Governmental Accounting Technical and Financial Reporting Consultant Services

The City of South Lake Tahoe is seeking a professional consultant to provide specialized governmental accounting technical services to support its Finance Department in navigating complex accounting standards, implementing current and future Governmental Accounting Standards Board (GASB) pronouncements, and ensuring accurate, compliant financial reporting. The consultant will offer expert research, analysis, and recommendations on critical GASB standards including Statement Nos. 72 (Fair Value Measurement), 87 (Leases), 96 (Subscription-Based Information Technology Arrangements), and 101 (Compensated Absences), alongside ongoing support for any new issued standards. Services are to be delivered primarily within the City of South Lake Tahoe, California, with the expectation that the consultant maintains a valid local business license if performing work on-site. Deliverables will include technical memoranda, amortization schedules, fair value assessments, journal entry guidance, and documentation supporting the Annual Comprehensive Financial Report to meet both GASB and State Controller’s Office requirements. The position is structured as a professional services agreement with an initial one-year term and potential for two one-year extensions, contingent upon performance, budget availability, and mutual agreement. The solicitation, issued as RFP# 2026-08-03 with a response deadline of August 3, 2026, requires proposals submitted exclusively through the PlanetBids online portal, with no hard copy or email submissions accepted. Proposals are evaluated on a trade-off basis totaling 100 points, prioritizing the scope of work and implementation (35 points), followed by project budget (25 points), company history and experience (20 points), executive summary (10 points), cover letter (5 points), and recent project references (5 points). Cost is a significant factor, accounting for 25% of the total score, but the award is not based on lowest price technically acceptable; instead, the City seeks best overall value through a balance of technical merit and pricing. The consultant must provide monthly invoicing with detailed service breakdowns, maintain professional liability, commercial general liability, and auto insurance with minimum coverage of $1,000,000 each, and submit certifications regarding anti-lobbying compliance, debarment status, drug-free workplace policies, and ADA compliance. Subcontracting and assignment are prohibited without prior written consent, and key personnel substitutions require City approval. The contract includes specific clauses on records retention, indemnity, insurance, and conflict of interest, with the City retaining full authority over inspection,