25_067 Audit Services Signed.pdf

This document is a Request for Proposals (RFP #25-067) for Audit Services issued by the City of Albany, Georgia Finance Department for the fiscal year 2025. The City is seeking proposals from qualified certified public accountants to audit its financial statements, with submissions due by 5:00 P.M. on May 12, 2025. The contract will be a firm, fixed-price one-year term with four optional one-year renewals, in accordance with Georgia Law. The auditor will be required to express an opinion on the fair presentation of the City's basic financial statements in conformity with generally accepted accounting principles, covering all major governmental and business-type activities, funds, and aggregate fund information.

The proposal will be evaluated based on four criteria: Experience & Qualifications (35%), Audit Approach (30%), Quality of Proposal (15%), and Proposal Fee (20%). Proposers must provide a comprehensive work plan, including proposed segmentation of the engagement, staff levels, audit procedures, and a detailed cost breakdown. The City requires the selected firm to maintain specific insurance coverage, including a combined single liability limit of $500,000 and provide a Certificate of Insurance. The auditor will be responsible for various reporting requirements, including reports on financial statements, compliance, internal controls, and Federal and State Financial Awards, with specific deadlines for interim work, fieldwork, and final report submission by December 30th each year.