City Request For Proposals, Audit Services

The City of Cordova requests proposals from qualified Certified Public Accounting firms to audit the City's financial statements for the three fiscal years ending December 31 of 2026, 2027, and 2028 with an option to extend the contract for two years in one-year increments through 2030. These two optional engagement years will be initiated by separate engagement letters.

The City of Cordova operates on a fiscal year ending 12/31 and has an annual operating budget of approximately **$19,000,000**.

The City of Cordova would like to schedule field work during the April-June time period with final deliverables presented to Council by September 30th.

Financial audit

The Independent Auditor shall audit all funds and account groups of the City of Cordova in accordance with auditing standards generally accepted in the United States of America; standards for financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States; the provisions of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance); applicable pronouncements of Governmental Accounting Standards Board (GASB) and pronouncements of the Financial Accounting Standards Board (FASB) issued on or before November 30, 1989 unless these pronouncements conflict with or contradict GASB pronouncements as they relate to local governments.

The examination shall include opinions as to compliance with the Federal Single Audit Act, and the State of Alaska single audit requirements established by 02.AAC.45.010.

City of Cordova Annual Financial Report and State and Federal Single Audit Compliance Statements

The scope of the audit shall include all accounts of the City.

• The auditors shall accept the responsibility to express an opinion as to the fair presentation of the combining, individual fund and individual account group financial statements.
• When required, a separate report on compliance and internal controls required for the Federal and State Single Audits shall be prepared by the auditor. If possible, the report will be published within the Annual Financial Report.
• In connection with the audit of the financial statements, the Auditor shall perform tests of compliance and tests of internal controls in accordance with Government Auditing Standards and the Uniform Guidance. [...] Information should be disclosed regarding the status of findings and recommendations from previous audits that remain uncorrected.

Management Letters

The auditor shall observe the adequacy of the systems of internal control, accounting procedures and other significant matters. If material weaknesses are noted, appropriate recommendations should be reviewed with management and included in a letter to the City Mayor and Council members.

Presentation to City Council

Upon completion of the audit, the auditor shall make a presentation to City Council in a work session, summarizing the major scope and findings of the audit, and discussing the highlights of the financial statements, and provide a brief presentation to the public at a presentation during the City Council meeting.

Proposals are due before **2:00 p.m. local Cordova time on November 18, 2026**. For paper-copy proposals, please submit **five (5) copies in a sealed envelope** plainly marked, "RFP – Audit Services for 2026-2028" addressed to the City Manager, City of Cordova, 602 Railroad Avenue, P.O. Box 1210, Cordova, AK 99574. Any proposal received after 2:00PM will not be considered.

Electronically submitted proposals will be accepted by email and may be sent to Samantha Greenwood, citymanager@cityofcordova.net. The email subject line shall read "RFP – Audit Services for 2026-2028", and the proposal shall be attached to the email as a ".pdf file". If submitting electronically, then only one electronic copy is required by the 2:00pm deadline.

Proposals will be reviewed by the City's selection team and scored based on qualifications as noted below. The firm with the highest scoring submittal (of 100 possible points) will be invited to negotiate a contract with the City.

• The proposers understanding of the work to be performed (10 points)
• The firm's personnel have experience and expertise in governmental accounting and Federal and State Single Audit requirements (20 points)
• The firm meets the standards of independence required by the Government Auditing Standards (Yellow Book) most recent revision (10 points)
• The evidence of adequate planning regarding labor hours required as demonstration of ability to complete the project in a timely manner within the fixed-fee constraints (15 points)
• The firm's experience with engagements similar to City of Cordova, including positive references (25 points)
• The cost of the proposal. (20 points)

Proposing firms must indicate receipt of all addenda to this RFP, if any.