The proposed bill authorizes a contract between the District of Columbia and Bert W. Smith Jr. and Co., Chartered, for audit services related to the Medicaid Program, valued at $1,146,142.50 for a one-year term, with options for four additional one-year extensions. The contractor will ensure compliance with federal and district laws regarding payments to healthcare service providers participating in the Medicaid Program. The selection process was competitive, with Bert Smith & Co. being the top-ranked offeror. The bill also certifies that the contract is within the appropriated budget authority and aligns with the financial plan, emphasizing the contractor's extensive experience and positive performance history.

Additionally, the bill outlines specific provisions related to audit services, including various types of audits for healthcare providers, with detailed pricing structures based on the complexity of the services. It emphasizes the importance of maintaining accurate financial reporting and compliance with established regulations, including the Procurement Practices Reform Act of 2010. The bill also includes provisions for equitable adjustments to task orders, non-discrimination clauses, and insurance requirements for contractors, ensuring transparency, accountability, and adherence to ethical standards throughout the auditing process.