This Solicitation opportunity from Iowa was posted on May 21, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Professional Auditing Services for Fiscal Years 24 - 26
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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AI Contract Overview
The City of Council Bluffs is seeking proposals from qualified and certified public accounting firms to conduct comprehensive audits of its financial statements for three fiscal years ending June 30, 2024, 2025, and 2026, with an option to extend the audits for three additional years. The selected firm will be responsible for providing an independent opinion on the fair presentation of the city's financial statements in accordance with generally accepted accounting principles. The scope of work includes auditing the city’s Annual Comprehensive Financial Report, its component units such as the Council Bluffs Airport Authority, the Council Bluffs Library Foundation, and city-owned entities like the Mid-America Center, Dodge Riverside Golf Course, and River’s Edge Parking Garage. The audit will also encompass testing of required supplementary information mandated by GASB standards, reviewing the statistical section of the financial statements, and auditing the schedule of expenditures of federal awards. The contract, with a size estimated between $300,000 and $600,000, is part of a formal solicitation process with a response deadline of June 7, 2024. The engagement aims to ensure transparency, accuracy, and compliance with applicable accounting standards and federal requirements. The procurement process emphasizes adherence to specific submission guidelines, including compliance with cybersecurity protocols and detailed proposal content. This initiative aligns with the city’s ongoing efforts to maintain fiscal accountability and enhance the integrity of its financial reporting, supporting the city's broader financial management and oversight functions.
General Info
Agency
Place of Performance
IA, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
• Financial statements contained in the Annual Comprehensive Financial Report.
• The Council Bluffs Airport Authority and the Council Bluffs Library Foundation component units. The Council Bluffs Airport Authority has an independent auditor that prepares their financials, however, the City will need to include the Airport financials as a component unit into the City’s Annual Comprehensive Financial Report.
• The City owned and third party managed Mid-America Center (MAC), Dodge Riverside Golf Course and River’s Edge Parking Garage.
• Tests and procedures involving required supplementary information required by the Governmental Accounting Standards Board (GASB) as mandated by generally accepted auditing standards.
• The review of the presentation of the statistical section of the financial statements insofar as current generally accepted auditing standards require such review.
• The audit of the schedule of expenditures of federal awards.
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