Financial Statement Compilation Services

The Kentucky Artisan Center, operating as a discretely presented component unit of the Commonwealth of Kentucky under the Tourism, Arts & Heritage Cabinet, is soliciting financial statement compilation services through a Request for Proposal issued on April 6, 2026, with proposals due by May 5, 2026, at 3:30 PM Eastern Time. The procuring entity seeks a CPA firm to compile annual unaudited financial statements for the fiscal year ending June 30, 2026, in accordance with Generally Accepted Accounting Principles as prescribed by the Governmental Accounting Standards Board. Key deliverables include converting the Center's financial activity from cash basis to accrual basis accounting, creating necessary accounting entries, compiling financial statements with accompanying footnotes, preparing the component unit closing package for submission to the Finance and Administration Cabinet, and providing assistance with auditor coordination and replies. Written questions must be submitted by April 15, 2026, with the Commonwealth's anticipated response by April 23, 2026. The evaluation methodology assigns a maximum of 1,000 points for technical and cost evaluation, with potential additional 200 points for oral presentations, for a total of 1,400 maximum points. Technical evaluation criteria assess organizational experience with the Kentucky Artisan Center and similar agencies (400 points) and work plan and approach (400 points), while cost proposals are evaluated on a lowest-price basis. All bidders must be registered in the Commonwealth eProcurement System via the Vendor Self Service System and submit proposals electronically in three separate sealed documents: Technical Proposal, Cost Proposal, and Proprietary Information.

The solicitation documentation does not identify any set-aside designations, restrictions on respondent types, disadvantaged enterprise requirements, or incumbent vendors. The contract term runs from June 1, 2026, through June 30, 2026, with the Commonwealth reserving the right to renew for up to two additional two-year periods, subject to approval by the Secretary of the Finance and Administration Cabinet and the Legislative Research Commission's Government Contract Review Committee. Contractors must maintain Commercial General Liability Insurance of $1,000,000 per occurrence and $2,000,000 aggregate, as well as Professional Liability Insurance of $1,000,000 per claim. The contract will not be effective until approved by the Secretary of the Finance and Administration Cabinet and filed with the Legislative Research Commission's Government Contract Review Committee, and no work shall commence until a valid, fully executed contract is in place. Payment will be made within thirty working days of invoice receipt upon successful completion and acceptance of the described work. The RFP does not specify a budget range or award value in the available documentation.