Audit Services

Lane Council of Governments (LCOG) is soliciting proposals for annual financial statement audit services under RFP FY27-004, with proposals due July 22, 2026 at 2:00 PM. This is a mandatory-qualifications procurement: proposers must employ Oregon-licensed CPAs authorized to perform municipal audits in Oregon, possess at least five years of governmental financial statement audit experience with substantial Oregon local government experience, hold a Pass rating on the most recent external peer review, maintain Professional Liability Insurance with limits of not less than $2,000,000 per claim, and be in good standing with the Oregon State Board of Accountancy.

LCOG is a voluntary association of 35 local governments in Lane County, Oregon. The audit scope encompasses comprehensive financial statement audits in accordance with GAAP, preparation of an Annual Comprehensive Financial Report, Single Audit requirements, State Transportation Improvement Fund (STIF) Agreed Upon Procedures, management letters with recommendations, and technical assistance throughout the fiscal year. The proposer must utilize secure electronic systems for confidential financial information exchange and maintain independence standards per Government Auditing Standards and AICPA requirements.

The contract covers three fiscal years beginning FY2026-27, with an option for renewal for two additional years and a sixty-day cancellation provision. LCOG's FY2026-27 annual budget is estimated at $85 million across four fund types: General Fund, Special Revenue Fund, Proprietary Fund, and Fiduciary Fund. Subsequent year fees are limited to increases in the annual All Urban Consumers US Cities Average Consumer Price Index. Fieldwork and draft reports must be completed by November 1 of each year; audited financial statements are due to the Secretary of State and Federal Clearinghouse by December 15.

Evaluation criteria allocate 20 points each to qualifications and experience, engagement team qualifications, audit approach and methodology, and fee proposal, with up to 20 additional points available for interviews. Questions are due July 15, 2026. Interviews are scheduled for August 14, 2026 if necessary, with an Intent to Award on August 17 and contract signature by September 30, 2026.