Professional Auditing Services

The vendor is required to provide certified public accountant firms to audit its financial statements for the three fiscal years beginning with the fiscal year ending June 30, 2026, subject to cancellation provisions of the agreement.  
- The auditor will prepare all financial statements including the city’s annual comprehensive financial report (ACFR) in accordance with the requirements of governmental accounting standards board (GASB). 
- In addition, the auditor will prepare the GASB 34 entries and reconciliations (or any superseding/amending pronouncements).
- The transmittal letter, management’s discussion and analysis, and statistical sections will be prepared by the city.
- The audit firm will perform an audit of all funds of the city.
- The audit firm will render their auditors’ report on the basic financial statements which will include both government-wide financial statements and fund financial statements.
- The fiscal periods to be covered by the audit are July 1, 2025 through June 30, 2026; July 1, 2026 through June 30, 2027; and July 1, 2027 through June 30, 2028. 
- The city shall have the option(s), at its sole discretion, to renew the agreement for two additional one-year terms to include the audit of fiscal years July 1, 2028 through June 30, 2029, and July 1, 2029 through June 30, 2030.
- During the term of the agreement, it is expected that the auditor shall keep the city informed of new guidance and developments that may affect municipal accounting and finance.
- The audit firm shall issue a separate “management letter” that includes recommendations for improvements in internal control, accounting procedures and other significant observations that are considered to be no reportable conditions.
- The auditor should be available to city management, and to members of the city council at regular or special city council meetings, to answer questions related to audit findings.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: August 1, 2025