AUD21-25 - 2021 PROFESSIONAL AUDITING SERVICES - City and County of Denver

This Request for Proposals (“RFP”) seeks proposals from qualified firms of certified public accountants (“audit firms”) to audit the City and County of Denver’s (“CCD,” “City,” or “Denver”) financial statements for the five fiscal years ending Dec. 31, 2021, through Dec. 31, 2025. This RFP details the scope of the engagement and the nature of the services required, the reports or other items to be delivered under the engagement, and the format to be used for all proposals in response to this RFP.
Proposals submitted will be evaluated by Denver’s Audit Committee, including Committee Chairman and Denver Auditor Timothy M. O’Brien, CPA. The Audit Committee is seeking proposals from qualified audit firms that have specific experience in the areas identified in this RFP. To be eligible for consideration, the proposer must be capable of meeting all requirements specified in this RFP, including the capability to provide audit services remotely if necessary.
Denver Charter Section 5.2.2 directs the Denver Audit Committee to commission the annual independent audit of CCD’s finances, to be conducted in accordance with generally accepted government auditing standards. The Audit Committee supervises the work of the independent external auditor. Denver Revised Municipal Code Section 20-280 specifies an independent, well-qualified, nationally recognized external auditor for selection by the Audit Committee. The independent external auditor presents audits to the Audit Committee for review and comment before they are finalized, and the final reports are issued to the Audit Committee. Total estimated audit cost for the 2020 audits is about $1 million.

The audit services summary scope of work includes, as of and for the years ending Dec. 31, 2021, through Dec. 31, 2025:

1. An audit of and opinion on the basic financial statements of the City and County of Denver in the Comprehensive Annual Financial Report (“CAFR”) and reports on compliance and internal controls over financial reporting.
2. A single audit on the compliance requirements applicable to each of CCD’s major federal award programs and reports on internal controls over compliance and on the schedule of expenditures of federal awards.
3. An audit of and opinion on the stand-alone basic financial statements of Denver International Airport (“the Airport”)’s Airport System Enterprise Fund in its Annual Financial Report and reports on compliance and internal controls over financial reporting, as well as reports on the Schedule of Passenger Facility Charge Collections and Disbursements and compliance with and internal controls over requirements applicable to the Passenger Facility Charge program.
4. An audit of and opinion on the stand-alone basic financial statements of the Wastewater Management Enterprise Fund and reports on compliance and internal controls over financial reporting.
5. An audit of and opinion on the stand-alone basic financial statements of the Deferred Compensation Plan Trust Fund and reports on compliance and internal controls over financial reporting.