About this opportunity
AI summaryThe Yampa Valley Regional Transportation Authority seeks proposals from qualified independent certified public accounting firms to audit its basic financial statements for the fiscal year ending December 31, 2026. The selected contractor must audit all reporting entity funds, activities, and component units; issue required reports and state filings; deliver communications to governance and management; and provide related technical consultation. Eligible applicants are onshore USA organizations with relevant experience in Colorado local government, Title 32 special districts, counties, or cities. Applicants must email one searchable PDF proposal to Mathew Mendisco at [email protected] by November 23, 2026, at 12:00 PM MST, including fixed fee pricing and a completed checklist. The deadline for written questions is November 16, 2026, at 12:00 PM MST. The engagement spans an initial one-year term with options to renew for up to three additional one-year periods. The buyer will select the proposal providing the best overall value based on evaluated criteria, including relevant Colorado governmental audit experience and fee proposals weighted at 15 percent.
Buyer and opportunity details
- Client
- Yampa Valley Regional Transportation Authority
Scope of work
- Financial statement audit of all funds, activities, and component units
- Independent Auditor's Report expressing the appropriate opinion under applicable standards
- Reports on internal control over financial reporting and compliance
- Single Audit reports and schedule of findings and questioned costs if applicable
- Required communications to governance and management letter with practical recommendations
- Final searchable electronic deliverables and support for Colorado Office of the State Auditor filing
- Entrance conference, status communications, exit conference, and Board of Directors presentation
- Reasonable technical consultation regarding governmental accounting, GASB implementation, and internal controls
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Relevant Colorado governmental audit experience, including Colorado Local Government Experience. | 25% |
| Qualifications, continuity, and availability of the proposed team | 20% |
| Understanding of YVRTA and quality of the audit approach and schedule | 25% |
| References, peer review, quality controls, and demonstrated performance | 15% |
| Fee proposal and overall value | 15% |
Minimum qualifications
- Properly licensed and in good standing to practice public accounting in Colorado
- Independent of the Authority under all applicable professional standards
- Specific experience auditing Colorado local governments
- Personnel assigned possess appropriate governmental audit experience
- Completed external peer review within the required period and can provide report and letter of comment
- Able to satisfy the Authority schedule and reporting requirements
- Maintains professional liability insurance and other coverage appropriate for the engagement
Documents to include with your response
- Signed transmittal letter
- Firm profile and independence disclosure
- Relevant Colorado governmental and Title 32 experience description
- Proposed engagement team and resumes
- Audit approach and detailed work plan
- Deliverables and proposed schedule confirmation
- At least three Colorado governmental audit client references
- Most recent peer review report and letter of comment, if any
- Evidence or description of insurance coverage
- Completed Appendix B Fee Proposal and Appendix A Proposal Compliance Checklist
Key dates
- RFP ISSUE DATE
- November 5, 2026
- QUESTIONS DUE
- November 16th, 2026 12pm MST
- Question Responses Posted
- November 20th, 2026, 5:00pm MST
- PROPOSALS DUE
- November 23rd, 2026 12pm MST
- ANTICIPATED SELECTION
- December 7th, 2026
- Engagement planning and client assistance list target date
- January 2027
- Interim procedures target date
- February 2027
- Year-end fieldwork target date
- April 2027
- Draft reports delivered to Authority target date
- May 2027
- Exit conference target date
- June 2027
How to submit
- Method
- Instructions
- Submit one electronic proposal in searchable PDF format to Mathew Mendisco with the subject line 'YVRTA Audit Services Proposal - [FIRM NAME]'. Proposals must remain valid for a minimum of 120 days.
Contract details
- Term
- Initial one-year engagement covering FY ending December 31, 2026, with the option to renew for up to three additional one-year periods.
- Insurance and bonding
- Maintains professional liability insurance and other coverage appropriate for the engagement, with final requirements established in the written agreement.
- Funding
- 2 C.F.R. Part 200