Jacksonville Transportation Authority #P-27-001

JTA financial assessment, governance review, and recovery planning

The Jacksonville Transportation Authority seeks an independent firm to assess its finances and develop a practical recovery plan. - Buyer: Jacksonville Transportation Authority (JTA), Administration Department, Jacksonville, Florida. - Engagement: CPA-led financial assessment, governance review, and recovery planning; no specific vendor or OEM is named. - Scope: Establish a reconciled financial baseline; assess the causes of financial deterioration; review budgeting, forecasting, reporting, finance operations, internal controls, governance, and oversight; and conduct targeted transaction, procurement, and grant-management testing. - Key deliverables: An editable 13-week cash-flow forecast, a financial outlook of at least three years with base, downside, and recovery scenarios, an evidence-based timeline, briefings, reports, financial models and registers, Board presentations, and an implementation handoff. - Requirements: Demonstrated experience in governmental finance, public transportation, internal controls, governance, fiscal recovery, and federally funded organizations; Florida-licensed CPA team leads; independence from JTA; and relevant experience and references. Expanded investigations require separate written authorization and an approved scope and price. - Value and term: Fixed base fee capped at $325,000, including expenses. One-year base term with no renewal option; work begins after a Notice to Proceed.

Description

Jacksonville Transportation Authority seeks an independent accounting, auditing, or financial advisory firm to assess its financial condition, investigate the causes and progression of financial deterioration, and review governance and internal controls. The work includes developing a financial recovery roadmap with cash-flow forecasts and multi-year scenarios, as well as an evidence-based timeline of relevant financial events and decisions. The base engagement is for a one-year term with no renewal option, and the maximum base fee is $325,000, including expenses. Proposals must be submitted electronically through the JTA OpenGov Procurement Portal by November 23, 2026.

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