08-07-26_Aug_24_26_solicitation_doc.pdf

This is a Request for Proposals (RFP) issued by the City of Groton, Connecticut for auditing services covering the City and Bozrah Light and Power Company. The scope of work includes examination of financial statements for all city departments and the utility company for the fiscal year ending June 30, 2026; preparation of the Annual Comprehensive Financial Report (ACFR) and Bozrah Light and Power stand-alone financial statements; implementation of applicable Governmental Accounting Standards Board statements; preparation of State and Federal Single Audit Reports; and delivery of a Management Letter addressing internal controls, accounting systems, compliance, and recommendations. Sealed proposals must be submitted to the Office of the Purchasing Agent at 295 Meridian Street, Groton, Connecticut 06340, by 11:00 a.m. on August 17, 2026. The RFP was released on August 7, 2026. The initial contract period is three years with options for two additional one-year extensions at the City's discretion. The audit for the city fiscal year ending June 30, 2026 must be completed by December 31, 2026, provided city data is available by November 1, 2026; electric and water funds and Bozrah Light and Power stand-alone statements must be completed by September 30, 2026.

Billing shall be itemized with fixed fees for the City ACFR and Bozrah Light and Power Annual Financial Report for each contract year (2026-2030) and an hourly rate for services exceeding the fixed fee allowance. Proposers must demonstrate qualifications including resumes of senior personnel, organization charts, copies of at least two ACFRs from Connecticut municipalities where the firm issued an opinion, and references from municipal clients served within the last two years. The selected firm must carry professional liability insurance of $10 million per claim and annual aggregate, along with Workers' Compensation, Commercial General Liability of $1 million per occurrence, Commercial Automobile of $1 million combined single limit, and Excess/Umbrella Liability of $1 million per occurrence. All vendors are eligible to respond. The City reserves the right to reject any proposal and is not obligated to accept the lowest-priced response. Inquiries should be directed to Ronald Yuhas, Purchasing Agent, at 860-446-6114 or YuhasR@cityofgroton-ct.gov.