What the buyer needs
AI summaryThe government authority in Lancaster, TX, seeks a vendor to provide independent financial audit services. The selected vendor will perform offsite detailed accounting and verification of impact fee funds, including total funds collected, accumulated interest, unspent balances, proposed unconstructed capital improvements by service area, waived fees, refunds, and credit calculations. The scope also requires evaluating fund segregation and statutory compliance. Specifically, the vendor must confirm the segregation of impact fee funds from other revenues and evaluate land use assumptions for compliance with authorized uses. Only onshore US organizations are eligible to submit proposals digitally via email or online. The buyer will hold a pre-bid meeting on December 9, 2026, which is also the deadline to submit all questions.
Scope of work
- Detailed accounting of funds collected, interest accumulated, and unspent balances by service area
- Verification of proposed capital improvements not yet constructed and each fee allocated
- Review of waived fees, requested refunds, refunded fees, and accuracy of credits
- Evaluation of fund segregation from other revenues and statutory compliance
- Evaluation of land use assumptions, CIP, and Council-approved ordinances compliance
- Final written report suitable for public posting and Council adoption
- Executive summary in plain language and slide presentation for public hearings
- Complete workpapers and reconciliation schedules for City records
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Relevant experience and qualifications of the firm and team | 35 |
| Understanding of statutory requirements and audit methodology | 25 |
| Communication skills and clarity of work product | 10 |
| Quality of past performance and references | 10 |
| Ability to meet required schedule | 20 |
Minimum qualifications
- Licensed CPA or public accountant in Texas
- Demonstrated experience in governmental and utility district audits
- Knowledge of Chapter 395, Local Government Code, and impact fee structures
- Knowledge of the Generally Accepted Auditing Standards
- Independent and not under contract with the City in preceding 12 months
Documents to include with your response
- Written attestation of independence and disclosure of any potential conflicts
- Affirmative statement of independence from all component units of the City
- List and description of professional relationships with the City in past 12 months
- Firm profile, office location, and relevant government auditing experience
- Narrative of proposed staff supplemented with resumes and certifications
- Work plan, audit methodology, segmentation, and sampling approach
- Detailed timeline of audit engagement and staff workload availability
How to submit
- Method
- Electronic via agency portal
- Instructions
- Submit electronically to https://ltxebid.ionwave.net/Login.aspx