City of Cypress

Buyer seeks a qualified certified public accounting firm to audit its financial statements for three fiscal years beginning with the year ending June 30, 2025, with an option for two additional years. The engagement includes auditing the financial statements of the City, the Cypress Recreation and Park District, and the West Cities Police Communications Center. The auditor must perform all work in accordance with generally accepted auditing standards and Government Auditing Standards. Buyer requires services that will allow it to continue receiving the GFOA Certificate of Achievement for Excellence in Financial Reporting.

• 4/7/2025 - Questions Due
• 4/10/2025 - Responses to Questions Provided
• 4/17/2025 - Proposal Due Date
• 5/1/2025 - City Council Review/Approval
• 5/5/2025 - Oral Interviews (Tentative)
• 6/1/2025 - Implementation Begins

• Must be properly licensed certified public accountants in California
• Must be independent of the City and West-Comm
• Must follow generally accepted auditing standards

• Audit Annual Comprehensive Financial Report (ACFR)
• Audit Cypress Recreation and Park District financial statements
• Audit West Cities Police Communications Center financial statements
• Prepare Single Audit Act report when required
• Test compliance with Proposition 111 (Gann Limit)
• Provide updates on municipal finance developments and GASB pronouncements
• Provide templates/journal entries for GASB 68 compliance
• Prepare management letter with recommendations for control improvements
• Present audit findings to City management and Council
• Maintain working papers for minimum of five years