Monitoring and Asessment Financial Review Tool.pdf

The document is a Request for Quotation (RFQ) issued by the Maryland Department of Aging (MDoA) seeking a financial consultant to provide professional consulting services under a small procurement contract. The consultant will assist MDoA in performing financial reviews for all federal and state grants received by local area agencies on aging (AAAs) for the fiscal years ending June 30, 2021, through June 30, 2023. MDoA receives approximately $80 million annually in federal and state grants, the bulk of which is sub-awarded to the Department's nineteen AAAs. The proposed term of the contract with the financial consultant will be approximately six months and will not contain an option to extend the contract.

The financial consultant will be responsible for conducting these reviews to ensure compliance with State guidelines regarding review of sub-awardees. The State of Maryland Office of Legislative Audits conducts regular reviews of agency records, and MDoA requires a financial consultant to assist with this process. Pricing terms, set asides, and funding sources are not specified in the document.