City of Cayce Request for Proposals for Professional Auditing Services
The City of Cayce invites qualified firms of certified public accountants to submit proposals to provide annual audit and financial statement preparation services to the City based upon the scope of work contained in this Request for Proposals including, but not limited to, the audit of governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information, including the related notes to the financial statements, which collectively comprise the basic financial statements of the City as of and for the fiscal year then ended. These statements will include the budgetary comparison information for the General Fund. In addition, the auditor will subject the combining and individual funds statements and schedules, the schedule of expenditures of federal awards (SEFA), and the S.C. Uniform Schedule of Court Fines, Assessments and Surcharges to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America and will provide an opinion on it in relation to the financial statements as a whole. Certain limited procedures will be applied to the City’s required supplementary information (“RSI”) in accordance with auditing standards generally accepted in the United States of America, but will not be audited and therefore, have no opinion expressed on this information. The RSI includes the Management’s Discussion and Analysis (MD&A) that will be prepared in part by the auditor and in part by the Finance staff; the Schedule of Proportionate Share of the Net Pension Liability; the Schedule of Contributions; the Schedule of Funding Progress – Other Post-Employment Benefits Plan; and the budgetary comparisons for any other funds that have an annual adopted budget for the fiscal year then ended. The City Finance Director and staff will prepare the Introductory Section and the Statistical Section, if included, whose content will not be subject to auditing procedures. These audits are to be performed in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards issued by the Comptroller General of the United States.
Receipt of Proposals:
The City of Cayce invites proposals until 4:00 pm EST, July 16, 2021 from qualified firms.
Point of Contact:
Kelly McMullen, City Treasurer
1800 12th Street
Cayce, SC 29033
Questions must be submitted by 4:00 pm on June 25, 2021. Questions submitted later may not be answered.
Request for Proposals Issued - June 4, 2021
Notice of Intent to Respond Due Date - June 18, 2021
Questions/Clarifications Due - June 25, 2021
Responses to Questions Distributed – July 2, 2021
Proposals Due - July 16, 2021
Interviews of Selected Banks - July 21-22, 2021
Intent to Award - July 27, 2021
City Council Approval - August 3, 2021
**Last Updated: 06/04/2021**
Updates and Amendments to RFP Information:
The City will make every effort to notify prospective bidders of any changes or amendments made to the RFP or the RFP Schedule. In order to guarantee that all prospective bidders receive the updated documentation as soon as possible, please submit the “Intent to Propose” form (attachment 1 in the RFP document) and return it no later than June 18, 2021. The City will utilize all contact e-mail addresses obtained from this form to notify prospective banks of any changes or amendments that have been uploaded onto the RFP website.
This article was originally published on Friday, June 4, 2021.