Financial Auditing Services

The City of Centennial, Colorado has issued Request for Proposal (RFP) No. 25-08-01 for Financial Auditing Services, seeking a Certified Public Accounting firm to conduct comprehensive financial audits for the city and its six component units from 2025 through 2030. The primary objective is to perform audits in accordance with United States generally accepted auditing standards and Government Auditing Standards, covering governmental and business-type activities, major funds, component units, and aggregate remaining fund information. The proposal requires detailed documentation addressing firm qualifications, audit personnel, audit approach, references, and a comprehensive fee schedule. Proposers must submit separate "Not-to-Exceed" annual amounts for financial and potential single audits, with the proposal closing date set for September 10, 2025, at 2:00 p.m. The audit engagement is structured as a one-year contract with options to renew for five successive one-year periods, with specific timeline requirements including interim fieldwork in October-December, post-closing fieldwork in March-April, and final presentations to the Audit Committee and City Council in early June. Completed audits must be finalized by June 30th annually, with the city providing workspace, assistance, and required documentation to support the audit process.

The RFP does not explicitly mention specific set-aside designations or restrictions on responding organizations. The current incumbent, Rubin Brown, LLP, has performed unmodified opinions for the city from 2017-2024, providing historical context for the procurement. While specific budget ranges are not detailed in the provided documentation, the requirement for proposers to submit "Not-to-Exceed" annual amounts suggests flexibility in pricing structures. The audit will cover the city's financial operations and six component units, indicating a comprehensive scope of work that requires significant accounting and auditing expertise. The multi-year contract structure with potential five-year renewal options demonstrates the city's intent to establish a long-term relationship with a qualified financial auditing firm. Prospective vendors should be prepared to demonstrate extensive experience in governmental financial auditing, particularly with municipalities and their associated component units.