Milford Civicplus #58

City of Milford Auditing Services Solicitation (FY 2024–2028)

The City of Milford, Delaware is seeking proposals from certified public accounting firms for comprehensive auditing services covering fiscal years 2024 through 2028, with the option for up to two additional one-year extensions. - Government Buyer: - City of Milford, Delaware - Offices: City Clerk's Office, Finance Department, Mayor and City Council - Services Requested: - Financial statement audits for fiscal years 2024, 2025, 2026, 2027, and 2028 - Drafting and preparation of financial statements as a distinct line item - Examination of internal controls and federal compliance audits - Review and communication of current and pending GASB guidance - Annual meetings with City Council and development of detailed audit plans - Review of the City's Annual Comprehensive Financial Report (ACFR) - Technical Environment: - City uses Tyler Technologies for general ledger, HR, billing, and property tax - Central Square is used for payroll and utility billing - Notable Requirements: - All key staff must be licensed CPAs in Delaware (or eligible via reciprocity) - Preference for firms with municipal or public utility experience - Insurance minimums and references from municipal clients required - Separate cost proposal for drafting financial statements - City expects to close on an $8 million USDA loan during the period - No federal Single Audit required for FY 2026 - Place of Performance: - City of Milford, 201 S. Walnut Street, Milford, DE 19963 - Onsite audit team presence anticipated for several days per year

Description

The City of Milford is seeking proposals from qualified certified public accounting firms to provide auditing services for the fiscal years ending June 30, 2026, 2027, and 2028, with potential extensions. The scope includes auditing the City's financial statements in accordance with generally accepted auditing standards, examining internal controls, and issuing various reports including compliance and federal awards reports. Additional services requested include communication with governance, review of GASB guidance, meetings with City Council, and preparation of audit plans and reports. The City reserves the right to award contracts to multiple firms or none, and proposals are due by May 15, 2026.

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