Auditor Services

Ocean County College seeks a Certified Public Accounting firm to conduct annual comprehensive financial audits in accordance with generally accepted auditing standards, Government Auditing Standards, and Governmental Accounting Standards Board standards. The procurement encompasses financial statement audits, GASB 68 and 75 pension and OPEB reporting, single audit procedures for federal awards, financial aid program audits, enrollment audits, and incorporation of the OCC Foundation as a component unit. The successful vendor must demonstrate a minimum of three years' experience auditing a New Jersey Community College or University and significant expertise in GASB audit engagements. Key deliverables include completion of the enrollment audit by November 1st and the comprehensive financial audit by December 31st annually, with presentation to the Board of Trustees in December. Evaluation criteria include the number and qualifications of staff, higher education and GASB experience, current community college clients, organizational approach, cost, and staff availability. The proposal deadline is April 20, 2026, at 3:00 p.m., with proposals to be opened on April 24, 2026, and award anticipated by May 28, 2026. A pre-bid site visit is available on April 6, 2026. The contract term is for one year covering fiscal year 2026 with an option to renew for one additional year covering fiscal year 2027.

Vendors must comply with New Jersey business registration requirements, prevailing wage standards, and affirmative action requirements, while providing certificates of insurance naming Ocean County College as an additional insured. The College is exempt from New Jersey Sales and Use Tax. No specific set-aside designations for disadvantaged enterprises are noted in the procurement documentation. No incumbent vendors or current contractors are identified. Vendors must submit a not-to-exceed price for services covering both fiscal years 2026 and 2027, with fees itemized by service category including financial statements and management letter, GASB 68 and 75 implementation, single audit procedures, financial aid programs, enrollment audit, OCC Foundation reporting, and out-of-pocket expenses. Ocean County College operates with an approximately $74 million operating budget and serves approximately 5,500 full-time equivalent students with approximately 450 full-time and 400 part-time employees, though no specific budget range for the audit contract is disclosed in the RFP.