City of Wausau Request for Proposals Auditing Services 2025-2029

The City of Wausau is seeking proposals for comprehensive auditing services covering the calendar years 2025-2029, targeting a Certified Public Accounting firm to conduct annual financial and compliance audits. The scope of work encompasses auditing the City's general operations, the Community Development Authority, Riverview Towers LLC, and the City-County Information Technology Commission, with required adherence to Government Auditing Standards, OMB Compliance Supplement, and State Single Audit Guidelines. Specific deliverables include preparation of financial statements, federal and state awards schedules, GASB 87 and 96 rollforwards, depreciation schedules, and tax return preparation for related entities. The City has a total budget of $169 million, covering approximately 330 full-time and 47 part-time employees with an annual payroll of $26.4 million. Proposals are due by 12:00 noon on November 5, 2025, to be submitted to the Finance Department, with the City anticipating presenting a recommendation to the Finance Committee on November 11, 2025. Evaluation will be based on a 100-point scoring system addressing mandatory qualifications, technical qualifications, audit approach, and audit fees, with specific emphasis on professional licensing, independence, disciplinary history, quality control, and staff experience.

The procurement does not appear to have specific set-aside designations for disadvantaged enterprises. The incumbent vendor is CliftonLarsonAllen LLP (CLA), which has audited the City's operations since 2019. Proposers must maintain Professional Liability insurance of $1,000,000 per claim and Commercial General Liability of $1,000,000 per occurrence with $2,000,000 aggregate. The City has maintained a Certificate of Achievement for Excellence in Financial Reporting from 1997 to 2019 and intends to continue participating in the GFOA program. While precise award values are not explicitly stated, the current Statement of Work indicates audit fees for the City of Wausau totaling $65,400, with additional fees for the Community Development Authority ($23,300) and Riverview Towers LLC ($13,925). The City reserves the right to reject any or all proposals and will not reimburse proposal preparation costs. Proposers should note that pricing must be submitted on Appendix A with separate invoicing for the Community Development Authority, Riverview Towers LLC, and the City of Wausau.