Audit Services

Background
The City of Albuquerque is seeking proposals from qualified Certified Public Accounting firms to conduct an audit and express an opinion on the City’s Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2026. This contract may be extended for two additional fiscal years. The City operates under a mayor-council form of government, serving approximately 560,000 residents with an annual operating budget of about $1.5 billion across 28 departments. The Department of Finance and Administrative Services centrally administers financial functions including grant management, payroll, and vendor payments.

Work Details
The selected auditor will perform the following services: conduct a financial and compliance audit of the City’s financial statements and those of its component unit, the City of Albuquerque Foundation, for the fiscal year ending June 30, 2026. The audit will include:

1. Basic Financial Statements: Wide financial statements, fund financial statements, budgetary comparison statements for the general fund, major special revenue funds, major proprietary funds, and notes to the financial statements.

2. Supplemental Information: Combining statements for non-major funds and budgetary statements for non-major funds with legally adopted budgets.

3. Required Supplemental Information (RSI): Management Discussion and Analysis (MD&A), RSI data required by GASB 67 and 68 for defined benefit pension plans, and GASB 75 for other post-employment benefit plans.

4. Single Audit of Federal Assistance: Audit of federal grant awards received by the City including a review of its component unit.

5. Special Engagements/Audits: Agreed Upon Procedures related to Transportation Section 15, Passenger Facility Charges at Albuquerque International Sunport, landfill financial assurance estimates, and impact fees.

6. Reporting Requirements: Independent Auditors' Reports on fair presentation in conformity with GAAP, internal control over financial reporting, compliance with federal programs, findings and questioned costs.

Period of Performance
The contract will commence upon award and is expected to last one year with options to extend for two additional one-year terms.

Place of Performance
City of Albuquerque, New Mexico.

Bidder Requirements
Offerors must be included on the 2026 Approved Firm List published by the City. Proposals must include a Pay Equity Reporting Form as per local regulations. Offerors must comply with all applicable laws including insurance requirements as specified in the RFP.