Tabor City FY 2024 Audit Services

The Town of Tabor City, North Carolina is procuring Audit Services for fiscal year 2024. The town is seeking qualified independent auditors to perform a comprehensive governmental audit in accordance with North Carolina's laws and regulations, including Government Auditing Standards. The auditor is expected to attend a pre-planning conference, provide a management letter, and present the audit to the Town Council in late October. Proposals are due by June 5, 2024, and the contract will be awarded on June 11, 2024 for a minimum of three years, subject to annual renewal. The RFP outlines detailed requirements for the auditor's qualifications, including experience with governmental audits, education and training of assigned personnel, and quality control programs. The auditor is required to provide cost estimates for the FY 2024 audit, including hourly rates and total costs, and the town will evaluate the technical qualifications of the proposals before considering the cost.

The contract opportunity is open to any qualified independent auditor. Payment of the audit fees will be made in accordance with the Local Government Commission's approval process, with 75% paid prior to submission of the final report and 25% paid upon approval. The total contract value is not specified in the RFP, but the town's financial information indicates a significant scale of operations with 66 employees, 300 purchase orders issued in FY 2023, and 29 bank accounts with substantial monthly activity.