James Madison University #FDC-1008

Annual Auditing Services for WMRA Radio Station at James Madison University

James Madison University (JMU) has awarded and continues to renew a contract for professional auditing services for its WMRA Radio Station. - Government Buyer: - James Madison University (JMU), Procurement Services - Key contacts: Doug Chester (Buyer Senior), Shanna Devers (Lead Commodity Contract Officer), Jeremy Good - OEMs and Vendors: - PBMares, LLP (Certified Public Accounting firm; primary and only vendor) - Products/Services Requested: - Annual financial statement audits for WMRA-FM Radio Station (GASB/GAAP compliant) - Preparation of management letters and governance reporting - Attestation and support for Corporation for Public Broadcasting (CPB) reporting and ISIS system submission - Consulting and advice on financial and compliance matters (including tax-exempt and public broadcasting issues) - Up to 12 hours per year of general business/financial advice - Quantities and Pricing: - One annual audit per year - Annual contract value has ranged from approximately $19,313 to $22,435.73 per year, with price adjustments based on CPI-W 'other services' index - Unique or Notable Requirements: - Contractor must have experience with Governmental Accounting Standards Board (GASB) and public broadcasting audits - Attendance required at JMU Board of Visitors audit meeting to answer audit questions - Contractor may assist with drafting financial statements and entering data into CPB’s ISIS system, but cannot perform management functions - Criminal background checks required for personnel on JMU property - Contract renewals and performance are contingent on the availability of federal funds - Invoices must be submitted within 60 days after the renewal term expiration; late invoices will not be processed

Description

James Madison University (JMU) is soliciting proposals for auditing services for WMRA-FM Radio, a department of JMU. The contract is for one year with an option to renew for nine additional one-year periods. The selected contractor must be a qualified CPA experienced in GASB accounting and public broadcasting audits, capable of meeting the audit requirements including compliance with Corporation for Public Broadcasting (CPB) funding criteria. The scope includes auditing financial statements, providing management letters, and consulting on financial matters as needed.

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