Audit Services

Background
The City of Albuquerque is seeking proposals from qualified Certified Public Accounting firms to conduct audits of its financial statements, specifically the Comprehensive Annual Financial Report (ACFR) for the fiscal year ending June 30, 2021, with options for two additional years. The audits must comply with U.S. auditing standards and regulations set forth by the U.S. General Accounting Office and the U.S. Office of Management and Budget.

Work Details
The selected auditor will perform a financial and compliance audit covering:

1. Basic Financial Statements including 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 (SI) including combining statements for non-major funds and budgetary statements for non-major funds with legally adopted budgets.

3. Required Supplemental Information (RSI) such as Management Discussion and Analysis (MD&A) and data required by GASB 67 and 68 for defined benefit pension plans.

4. Single Audit of Federal Assistance including an opinion on the fair representation of the City’s Schedule of Expenditures of Federal Awards (SEFA).

5. Special Engagements/Audits including agreed-upon procedures for Transportation Section 15, Passenger Facility Charges, Landfill Financial Assurance, and Impact Fees.

6. Reports to be issued include Independent Auditors' Reports on compliance with generally accepted accounting principles, internal control over financial reporting, compliance for each major federal program, and a schedule of findings and questioned costs.

Period of Performance
The contract is anticipated to last one year with two possible one-year extensions.

Place of Performance
The audit services will be performed in Albuquerque, New Mexico.

Bidder Requirements
Bidders must be included on the 2022 Approved Firm List as per NMAC regulations. They must comply with all applicable laws including civil rights compliance, Americans with Disabilities Act compliance, insurance requirements such as commercial general liability insurance ($2 million per occurrence), automobile liability insurance ($1 million), workers' compensation insurance as per state law, and professional liability insurance ($1 million). Bidders must also submit a Pay Equity Reporting Form or valid Certificate.