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Financial Statement Auditing Services

Active

26-049-RFPState & Local

Response Deadline10/29/2026, 06:00:00 PM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

The Kenton County Airport Board (KCAB), which maintains jurisdiction and control over the Cincinnati/Northern Kentucky International Airport (CVG), is soliciting proposals for Financial Statement Auditing Services under solicitation number 26-049-RFP. The primary objective of this engagement is to perform annual financial statement audits, test IT general controls, and verify supplies inventory balances. A critical requirement of the scope is supporting KCAB's transition from Basic Financial Statements to a publication-ready Annual Comprehensive Financial Report (ACFR) for the fiscal year ending December 31, 2027. The contract is designed for an initial term of three years, with an option to renew for two additional one-year terms. The selection process is based on a best-value evaluation, with scoring weighted across the experience and qualifications of key personnel (30%), the proposed audit approach (30%), the strength and reputation of the firm (20%), and the engagement fee (20%). Awarded contractors must adhere to generally accepted auditing standards, AICPA Audit standards, Kentucky Revised Statute 65A.030, and Governmental Accounting Standards Board principles. Deliverables include an annual audit plan due by November 15, an ACFR implementation plan for 2027, and regular progress conferences and Audit Committee presentations. Administratively, the successful proposer will be paid on a monthly basis within 30 days of invoice receipt, provided invoices include detailed descriptions of work and supporting documentation for reimbursable expenses. The contract mandates strict compliance with federal nondiscrimination laws, including Title VI of the Civil Rights Act of 1964 and the Americans with Disabilities Act, as well as OSHA safety standards. Proposers must submit a fixed fee for recurring annual services and a separate fixed fee for the Year 1 ACFR transition, while providing a certificate of insurance and a recent quality assurance review.

General Info

KCAB seeks proposals for financial auditing services and ACFR transition support.

Agency

Kentucky → Finance

NAICS

541211 - Offices of Certified Public Accountants

Place of Performance

KY, USA

Set-Aside

NONE

Documents

Kenton County Airport Board Proposed Agreement (RFP 26-049)

contract-document

High

RFP 26-049-RFP: Financial Statement Auditing Services

rfp

High

AI Contract Breakdown

Uniform Contract Format

Timeline

PhaseSolicitation

PostedOct 8

Solicitation

Response DeadlineOct 29

Submission deadline

Response Deadline

10/29/2026, 06:00:00 PM UTCin 21 days

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Organization & Contact Information

AgencyKentucky → Finance

Contacts2 people available

OfficeKenton County Airport Board, KY, 41018, USA

Organization / AgencyKentucky → Finance

Office AddressKenton County Airport Board, KY, 41018, USA

Contacts

Rich HarrisonController

contact@example.gov

+1 (555) 000-0000

LaDonna PurcellDirector, Contract & Procurement Administration

contact@example.gov

+1 (555) 000-0000

Interested Companies (8)

CroweChicago, IL

Plante & MoranSouthfield, MI

Forvis MazarsOMAHA, Nebraska

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Full Description

The Kenton County Airport Board was created pursuant to a resolution of the Fiscal Court of Kenton County, Kentucky adopted on June 3, 1943. Under the provisions of Chapter 183 of the Kentucky Revised Statutes and by the terms of such resolution, the Board has been created and organized as a public body politic and corporate. The Board has complete jurisdiction, control, possession, and supervision of CVG. This includes the power and authority to establish reasonable rates, charges, and fees for the use of its landing areas, ramps, and other common aviation facilities. Through contracts or other permissible means, the Board also negotiates general rates, charges, and fees for commercial vendors, concessionaires or other organizations for the use and occupancy of its terminals and other facilities. The Board consists of thirteen voting members with the majority of the members required to be residents of Kenton County. Eight of the members are appointed by the Kenton County Judge Executive with the approval of the Kenton County Fiscal Courts. Two members are appointed by the Boone County Judge Executive with approval of the Boone County and Kenton County Fiscal Courts. The Campbell County Judge Executive and Grant County Judge Executive each appoint one member with the approval of the respective counties' Fiscal Courts as well as the Kenton County Fiscal Court and one member is appointed by the Governor of the Commonwealth of Kentucky. CVG, which began operations in 1947, is an air transportation and cargo facility for scheduled carriers serving the 15-county Cincinnati Metropolitan Statistical Area (MSA). CVG is located on approximately 7,500 acres in the northeastern corner of Boone County, Kentucky, approximately fourteen miles southwest of downtown Cincinnati, across the Ohio River in Kentucky. CVG serves as the primary airport for scheduled passenger service for the MSA with scheduled passenger service at the Airport provided by eleven airline groups and scheduled cargo service provided by three cargo operators.