Auditing Services

City of Neptune Beach

Buyer seeks qualified CPA firms to audit financial statements for fiscal years 2025-2027, with option to renew for two additional years. Audits must be performed in accordance with government standards and GAAS. Buyer provides general government, public works, public safety, water and sewer, sanitation, and stormwater services to residents. The engagement will include examination of financial statements, internal controls review, and compliance reporting.

• 6/20/2025 - Distribute Request for Proposals
• 7/18/2025 - Deadline for Receipt of Proposals
• 7/18/2025 - Proposal Due Date
• 8/25/2025 - Notification of firms selected for interviews
• 8/29/2025 - Interview and approval by Selection Committee

• Certified Public Accountants
• Experience with governmental and utility audits
• No joint proposals or subcontracting permitted
• External quality review (peer review) record

• Audit financial statements in accordance with GAAS and government standards
• Express opinion on fair presentation of financial statements
• Submit management letter identifying internal control weaknesses
• Prepare adjusting journal entries for government-wide financial statements
• Prepare single audit report if necessary
• Submit weekly status updates on potential audit adjustments
• Review Annual Financial Report for Department of Financial Services
• Provide technical advice on accounting and tax issues
• Issue comfort letters for bond sales if requested
• Attend up to two public meetings to discuss audit reports
• Make work papers available to Finance Department and subsequent auditors
• Prepare and print all financial statements and required reports
• Provide proofreading assistance for Management Discussion and Analysis
• Deliver fifteen copies plus electronic version of final report
• Notify City of any disciplinary actions or regulatory complaints
• Complete audit by May 31 each year
• Submit draft recommendations to strengthen internal controls by April 30
• Submit management letter by April 15
• Provide final audit adjustments by March 31
• Assist with GASB and CAFR Certificate of Achievement requirements