Annual Financial Audit Services

Background
The City of Pontiac is seeking qualified vendors to perform a financial audit of the Annual Comprehensive Financial Report (ACFR) for each fiscal year during the contract term. The goal is to provide independent audit services that ensure accuracy, transparency, and compliance with the City’s financial reporting.

The selected firm will enter a three-year contract with an optional one-year extension based on performance and the City’s needs. This engagement aims to strengthen financial oversight and support the City’s commitment to responsible fiscal management.

Work Details
The selected firm will conduct annual audits for the City of Pontiac, which operates under a charter amended in 1982 and manages various governmental, special revenue, capital, internal service, and custodial funds. The scope of services includes:
1) Performing an independent audit on the City’s financial statements in accordance with U.S. generally accepted accounting principles;
2) Preparing the Annual Comprehensive Financial Report (ACFR), including Management's Discussion and Analysis (MD&A), basic financial statements, notes to the financial statements, required supplementary information, and supplemental schedules;
3) Conducting a focused review of purchasing and accounts payable practices for the 50th District Court;
4) Delivering all reports by specified deadlines;
5) Attending preliminary and post-audit meetings with City administration;
6) Providing working papers and documentation as required by the City;
7) Ensuring compliance with Governmental Accounting Standards Board (GASB) statements.

Period of Performance
The contract will be for three years with an option for one additional year based on performance. The City's fiscal year runs from July 1 through June 30.

Place of Performance
The audits will be conducted at City Hall located at 47450 Woodward Ave., Pontiac, MI 48342.

Bidder Requirements
Bidders must be licensed to practice in Michigan and comply with GAO Government Auditing Standards. They should disclose any professional relationships with the City or its providers within the past five years that may impair independence. Bidders are also required to provide a completed IRS Form W-9 signed within the last thirty days.