Seattle Park District Opengov #257667

Seattle Public Utilities Seeks Annual Financial and IT Audit Services (2026-2032)

Seattle Public Utilities (SPU) is seeking proposals from external auditing firms for a comprehensive seven-year financial audit contract covering 2026 to 2032. - Government Buyer: - Seattle Public Utilities (SPU), City of Seattle - Services Requested: - Annual financial audits of SPU's three major funds: - Water Fund - Solid Waste Fund - Drainage & Wastewater Fund - Includes review of statements of net position, revenues, expenses, changes in net position, and cash flows - IT audit of SPU's financial and operational systems: - Systems include Oracle PeopleSoft, Workday, MAXIMO, and CCB - Review of agreed-upon procedures for wholesale contracts - One-time joint audit and cost reconciliation for the Ship Canal Water Quality Project (in partnership with King County) - Notable Requirements: - Audits must comply with Generally Accepted Government Auditing Standards (GAGAS), GASB, and FASB standards - Firms must demonstrate experience with complex municipal financial systems and integration with multiple enterprise applications - Ability to adapt to anticipated system upgrades and process changes during the contract period - Estimated Contract Value: - $3,500,000 for the seven-year period - No specific OEMs or vendors are named in the solicitation - Place of Performance: - Seattle Public Utilities, Seattle, WA

Description

The City of Seattle is seeking proposals for the SPU Annual Financial Audit covering the years 2026 to 2032. The contract involves auditing Seattle Public Utilities' three funds, conducting an IT audit of systems, reviewing agreed upon procedures for wholesale contracts, and performing a one-time joint audit related to the Ship Canal Water Quality Project. The audits will be conducted in accordance with Generally Accepted Government Auditing Standards (GAGAS). The estimated budget for this seven-year contract is $3,500,000.

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