Tucson Opengov #264246

Outsourced Accounting and Audit Services for Affordable Housing Operations (City of Tucson / EPHD)

This opportunity is for accounting firms to provide outsourced accounting and financial management services to El Pueblo Housing Development (EPHD), a nonprofit subsidiary of the City of Tucson focused on affordable housing. - Government Buyer: - El Pueblo Housing Development (EPHD), a subsidiary of the City of Tucson's Housing and Community Development Department - Scope of Services: - Comprehensive outsourced accounting services for affordable housing operations - Audit services, with the option for firms to propose either or both services - Financial management services - Funding Sources: - EPHD utilizes diverse funding, including LIHTC equity, HOME, CDBG, ARPA/SLFRF, Arizona Department of Housing funds, tax-exempt bonds, vouchers, philanthropic sources, and other public/private capital - Unique/Notable Requirements: - If a single firm proposes both accounting and audit services, strict independence safeguards are required: - Separate engagement teams and partners for each service - No audit team member may prepare accounting records subject to audit - Annual written independence representation - Submission of the most recent external peer review report - EPHD management retains responsibility for financial statements and must designate a qualified individual to oversee accounting services - No specific OEMs or vendors are named; solicitation is open to all qualified accounting firms

Description

El Pueblo Housing Development (EPHD), a nonprofit subsidiary of the City of Tucson, is seeking proposals from qualified accounting firms to provide comprehensive outsourced accounting and financial management services. Proposers may submit for accounting services, audit services, or both, with strict independence safeguards required if both services are provided by a single firm. The safeguards include separate engagement teams and partners for accounting and audit services, no audit team member preparing accounting records subject to audit, and annual written independence representation. EPHD manages affordable housing financing and development using various public and private funding sources.

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