City of Monterey

Buyer seeks qualified CPA firm to audit financial statements for three fiscal years beginning with fiscal year ending June 30, 2025, with option to extend for two additional years. The audit must comply with generally accepted auditing standards, GAO Government Auditing Standards, and federal Single Audit requirements. Buyer requires audits of the City's financial statements, component units, and compliance with federal grant requirements. The engagement includes auditing a $197 million budget across all funds with federal expenditures of approximately $171 million.

• 5/30/2025 - Issue request for proposals
• 6/20/2025 - Proposal Due Date
• 7/7/2025 - Conduct interviews with finalists
• 8/3/2025 - Approval of auditor by Council
• 8/18/2025 - Execute contract
• 11/30/2025 - Annual ACFR due

• Independent and licensed to practice in California
• No conflict of interest with City of Monterey
• Submit copy of last external quality control review
• Record of quality audit work

• Audit financial statements in accordance with GAAP
• Perform Single Audit on federal grant expenditures
• Issue reports on internal control structure
• Evaluate compliance with laws and regulations
• Prepare GANN Limit review report
• Issue management letter with recommendations
• Audit Joint Powers Financing Authority financial statements
• Perform final audit for Presidio Municipal Services Agency
• Audit Measure X financial statements
• Provide consultation on accounting and auditing matters