FY27: Railsplitter Tobacco Settlement Authority - GAAP Reporting

The State of Illinois, through its Office of Management and Budget, awarded a release competitive sealed proposal contract to Crowe LLP for GAAP (Generally Accepted Accounting Principles) reporting services. The contract, identified as 24-416CMS-BOSS4-P-67509, was awarded on August 3, 2026, with a contract value of $19,736.00 and a period of performance extending through June 30, 2027. The services are being performed for the Railsplitter Tobacco Settlement Authority, with Crowe LLP operating from its Springfield, Illinois office.

Under this contract, Crowe LLP will provide comprehensive GAAP reporting assistance including preparation and review of year-end GAAP financial packages, financial statements, footnotes, and schedules required for submission to the Illinois Comptroller and Auditor General. The Statement of Work specifies staffing resources allocated at two professional levels: 22 hours of Staff Accountant services at $144.00 per hour and 76 hours of Project Manager services at $218.00 per hour. Deliverables include completed GAAP packages, financial statements, supporting schedules, and documentation upon service completion, with billing based on actual hours incurred by resource level on a monthly invoicing schedule.