Budget Preparation Per engagement Local governments, special districts $5,000 Details

All rates are in US dollars. Per-engagement pricing applies to the described scope. Contact us to discuss multi-service arrangements or ongoing engagements.

Our process is straightforward. We keep the initial steps simple so you can determine whether Profiscient is a suitable fit before committing.

Step 01

Initial Contact

Reach out through our contact form or email. Describe your entity type, the service you're considering, and any relevant regulatory deadlines.

Step 02

Scope Review

We review your requirements and confirm whether the service scope aligns with your situation. You'll receive a clear outline of what the engagement covers.

Step 03

Engagement Agreement

If the scope fits, we prepare a written agreement specifying deliverables, timeline, and fee structure. No ambiguity in terms.

Step 04

Work Begins

Once the agreement is in place, work begins according to the schedule. Deliverables are provided at the agreed intervals.

Our services are structured around the standards and guidance that govern public sector financial reporting and compliance.

GASB

Governmental Accounting Standards Board

Sets accounting and financial reporting standards for state and local governments in the United States. Our fund accounting work is structured to meet GASB requirements.

OMB / Uniform Guidance

Office of Management and Budget

2 CFR Part 200 (Uniform Guidance) governs federal award requirements including single audit thresholds and compliance documentation. Our audit support is organized around these obligations.

GAAFR

Governmental Accounting, Auditing, and Financial Reporting

The GFOA's reference guide for government financial reporting. Budget preparation and fund accounting deliverables follow GAAFR-informed practices where applicable.

Can we engage multiple services simultaneously?
Yes. Several entities engage Profiscient for fund accounting on an ongoing basis and add audit support or budget preparation on a project basis when those cycles arise. We can discuss a coordinated arrangement during the scope review phase.
Do you work with entities outside the United States?
Our current service frameworks are built around US-based public sector standards (GASB, OMB Uniform Guidance). Entities outside the United States operating under different standards are welcome to contact us to discuss whether a modified engagement would be suitable.
What information do you need to begin a scope review?
A basic description of your entity type, the service you're interested in, and any relevant deadlines or fiscal year dates is sufficient to start. We'll request any additional documentation during the review if needed.
Are the listed prices fixed or subject to change based on scope?
The listed prices reflect the standard scope described on each service page. If an engagement requires work that falls outside the defined scope, that would be identified during the review process and reflected in the written agreement before work begins.
How long does budget preparation typically take?
The timeline depends on the size of the entity, the number of departments involved, and the complexity of funding sources. We establish a schedule during the scope review that aligns with your adoption calendar and public hearing requirements.

Ready to Discuss Your Requirements?

Contact Profiscient to begin a scope review. We'll confirm whether our services match your situation and outline what an engagement would involve.

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