California eProcure #CSFA02-26

CSFA Solicits Accounting Services for GAAP/GASB Financial Statement Conversion

This opportunity is issued by the California School Finance Authority (CSFA), a state-level agency responsible for managing financial programs for California charter schools and related entities. - The CSFA seeks proposals from certified public accounting firms for specialized accounting services. - Services include assisting with conversion entries to transition CSFA's financial statements from Budgetary Legal Basis to compliance with GAAP (Generally Accepted Accounting Principles) and GASB (Governmental Accounting Standards Board) standards. - Tasks involve preparing reconciliation workbooks, journal entries, reviewing Management Discussion and Analysis letters, providing general accounting advice, and supporting the implementation of GASB and FASB standards. - No specific OEMs or commercial vendors are named; the requirement is for professional accounting services, not a branded product. - Notable requirements: - Firms must have relevant governmental accounting experience and be certified public accounting firms. - The contract is valued up to $30,000 for a two-year term, with an option for a one-year extension. - Services will cover audit periods for fiscal years ending June 30, 2026 and 2027. - The CSFA manages over $7 billion in loan and grant programs, highlighting the scale and importance of accurate financial reporting.

Description

This Request for Proposals (RFP) No. CSFA02-26 is issued by the California School Finance Authority (CSFA) seeking accounting services. The scope includes assistance in completing Conversion Entries to bring CSFA's Budgetary Legal Basis financial statements to GAAP/GASB standards. This is to fulfill CSFA's obligations under Government Code sections 5871 and 5872 and meet the Office of the State Controller's minimum auditing requirements. The solicitation invites qualified firms to submit proposals in compliance with the provided instructions.

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