Northern KY Convention Center Audit

The Commonwealth of Kentucky Auditor of Public Accounts (APA) is seeking proposals from qualified certified public accounting firms to conduct an audit of the Northern Kentucky Convention Center Corporation (NKCCC) for the fiscal year ending June 30, 2023. The purpose of the audit is to fulfill the statutory requirement for an annual audit of all NKCCC funds, as outlined in KRS 154.90-020. The selected firm will be required to perform a financial statement audit and a financial-related audit of internal controls over financial reporting and compliance, in accordance with Government Auditing Standards. Key deliverables include the audited financial statements and related reports, which must be submitted to the APA by April 30, 2024, and annually thereafter if the contract is renewed. The initial contract term is anticipated to be from December 1, 2023, through June 30, 2024, with options to renew for up to two additional one-year periods. The evaluation criteria for proposals include the firm's responsiveness, audit experience, personnel qualifications, capacity, and reputation, as well as the reasonableness of the proposed cost.

The RFP includes preferences for qualified bidders and Kentucky resident bidders, but does not specify any set-aside designations or restrictions on the types of organizations that can respond. The RFP also does not identify any incumbent vendors or current contractors. The total contract value is not explicitly stated, but the RFP indicates that pricing will be evaluated based on the firm's proposed cost, which shall not exceed the negotiated contract price. Payments will be made based on actual hours worked, with 10% of each progress billing and one-third of the total contract amount withheld until satisfactory completion of the engagement.