About this opportunity
AI summaryThe Town of Montgomery, Vermont, requests proposals from qualified Certified Public Accountant firms to audit its financial statements for the fiscal year ending June 30, 2026, with an option for the two subsequent fiscal years. The selected auditor must deliver an opinion on general-purpose financial statements under GASB standards, conduct a compliance audit under OMB Uniform Guidance, and evaluate internal controls. Eligible onshore USA organizations must submit technical and cost proposals separated into two sections by December 4, 2026, at 3:00 PM via physical delivery, post, or preferably email to the Town Clerk. The municipality will evaluate proposals based on technical qualifications, including firm experience and implementation plans, alongside price.
Scope of work
- Audit general-purpose, combining, and individual fund financial statements and schedules in conformity with GASB GAAP
- Conduct a compliance audit in accordance with AICPA Standards and the Single Audit Act
- Issue an auditor report and statement on internal control identifying reportable conditions and material weaknesses
- Provide a separate management letter detailing non-reportable conditions and instances of noncompliance
- Deliver an electronic copy and print, bind, and submit five copies of the audit report
- Submit additional report copies to the federal cognizant audit agency and State of Vermont agencies
- Hold an exit conference with the Town Treasurer's Office to review draft reports
- Appear before the Town of Montgomery Selectboard to discuss the final audit report
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Technical qualifications (expertise and experience in providing quality audit services to government entities and quality of professional personnel) | Not specified |
| Price | Not specified |
| Firm experience and reputation | Not specified |
| Understanding of the municipality's requirements | Not specified |
| Approach of the audit and plan for implementation | Not specified |
Minimum qualifications
- Qualified firm of Certified Public Accountants
Documents to include with your response
- Technical proposal
- Cost proposal
- Copy of report on most recent quality control review
- Statement on whether quality control review included government engagements
- Descriptions of the five most significant similar engagements from the last five years
- Plan of implementation and audit approach methodology
- Breakdown of costs by year by partner, supervisory, and staff level
- Out-of-pocket expenses and reimbursement rates
- Unit pricing for non-audit services compliant with independence standards
- Engagement letter within ten working days of proposal acceptance
Key dates
- Request Issued
- November 2, 2026
- Proposals Due
- 3PM on December 4, 2026
- Final report submission for FY26
- January 15th, 2027
- Selectboard appearance on or before
- February 8th
- Final report submission for subsequent fiscal years
- December 15th
How to submit
- Method
- Physical delivery, post, or electronic mail (preferred)
- Instructions
- Submitted to Elizabeth Reighley, Montgomery Town Clerk, PO Box 356, 86 Mountain Road, Montgomery Center, VT 05741. Proposal must be separated into technical and cost proposals.
Contract details
- Term
- Three-year engagement; one year for FY26 with renewal options for FY27 and FY28
- Place of performance
- Town of Montgomery, Vermont
- Funding
- Single Audit Act of 1984, OMB 2 CFR Part 200 Uniform Guidance