Request for Proposal 5000003380 Audits and Risk Management Board Consultant

CalSTRS is seeking a Board Consultant for Audits and Risk Management (ARM) through Request for Proposal 5000003380, covering jurisdictions including Sacramento County, Yolo County, Sacramento City, West Sacramento City, and Yolo CDP. The consultant will provide comprehensive advisory services, training, consulting, and special projects directed by the Chief Auditor, ARM Committee, and Chief Operating Officer. Required services include reviews of accounting standards, financial regulatory matters, public pension fund issues, fraud investigations, financial statement audits, risk assessments, and enterprise compliance reporting. Minimum qualifications mandate three years of audit committee consulting experience, five years in specified consultation roles, a bachelor's degree in accounting, finance, or related field, and an advanced degree or certification like CPA or MBA. The evaluation criteria include a proposal questionnaire (200 points), fee proposal (100 points), Disabled Veteran Business Enterprise (DVBE) incentive points (up to 15 points), and potential interview stages. Key deadlines include written questions due by January 6, 2026, at 2:00 p.m. PT, and proposal submissions due January 26, 2026, at 2:00 p.m. Pacific Time.

The procurement includes a three percent DVBE participation goal with incentive points for higher participation, though no mandatory DVBE requirement exists. The contract term spans five years with two optional one-year extensions, requiring hourly rate submissions for fiscal years 2026-2027 through 2030-2031. Selected contractor personnel must complete background investigations and file economic interest disclosure forms. Compliance requirements include adherence to California contracting laws such as the Darfur and Iran Contracting Acts, and nondiscrimination regulations. While specific budget ranges are not explicitly detailed, the contract anticipates approximately 86 total consulting hours annually, including ARM Committee meetings, board attendance, agenda reviews, leadership meetings, external auditor consultations, policy reviews, training sessions, and staff consultations. The comprehensive contract includes rigorous information security requirements and confidentiality obligations, with strict protocols for conflicts of interest and economic disclosures.