Financial Audit Services

The New Mexico Department of Public Safety is requesting sealed proposals for independent public accountant services to audit DPS financial statements for fiscal years ending June 30, 2027, 2028, 2029, and 2030, with proposals due November 12, 2026 at 3:00 PM MDT through the Bonfire procurement system. Qualified IPAs must be listed on the New Mexico Office of the State Auditor's approved audit firm list and licensed to practice public accounting in New Mexico — a mandatory eligibility filter.

The scope encompasses comprehensive financial statement audits addressing all governmental and business-type activities and component units; federal single audits for awards meeting audit thresholds; audited financial statement preparation; and other non-audit services including data collection form preparation and staff training. All work must comply with Generally Accepted Governmental Auditing Standards (GAGAS/Yellow Book), Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB) Statements, and Uniform Guidance (CFR 2 Part 200). The contract term is one year from execution with three additional annual contracts on a year-to-year basis as mutually agreed, not to exceed four years total. Subcontractors are not allowed; the prime contractor is solely responsible for all requirements.

Evaluation will be conducted on 1,000 total points across technical specifications (800 points) and business specifications (200 points), with an additional 200 points available for oral presentations and up to 100 points for New Mexico and Native American resident preferences. Cost evaluation uses a formula comparing each offeror's total cost to the lowest responsive offeror's cost multiplied by 200 available award points. A non-mandatory pre-proposal conference was held October 8, 2026 via Microsoft Teams.

Mandatory pass/fail requirements include independence verification, New Mexico public accounting license, financial stability documentation (Equifax or Experian credit score of 660 or higher, or Dun & Bradstreet Composite Score of 1 or 2), completion of Campaign Contribution Disclosure Form, signed Letter of Transmittal, current IRS W-9 and New Mexico Substitute W-9 forms, and three organizational references from similar projects within the past three years submitted directly by references by November 12, 2026. Proposals must be organized into three separate binders with strict page and format limitations. No late proposals will be accepted.