Financial Statement Auditing Services

Kenton County Airport Board (KCAB), operator of Cincinnati/Northern Kentucky International Airport (CVG), is requesting proposals for financial statement auditing services for calendar years ending December 31, 2027, 2028, and 2029, with proposals due October 29, 2026 at 2:00 p.m.

The engagement requires a qualified certified public accounting firm to audit KCAB's financial statements across the base contract period. Year One services include separately defined assistance in preparing and issuing KCAB's first Annual Comprehensive Financial Report (ACFR) for the fiscal year ending December 31, 2027. KCAB retains options to renew the contract for two additional one-year periods covering calendar years 2030 and 2031.

The contract term runs May 1, 2027 through April 30, 2030 (base period). Compensation is structured as a lump-sum fee not to exceed an amount specified in Exhibit A, payable upon satisfactory completion of work. The consultant must submit invoices monthly with detailed descriptions of work performed, percentage completion, and itemized reimbursable expenses; KCAB will remit payment within 30 days of invoice receipt.

Insurance requirements include professional liability coverage of not less than $1,000,000; commercial general liability of $2,000,000 (or $10,000,000 if performing work on aircraft ramps, taxiways, or runways); workers' compensation as required by Kentucky law; and automobile liability of $2,000,000 (or $10,000,000 if operating vehicles unescorted on restricted areas). KCAB must be named as additional insured on all liability policies.

Questions are due October 15, 2026 at 11:59 p.m., with answers posted no later than October 22, 2026 at 11:59 p.m. KCAB retains the right to terminate the contract for breach, non-compliance, or unsatisfactory performance, or for any reason with 30 days' written notice. The contract is governed by Kentucky law with jurisdiction in Boone County Circuit Court or U.S. District Court for the Eastern District of Kentucky, Covington Division. All work product and data prepared under the contract are the exclusive property of KCAB.