RFP - Municipal Audit Services

RFP - Municipal Audit Services The Port of Newport invites qualified public accounting firms to submit proposals to provide independent financial audit services for the Port for an initial five year period, beginning with the FY 2025 2026 financial statements, with two optional five year extensions. Proposals should address the following services: 1. Annual Financial Audit - Conduct an annual financial audit for the fiscal year ending June 30, 2026, in accordance with all applicable professional standards and regulatory requirements. 2. Single Audit - When the Federal threshold for a single audit has been exceeded, provide a single audit. 3.Reporting and Filing Requirements - Complete the audit in time to meet the December 31 filing deadline. File required reports with the Oregon Secretary of State, Audits Division. Provide final Journal entries and Trial balance to Port. Optional: 1. Prepare consolidated financial statements. 2.The Port is open and is prepared to perform to preaudit work to reduce the amount of workload during the actual audit. - 4.Port Responsibility - The Port will provide the grouping of financial accounts for the consolidated financial statements. All audit work shall be coordinated through the Director of Finance. 5. Governance and Communication - Each year communicate the staff members names that will be involved in audit and their role. Each year provide the Port with an audit calendar which includes timelines. This ensures that the auditors will receive the required documentation in a timely manner. Present the finalized audit report at a Port Commission Meeting. 6. Multi Year Commitment - Include proposed fees for audits covering the following periods: Fiscal year ended June 30, 2026. We anticipate a 5-year commitment from both parties.