California Educational Facilities Authority

Buyer seeks a qualified certified public accounting firm to audit financial statements of assets in their Bond Financing Program Fund. The audit includes complete operating and financial statements and assessment of internal controls. Buyer requires auditing services to fulfill obligations under Government Code Sections 5871 and 5872. The contract will cover audits for fiscal years ending June 30, 2025, 2026, and 2027.

• 5/2/2025 - Questions Due
• 5/7/2025 - Responses to Questions Posted
• 5/16/2025 - Proposal Due Date
• 5/23/2025 - Notice of Intent to Award
• 7/1/2025 - Contract Start Date

• Office established in the State of California
• Qualified to do business in California with licensed accountants
• Professional certified public accounting firm in business for at least 3 years
• Conducted 5 audits of California governmental agencies within last 4 years
• Sufficient staff to meet tight deadlines

• Perform audit of CEFA's Bond Financing Program Fund for three fiscal years
• Evaluate internal controls in accordance with auditing standards
• Disclose fees imposed on borrowers by or on behalf of CEFA
• Disclose expenditures related to fees made by CEFA
• Confirm assets held by CEFA
• Disclose amount of bonds authorized but unsold
• Disclose amount of bonds issued and outstanding
• Prepare financial statements including Statement of Operations and Assets/Liabilities
• Prepare a Management Letter
• Complete SCO's Special Districts Financial Transactions Report