Audit Services

The California Health Facilities Financing Authority (CHFFA) is seeking proposals for annual audit services through Request for Proposal #CHFFA 03-15, targeting professional CPA firms to conduct comprehensive financial and internal control audits of their bond program operations. The procurement encompasses auditing services for fiscal years ending June 30, 2016 and June 30, 2017, with a potential one-year extension option through June 30, 2018. Specific deliverables include a complete operating and financial statement audit, an independent assessment of internal control performance, and preparation of required reports for the State Controller's Office. Evaluation criteria will assess qualification of personnel (20 points), accounting/auditing firm experience (25 points), experience with California state/local governmental agencies (25 points), and cost (30 points). Key dates include the RFP release on March 1, 2016, proposal submission deadline of April 5, 2016 at 4:00 PM, evaluation and selection by April 12, 2016, and a proposed contract start date of June 1, 2016.

The procurement includes small business and disabled veteran business enterprise (DVBE) preference opportunities, with a small business preference of 5% and a DVBE incentive up to 5%. Minimum qualifications for bidders require an established California office, California business licensure, a professional CPA firm in business for at least three years, experience conducting a minimum of five audits of California state/local agencies within the past four years, and sufficient staffing to meet project deadlines. While no specific contract value is explicitly stated, the RFP allows for progress payments with 10% withheld pending final completion. The solicitation stems from new legislative requirements under Senate Bill 99, which increased reporting and auditing standards for conduit bond issuers, necessitating a thorough and compliant audit approach. Prospective bidders must demonstrate comprehensive understanding of governmental auditing standards and the specific requirements of health facilities financing authorities.