Financial Audit Services
- Client
- Monterey, California
- RFP Number
- ACCT-26858
- Posted
- 10/3/2026
- Category
- Auditing, Finance and Accounting
- Budget
- Looking for Proposal
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedMonterey One Water seeks proposals from qualified consultants to provide financial audit services for Pure Water Monterey offsite. Scope of work includes an operations and maintenance cost-sharing review, a fund balance and payments audit, Fund 58 beginning fund balance and annual reconciliation, verification of sources comprising Fund 58, a review of prior reimbursements and transfers, cost-sharing agreement reimbursements, and interest and future true-up information. Only onshore, USA organizations are eligible to bid. Respondents must submit all questions by October 20, 2026, and submit proposals electronically through PlanetBids by 2:30 p.m. on October 29, 2026. The successful bidder must maintain specified coverage including commercial general, automobile, workers' compensation, and professional liability insurance.
Key solicitation details
AI-extracted from RFP - Financial Audit Services_PWM Final.pdf. Confirm against the original documents before bidding.
Monterey One Water is requesting proposals from qualified independent consultants to perform financial audit services for Pure Water Monterey recorded within Fund 58. The scope includes reviewing operations and maintenance costs, cost-sharing allocations, billings, payments, and annual reconciliations across multiple fiscal years. Qualified independent consulting and audit firms are eligible to submit proposals.
- Issued by
- Monterey One Water
- Questions due
- 3:00 pm on Tuesday, October 20, 2026
- Proposals due
- Thursday October 29, 2026 at 2:30 pm
- Interviews (tentative)
- Monday, November 9, 2026
- Present preliminary findings
- no later than May 30, 2027
- Complete all services and submit final deliverables
- no later than July 30, 2027
- How to submit
- Electronic submission only via PlanetBids
- Submission details
- Submit one (1) Technical Proposal and one (1) Fee Proposal in PDF format online via PlanetBids. Emailed proposals will not be accepted.
- Contract term
- Seven months from agreement start date in Notice to Proceed, with unilateral option to renew for an additional term.
- Place of performance
- Offsite
- Insurance and bonding
- Commercial General Liability, Business Auto Liability, Workers Compensation and Employer Liability, and Professional Liability/Errors and Omissions ($1 million per occurrence/claim and aggregate).
How proposals are evaluated
| Project approach and understanding of the required scope of work | 25 |
| Experience, resources, and qualifications of the firm and the project staff | 10 |
| Relevant experience conducting similar work | 10 |
| Ability to efficiently deliver the project | 15 |
| Proposal Price | 20 |
Scope of work
- Perform independent review of O&M cost-sharing provisions under Section 4.03 of the Pure Water and Supply Project Agreement
- Review O&M costs, allocations, billings, payments, and annual reconciliations for MCWD from Fiscal Year 2022-23 onward
- Audit and reconcile Monterey One Water Fund 58 financial activity
- Provide written report documenting procedures performed, findings, compliance assessments, and conclusions
- Provide recommendations to strengthen documentation, cost-allocation methodologies, annual reconciliations, and financial reporting
- Provide schedule summarizing proposed financial adjustments by fiscal year and cost category
- Present review findings to M1W and applicable project partners
Minimum qualifications
- Qualified independent firm or consultant
- Qualifications, competence, and capacity of staff assigned to project
- Consulting experience similar to the type and size of the Agency
- Maintain required permits, licenses, and insurance coverages
Documents to include with the bid
- Technical Proposal
- Fee Proposal
- Description of proposed project approach
- List of similar consulting experiences
- Three (3) client references of similar size and scope
- Total not-to-exceed breakdown and billing rate schedule for each task
- Hourly rates for additional services outside scope of work
- Requested modifications to Professional Services Agreement, if any
- Original certificates of insurance and endorsements
Verify important details
Document checkConfirm submission instructions and amendments with the issuing agency before responding.
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