City of Elgin Ionwave #RFP 26-031 Addendum 1

City of Elgin Solicits Proposals for Professional Auditing Services

The City of Elgin, Illinois, is seeking proposals for professional auditing services for its financial statements. - Government Buyer: - City of Elgin, Finance Department - Chief Financial Officer's Office - Services Requested: - Comprehensive audit of the City's financial statements for the fiscal year ending December 31, 2026 - Option for up to four additional one-year renewals - Includes single audit (federal compliance) if federal grant funding exceeds $1 million - Preparation of financial statements and Annual Comprehensive Financial Report - Compliance with U.S. GAAS, Government Auditing Standards, and federal/state requirements - Internal control assessments and required compliance reports - Notable Requirements: - Firms must demonstrate qualifications, independence, and experience with municipal audits - Use of CentralSquare NaviLine (financial software) and Municipal Asset Management (MAM) for capital assets - Major federal programs audited may include the Drinking Water State Revolving Fund (ALN 66.468) - Not-to-exceed fee structure - On-site fieldwork by 3-5 auditors for preliminary and final phases - Adherence to local purchasing preferences, affirmative action, and prevailing wage laws - No specific OEMs or product vendors are named, as this is a professional services procurement

Description

The City of Elgin is requesting proposals from qualified firms of certified public accountants to audit its financial statements for the fiscal year ending December 31, 2026. The scope includes auditing the City's financial statements and related services as detailed in the RFP documents. Proposals must be submitted electronically via the City's web portal by August 14, 2026, at 3:00 PM CT. The City reserves the right to reject any or all proposals or parts thereof and to waive informalities if deemed in the City's best interest.

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