Auditing the Annual Financial Statements of the City of Cheyenne, Wyoming and its Board of Public Utilities

The City of Cheyenne, Wyoming is issuing Request for Proposal (RFP 2-26) to procure comprehensive auditing services for the City and its Board of Public Utilities for a three-year contract period from June 1, 2026 through May 31, 2029. The scope of work includes annual financial and compliance audits for fiscal years ending June 30, 2026, 2027, and 2028, conducted in accordance with Generally Accepted Auditing Standards, Government Auditing Standards (GAO Yellow Book 2024 revision), and 2 CFR Part 200 Uniform Guidance. Deliverables encompass financial statement audits, single audits, preparation of the City's financial and compliance reports with footnote disclosures, and drafting of the Board's Annual Comprehensive Financial Report, with preliminary field work beginning June 15, 2026 and preliminary and final reports due December 15 and 30, 2026, respectively. The City's 2025 fiscal year budget is approximately $231.7 million, the Board's budgeted expenditures total $88.8 million, and federal expenditures subject to audit are approximately $10.5 million. Required qualifications include licensure as a certified public accountant in Wyoming, compliance with Government Auditing Standards independence requirements, professional liability insurance of at least $500,000, and current peer review documentation. The evaluation will utilize a two-step selection process with weighted scoring criteria: 9 points for audit quality approach, 8 points for technical ability, 7 points for staff qualifications, 5 points each for geographic location and references, 3 points for resident contractor status, and 8 points for price proposal. Proposals must be submitted by February 26, 2026 at 3:00 PM via the OpenGov e-procurement portal, with a deadline for questions on February 12, 2026 at 5:00 PM.

The RFP requests that proposers indicate whether they qualify as Wyoming resident contractors registered with the Wyoming Department of Workforce Services, offering 3 points in the evaluation for this status; however, no specific set-asides or disadvantaged enterprise restrictions are noted in the procurement documents. The incumbent auditor, MHP, LLP, has provided unqualified opinions for the last three years and may submit a proposal for continued services. The City requires the selected firm to retain working papers for a minimum of three years following report delivery and provide 20 copies each of the audit report and management letter to both the City and Board by specified deadlines, with audit fees payable upon delivery of reports and progress billings allowed as work progresses. The RFP does not specify a contract value or pricing range; however, proposers will be scored on a scaled methodology where the lowest-cost proposal receives 10 points and remaining firms are scored accordingly. The professional services agreement is scheduled for finalization by March 11, 2026, with City Council approval anticipated on April 13, 2026 and contract execution by April 17, 2026. All proposals become public records under the Wyoming Public Records Act upon contract award.