Groton Civicplus #08-07-26

Solicitation for Professional Auditing Services for City of Groton and Bozrah Light and Power Company

The City of Groton, Connecticut is seeking proposals for professional financial auditing services for both the City and its component unit, Bozrah Light and Power Company. - Government Buyer: - City of Groton, Director of Finance (Ronald Yuhas) - Scope of Services: - Examination of financial statements for the City and Bozrah Light and Power Company - Assistance in preparing the Annual Comprehensive Financial Report (ACFR) - Preparation of stand-alone financial statements for Bozrah Light and Power - Implementation of applicable Governmental Accounting Standards Board (GASB) statements - Preparation of State and Federal Single Audit Reports - Issuance of a Management Letter with recommendations on internal controls and compliance - Financial counseling and related advisory services - Notable Requirements: - Audits must comply with generally accepted auditing standards, GAO Government Auditing Standards, the Federal Single Audit Act, OMB Circular A-133, and relevant Connecticut statutes - Fixed fees required for audits; hourly rates for additional services - Detailed insurance coverage and affirmative action compliance required - Submission of references and sample reports from prior municipal audits - No specific OEMs or product part numbers are referenced, as this is a professional services solicitation for qualified auditing firms - Contract term is three years with two optional one-year extensions

Description

The City of Groton is soliciting sealed proposals for professional financial auditing services for the City and Bozrah Light and Power Company. The scope includes examination of financial statements for the year ending June 30, 2026, in accordance with generally accepted auditing standards and relevant federal and state audit acts. The auditing firm will assist in preparation of financial reports, implementation of accounting standards, and preparation of single audit reports. The contract period is three years with options for two one-year extensions, and audits must be completed by specified deadlines.

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