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GASB Compliance & Financial Consulting

Active
State & Local

Contract Overview

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

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This subcontract for GASB Compliance and Financial Consulting supports prime contractors on debt and lease management projects for Region 14 ESC and OMNIA Partners within the State of Texas. The scope of work involves auditing lease agreements, interpreting GASB standards for public sector entities, and validating debt schedules to ensure precise financial reporting. These services are critical for maintaining regulatory compliance and financial accuracy for public sector organizations. The contractor is required to possess deep expertise in public sector accounting and GASB standards to deliver high-quality compliance reports, validated financial data sets, and accounting advisory memos. Operating under NAICS code 541211, the engagement focuses on providing specialized financial consulting to ensure all debt and lease obligations are reported in accordance with established governmental accounting principles.

General Info

GASB compliance and financial consulting for debt and lease management in Texas.

Agency

State of Texas → Region 14 ESC - TXView Agency

NAICS

541211 - Offices of Certified Public AccountantsView NAICS

Place of Performance

TX, USA

Set-Aside

NONE

Documents

This scope was carved out of 25-S946.

The full solicitation package (12 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

Debt and Lease Management and Consulting Services

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Timeline

Posted

subcontract

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Organization & Contact Information

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AgencyState of Texas → Region 14 ESC - TX
ContactsNo contacts available
OfficeN/A
Organization / Agency
State of Texas → Region 14 ESC - TX
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Office AddressN/A
ContactsNo contact information available

Full Description

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Performs specialized financial consulting for prime contractors on Region 14 ESC / OMNIA Partners debt and lease management projects. Audits lease agreements, interprets GASB standards for public sector entities, and validates debt schedules to ensure financial reporting accuracy. Requires deep expertise in public sector accounting and GASB standards. Delivers compliance reports, validated financial data sets, and accounting advisory memos.

Similar Contracts

Same NAICS industry code

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Same awarding agency

NAICS: 561440
SLED
Debt and Lease Management and Consulting Services
Solicitation # 25-S946
Contract 159808, effective February 19, 2026, establishes a national cooperative agreement between the Region 14 Education Service Center and Fifth Asset, Inc. dba DebtBook for Debt and Lease Management and Consulting Service Solutions. Awarded through RFP 25-S946 and managed via OMNIA Partners, the contract provides public agencies, including school districts and higher education institutions, with a software solution for consolidated debt and lease management. The platform is designed to ensure compliance with federal, state, and local laws, specifically focusing on Governmental Accounting Standards Board GASB 87 lease accounting and GFOA financial reporting standards. Key capabilities include the management of multiple debt issues and bonds, integration with ERP and banking systems, and the production of audit-ready reports, roll-forward schedules, and footnote disclosures. The agreement has an initial term of three years, with options to renew for up to two additional one-year periods. Pricing is structured on a tier-based model that scales with organization size, utilizing a flat price combined with a Region 14 ESC/OMNIA discount. This pricing is designated as not-to-exceed, meaning the supplier may lower prices but cannot exceed the approved rates. The award was based on a comprehensive evaluation where DebtBook scored 97 out of 100 points across criteria including pricing, ability to provide, and experience. The contract also incorporates specific federal compliance requirements, including FEMA special conditions and prohibitions on certain telecommunications equipment under FAR 52.204-25.
Collection Agencies

POSTED

7 months ago

DEADLINE

N/A
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