Financial Management Analysis

The North Texas Municipal Water District (NTMWD) is seeking proposals from qualified, experienced consultants to provide a financial management analysis for fiscal years 2024, 2025 and 2026.

The North Texas Municipal Water District (District) is comprised of 22 separate operating systems – water, solid waste, and wastewater systems. The Regional Water System (RWS/System) is the largest and is made up of 13 Member Cities and 34 Customers, which include cities, towns, special utility districts, and water supply corporations. The RWS serves approximately 2.4 million people in 10 counties in North Texas. [...] Section III (Independent Review) of the Settlement Agreement directs that every three years, a third-party consultant is to perform a financial management analysis for the three preceding fiscal years.

The District is seeking proposals for a qualified firm to provide the required financial management analysis for the fiscal years (Oct – Sep) of 2024, 2025, and 2026. [...] The contract must be awarded no later than March 1, 2027, and the final report provided no more than nine (9) months after the award of the contract.

Consultant shall maintain full transparency and impartiality throughout the entire process while conducting the financial management analysis.

The Independent Review shall include Items A through G, as stated below, and such other items as determined by the Board.

• A. The reasonableness of Operations and Maintenance Expenses for the System;
• B. The assignment of shared costs to the District's various systems, including the System, and functionalization of expenses as variable versus fixed;
• C. Confirmation of the amount of the required Bond Service Component as defined in Section 9(a)(B) of the Contract, and compliance of such amount with the Contract and the applicable Bond Resolutions;
• D. Confirmation of balances in any funds required to be established or maintained by the provisions of the Bond Resolutions, including but not limited to, examination of balances in any debt service reserve funds and compliance of such balances with the requirements of the Bond Resolutions;
• E. Examination of balances, including the need for and the reasonableness of such balances, in any other special, contingency, reserve, or other funds established by Board policy but not otherwise required to be established or maintained by the provisions of the Bond Resolutions; and
• F. Examination of the District’s collection and application of Other Revenues as described in Section 9(f) of the Contracts, as amended, so as to reduce, to the maximum extent feasible, the amounts that otherwise would be payable by the Contracting Parties for treated water.
• G. Examination of the District’s compliance with Section 9 of the Contracts, as amended, in setting the Annual Requirement and base rate.

Consultant will prepare a draft cover letter, executive summary, (detailed) report and a presentation. Consultant’s written report will address Items A – G individually, and discuss the review’s methodology, conclusions, findings, and recommendations, as appropriate. All recommendations must be actionable and implementable by District staff.

Consultant shall provide separate presentations on the final report to the following:

• District’s Executive Team
• District’s Board of Directors or the Board’s Finance Committee, as determined by District executive management

**Submission:** Proposals uploaded to ntmwd.bonfirehub.com by **November 20, 2026, at 2:00 PM CST** will satisfy the bidding requirements. Hard copy proposals must be signed, sealed in an envelope or container, and delivered to NTMWD’s Procurement Department. Unsigned, unsealed or late Proposals will not be considered.

Evaluation

• Company Overview, Qualifications and Personnel Experience (Sections 1 – 2): 25 Points
• Methodology and Approach (Section 3): 30 Points
• Prior Experience Completing Similar Projects (Section 4): 25 Points
• Pricing: 20 Points

**Insurance:** Before a contract can be executed, the successful proposer shall provide evidence of insurance coverage in accordance with the “Insurance Provisions” in SPECIAL PROVISIONS contained within this solicitation document.

**Term:** The term of the agreement shall commence on the date of the last signatory and shall continue until NTMWD's acceptance of the completed project, but no later than December 1, 2027. NTMWD reserves the option to temporarily extend this service for an additional ninety (90) days from its expiration date for any reason.

Proposals shall remain valid during the evaluation process time period including award of the Purchase Order or Contract. This time period is a minimum of 120 days.