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Request for Proposal for Professional Auditing Services

City of Barnum
Due
Dec 9, 2024
Deadline passed
Posted
Nov 13, 2024
Contract term
3 years
Primary contact
Kris Asperheim
218-389-6814

The 30-second brief

What they're buying

The City of Barnum is seeking proposals from qualified accounting firms to perform financial statement audits for the fiscal years ending December 31, 2024, 2025, and 2026. The selected firm will be responsible for expressing an opinion on the fairness of the financial statements and ensuring compliance with various auditing standards and governmental requirements.

What you must deliver

Basic Financial Statements, Enterprise Funds and Supplemental Information report; Report on fair presentation of financial statements; Report on compliance and internal control; Report on compliance with applicable laws and regulations; Communication of reportable conditions; Other requested or required reports.

How it's scored

Mandatory Elements (independence, license to practice, no conflict of interest, adherence to instructions, quality control review report, record of quality audit work), Price.

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Summary

The City of Barnum is seeking proposals from qualified accounting firms to perform financial statement audits for the fiscal years ending December 31, 2024, 2025, and 2026.

The selected firm will be responsible for expressing an opinion on the fairness of the financial statements and ensuring compliance with various auditing standards and governmental requirements.

EVALUATION CRITERIA

Mandatory Elements (independence, license to practice, no conflict of interest, adherence to instructions, quality control review report, record of quality audit work), Price.

REQUIRED DELIVERABLES

6
  • Basic Financial Statements, Enterprise Funds and Supplemental Information report
  • Report on fair presentation of financial statements
  • Report on compliance and internal control
  • Report on compliance with applicable laws and regulations
  • Communication of reportable conditions
  • Other requested or required reports

REQUIRED ATTACHMENTS

7
  • Title Page
  • Table of Contents
  • Transmittal Letter
  • Detailed Proposal
  • Executed copies of Proposer Warranties
  • Schedule of Proposed Fees
  • Attachment B (Schedule of Professional Fees and Expenses)

REQUIRED STAFFING

5
PartnersManagersSupervisory StaffAudit StaffOther Personnel
Submit to
3741 Front Street, Barnum, MN. 55707

Questions about this RFP

How do I respond to this RFP from City of Barnum?

Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is December 9, 2024. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: 3741 Front Street, Barnum, MN. 55707. For questions, contact Kris Asperheim.

Can small businesses or minority-owned firms bid on this RFP?

Most government agencies, including City of Barnum in MN, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.

What happens after the RFP submission deadline?

After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.

Can I ask questions about this solicitation before submitting?

Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Kris Asperheim at 218-389-6814. Questions and answers are typically shared with all prospective bidders.

What staffing is required for this project?

This solicitation outlines specific staffing requirements. The required roles include: Partners, Managers, Supervisory Staff, Audit Staff, Other Personnel. Proposers should demonstrate relevant qualifications and experience for each required role.

What are the key deliverables?

The solicitation specifies the following deliverables: Basic Financial Statements, Enterprise Funds and Supplemental Information report; Report on fair presentation of financial statements; Report on compliance and internal control; Report on compliance with applicable laws and regulations; Communication of reportable conditions; Other requested or requ. Proposals should clearly address how each deliverable will be met.

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What are the evaluation criteria for this solicitation?

This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Mandatory Elements (independence, license to practice, no conflict of interest, adherence to instructions, quality control review report, record of quality audit work), Price." Vendors should carefully align their proposals with each criterion to maximize their score.

Where can I find more RFPs from City of Barnum?

All active and historical solicitations from City of Barnum are tracked and searchable. As a city agency, City of Barnum regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.

What is the contract term for this solicitation?

The anticipated contract term is 3 years. Contract terms may include renewal options.

What documents are required to bid on this RFP?

Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Title Page, Table of Contents, Transmittal Letter, Detailed Proposal, Executed copies of Proposer Warranties, Schedule of Proposed Fees, Attachment B (Schedule of Professional Fees and Expenses).. Additionally, proposals should address staffing requirements as outlined in the solicitation. Review the full document from City of Barnum for the complete list.

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