Lake Tahoe Unified School District Planet bids #RFP# 2026-08-03

Consulting Services for Governmental Accounting and Financial Reporting (GASB Compliance)

The City of South Lake Tahoe Finance Department is seeking a consultant for governmental accounting technical and financial reporting services. - Government buyer: City of South Lake Tahoe, Finance Department - Services requested: - Professional consulting for complex governmental accounting matters - Implementation and compliance support for Governmental Accounting Standards Board (GASB) pronouncements, specifically: - GASB 72 (Fair Value Measurement and Application) - GASB 87 (Leases) - GASB 96 (Subscription-Based Information Technology Arrangements) - GASB 101 (Compensated Absences) - Support for future GASB standards - Assistance with lease accounting, subscription-based IT arrangements, compensated absences, fair value analyses, audit support, and State Controller's Office annual reporting - Preparation of supporting documentation and schedules for reliable financial reporting - Notable requirements: - Demonstrated expertise in complex governmental accounting - Ability to provide ongoing advisory services for new and existing GASB standards - Experience supporting municipal financial reporting and compliance - Potential vendors (consulting firms) mentioned as likely competitors: - Badawi & Associates - Crowe LLP - Eide Bailly LLP - Ernst & Young U.S. LLP - Forvis Mazars LLP - The Pun Group LLP - Vasquez & Company LLP - Weaver and Tidwell LLP - Contract structure: - Initial one-year term, with up to two one-year extensions possible based on performance and budget

Description

The City of South Lake Tahoe is seeking professional governmental accounting technical consulting services to assist the Finance Department with complex accounting matters, implementation of Governmental Accounting Standards Board (GASB) pronouncements, and preparation of supporting documentation for accurate financial reporting. The consultant will provide expertise, research, analysis, and recommendations related to governmental accounting, including compliance with GASB Statement Nos. 72, 87, 96, and 101, as well as future GASB standards. Proposals must be submitted electronically via the PlanetBids portal by August 3, 2026, 5:00 PM PST.

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