Agency: San Bernardino Associated Governments
Contact: Hilda Flores (hflores@sanbag.ca.gov)
Phone: 909-884-8276
Deadline: 03/02/2012
More: RFP Detail Online

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Scope of Services:
San Bernardino Associated Governments (SANBAG) is requesting proposals from qualified certified public accounting firms to audit its financial statements beginning with the Fiscal Year ending June 30, 2012. SANBAG requires an audit of its Comprehensive Annual Financial Report in accordance with generally accepted accounting principles and the governmental auditing standards as promulgated by the Comptroller General of the United States. Additionally, this audit should include compliance with covenants and related testing as required by indenture for SANBAG’s Sales Tax Revenue Bonds.
Auditing Standards to be Followed-
The audit shall be performed so as to satisfy the audit requirements in accordance with the generally accepted government auditing standards set forth for the financial audits in the General Accounting office’s (GAO) Government Auditing Standards (1994), the Single Audit Act of 1984, as amended, and U.S. Office of Management and Budget (OMB) Circular A-133 and OMB’s Compliance Supplement titled Uniform Requirements for Grants to State and Local Governments.
Reports to be Issued –
Following the completion of the audit of the fiscal year’s financial statements, the Auditor shall issue the following reports and letters:
1. Independent Auditor’s Report on Comprehensive Annual Financial Report (CAFR);
2. Independent Auditor’s Single Audit Report;
3. Local Transportation Fund (LTF) Financial and Compliance Report
4. State Transit Assistance Fund (STAF) Financial and Compliance Report
5. Report on Applying Agreed Upon Procedures for Appropriations Limit Calculation
6. Audit Committee Letter
7. Management Letter (if required)
Additional Considerations –
1. SANBAG will complete its first CAFR for FY 11-12, and the Auditor is expected to provide information to SANBAG to ensure completeness of report.
2. It is expected that the Auditor shall keep SANBAG informed of new state and Federal
RFP 12-193 Auditing Services Page 3
Developments affecting municipal and local government finance. Additionally, reporting standards and trends including changes in federal or state grant program accounting and reporting requirements shall be communicated to SANBAG.
3. SANBAG may require other generalized auditing requirements as needed by SANBAG.
SCHEDULE –
Annual audit schedule, subject to change:
May/June – Interim field work
September/October – Year-end field work
October/November – Review drafts of all reports and finalize them by month-end
November/December – Financial statements presented to Audit Committee and Administrative Committee
December/January – Financial statements presented to the SANBAG Board of Directors
* Note: Auditors should be prepared to attend meetings as requested:

  • Audit Committee meetings (Normally held twice a year – end of interim work and end of year-end to present financial reports),
  • Administrative Committee meetings (Held after the Audit Committee meetings. The meetings are held on the second Wednesday of the month), and
  • Board of Directors meetings (held on the first Wednesday of the month).