Auditor

General Information for Vendors The City of Clyde, Texas ("the City") is inviting Statements of Qualifications (SOQ) from qualified, certified public accounting firms to perform the City’s annual audit, issue opinions on the related financial statements, and provide other auditing services for the fiscal year ending September 30, 2026. The audit may be renewed annually for up to five years at the City’s discretion. The audit will cover the Annual Financial Statements and may include a Single Audit for federal funds; a Single Audit for state funds may also be required. The selected firm must comply with all applicable Generally Accepted Auditing Standards (GAAS), Generally Accepted Government Auditing Standards (GAGAS), Governmental Accounting Standards Board (GASB) pronouncements, and the requirements of 2 CFR Part 200 Subpart F. The final audit report must be presented to City Council at the regularly scheduled meeting before March 31, 2027. The City reserves the right to accept or reject any and all proposals and to negotiate terms to meet its best interests. Scope of Services Audit Standards: Generally Accepted Auditing Standards (GAAS) issued by the AICPA. Government Auditing Standards issued by the Comptroller General of the United States. Provisions of 2 CFR Part 200 Subpart F for Single Audits. Texas Single Audit Circular (if applicable). GASB pronouncements and applicable State of Texas regulations. Required Reports Independent auditor’s report on the fair presentation of the City’s financial statements. Report on internal control over financial reporting and compliance. Single Audit report covering major federal and state grant programs (if applicable). Schedule of findings and questioned costs. Additional Considerations Provide cost of preparing the Financial Statement, ensuring all disclosures comply with GASB and state requirements. Evaluate the City’s compliance with the Texas Public Funds Investment Act. Provide technical assistance on new audit and accounting standards impacting the City. Maintain accessibility to the City on accounting matters as they arise, including upcoming GASB pronouncements. Auditor must be able to access the City’s financial system (Tyler Incode 9, if applicable) to select and document audit samples, retrieve supporting documentation, and review financial transactions and reports directly. Read-only access will be provided. No subcontracting is allowed without express prior written consent of the City. Firm Qualifications and Experience Licensed to practice in Texas. At least five years of experience performing municipal government audits, including Single Audits. Recent experience with at least three municipalities of comparable size. Recent experience with ACFR preparation and GASB compliance, including preparation of ACFR where a GFOA Award for Excellence in Financial Reporting was awarded. Schedule for 2026 Fiscal Year Audit Detailed Audit Plan—Required information and schedules to be prepared by the client and delivered no later than August 15, 2026. Interim Work—Completed no later than mid-September. Fieldwork—Begin around or immediately after Thanksgiving and complete before the Christmas holiday. Early January—Planning Meeting and Communication Protocols for ACFR preparation. File and present Financial Statements to City Council at the regularly scheduled meeting in February 2027. Selection Criteria Experience and Qualifications (20%) – Depth of experience with municipal audits, ACFRs, and Single Audits. Understanding of City Needs (30%) – Demonstrated knowledge of Clyde’s financial operations and applicable regulations. Audit Approach and Timeline (40%) – Work plan, methodology, and ability to meet deadlines. Cost Proposal (10%) – Competitive pricing and transparency of costs. #J-18808-Ljbffr Gfoat