City of Loveland

Buyer seeks a qualified CPA firm to perform annual financial and compliance audits for the City and the Northern Colorado Regional Airport. The engagement is for the fiscal year ending December 31, 2025, with the possibility of renewal for four subsequent years. Services include auditing financial statements, conducting Single Audits, and reviewing compliance with federal regulations. The auditor must follow generally accepted auditing standards and government auditing standards.

• 6/13/2025 - Question deadline
• 6/19/2025 - Answers posted
• 6/26/2025 - Proposal Due Date
• 8/19/2025 - Council recommendation
• 9/10/2025 - Contract execution
• 10/13/2025 - Audit commencement

• Independence from the City and Airport
• Licensed to practice in Colorado
• Experience with local government auditing
• Experience with federal Single Audit requirements
• Recent external quality control review

• Perform annual financial audits for City and Airport
• Conduct Single Audit of federal assistance programs
• Audit Schedule of Passenger Facility Charges for Airport
• Issue opinion on financial statement presentation compliance
• Evaluate internal controls and compliance with regulations
• Present findings to City Council and advisory commissions
• Audit component units including urban renewal and fire authorities
• Review ACFR for GFOA Certificate of Excellence eligibility
• Provide management letter with recommendations for improvements
• Audit joint ventures with other governmental entities