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RFP opportunitySolicitation 26051

Professional Auditing Services for Financial Reports and Utility Bond Compliance

Submission deadlineDec 4, 2026See documents for time and submission instructions
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About this opportunity

AI summary

The City of Independence Procurement Division seeks proposals for professional auditing services for a one-year contract period. The selected auditor must review financial statements, notes, and required supplementary information for the annual comprehensive financial report, issue auditor reports, and provide a management letter covering internal controls and accounting procedures. Additional tasks include preparing compliance letters for utility bonds, reporting on general management cost allocations, offering Single Audit services, and providing consultation on new GASB pronouncements. Eligibility requires onshore USA entities to perform work onsite, and awarded firms must hold proof of insurance and a City of Independence business license. Prospective respondents must submit questions online via Public Purchase by November 25, 2026, at 5:00 p.m. local time, and submit final proposals online through the same platform by December 4, 2026, at 5:00 p.m. local time. An evaluation committee will rank proposals and may interview top respondents, ultimately recommending the firm offering the most reliable and cost-effective services to the City Council.

Buyer and opportunity details

Client
Procurement Division
Solicitation No.
26051

Scope of work

  • Audit all funds and accounts to produce an opinion on financial statements in accordance with GAAS and Government Auditing Standards
  • Review basic financial statements, notes, and required supplementary information for the Annual Comprehensive Financial Report (ACFR)
  • Prepare separate letters reporting compliance with covenants of electric, sewer, and water utility bonds
  • Prepare separate reports required by Government Auditing Standards (GAS)
  • Prepare a letter reporting on the inter-fund allocation of general management and administrative costs
  • Prepare a comprehensive management letter with operational and financial recommendations
  • Perform Single Audit in accordance with 2 CFR Part 200 Subpart F and audit the SEFA when required
  • Provide consultation regarding implementation of new GASB pronouncements throughout the year

How proposals are evaluated

CriterionWeight / scoring
Mandatory elementsNot specified
Evidence of experience & references with similar projectsNot specified
Experience of audit teamNot specified
Applicable ResourcesNot specified
Responses to proposal deliverables section and project narrativeNot specified
PricingNot specified

Minimum qualifications

  • Submission of a copy of the firm's most recent external quality control review report
  • Experience in City and other local government auditing
  • Electric, water, and sewer utility auditing experience
  • Transportation Development District (TDD) experience
  • Event venue experience
  • Government audit standard (GAS) experience
  • GFOA Certificate of Achievement experience
  • Certification of authority to conduct business in the State of Missouri and City of Independence occupation license

Documents to include with your response

  • Cover Sheet, completed and signed
  • Affidavit (Attachment 1)
  • Signed contract (Attachment 2) or a list of exceptions to be negotiated
  • Immigration/E-Verify Affidavit (Attachment 3)
  • Affidavit – Acceptance of Missouri Anti-Discrimination Against Israel Act (Attachment 4)
  • Copy of most recent external quality control review report
  • Fee proposal with maximum not-to-exceed amounts for each year and separate Single Audit pricing
  • Resumes of all persons working on the audit
  • Responses to proposal deliverables section and project narrative

Key dates

Issue RFP
November 4, 2026
Deadline for questions
November 25, 2026, 5:00 p.m. local time
Proposals due
December 4, 2026, 5:00 p.m. local time
Evaluation
December 7 – December 23, 2026
Shortlist Announced for Oral Interviews
December 14 - 16, 2026
Oral Interviews (if necessary)
December 21 - 23, 2026
Notice of Intent to Award
December 30, 2026
Target City Council Award Date
January 18, 2027
Anticipated Agreement Start Date
August 1, 2027

How to submit

Method
Electronic via www.publicpurchase.com
Instructions
Submit online via www.publicpurchase.com into a virtual lockbox. Paper, fax, or email responses will NOT be accepted.

Contract details

Term
Five (5) years with an option to extend for up to two additional one-year periods
Place of performance
Independence, MO
Insurance and bonding
General Liability Insurance of $1,000,000 per occurrence; Professional Liability/Errors and Omissions Insurance of $1,000,000 annual aggregate; Automobile Liability Insurance of $1,000,000 per person and $1,000,000 per occurrence; Worker's compensation per law. Insurers must be licensed in Missouri with A.M. Best rating of no less than A: VII.
Funding
Single Audit Act and 2 CFR Part 200, Subpart F – Audit Requirements
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