Professional Auditing Services

The City of Rock Hill is seeking a qualified company to provide professional auditing services for the fiscal year ending June 30, 2027, with the option to audit the City's financial statements for each of the three subsequent fiscal years. The audit will encompass a financial and compliance examination of the City's Annual Comprehensive Financial Report (ACFR) in accordance with the laws and regulations of the State of South Carolina. The selected company will be required to provide an audit report on the fair presentation of the basic financial statements, a report on compliance and internal control over financial reporting, and a report on compliance with requirements applicable to each major federal financial assistance program. Key points to consider: • The City uses various fund types and account groups in its financial reporting, including general fund, special revenue funds, capital projects funds, and enterprise funds. • The City participates in several pension plans, including the South Carolina Retirement System and the South Carolina Police Officers Retirement System. • The City has a total payroll of approximately $100 million covering roughly 1,000 full-time employees. • The City's financial statements are prepared on the modified accrual basis, which is consistent with the basis of accounting for its general fund. • The City does not maintain an internal audit function. • The City's computer systems are operated by the City's Information Technology Department, and some minor internally written software packages are still used. • The audit must cover federal, state, and local funding sources in accordance with generally accepted auditing standards. • The City has determined that the United States Department of Housing and Urban Development will function as the cognizant agency in accordance with the provisions of the U.S. Office of Management and Budget (OMB) Uniform Guidance. • The selected company will be required to provide special assistance to the City to meet the requirements for the Government Finance Officers Association's Certificate of Achievement for Excellence in Financial Reporting program. • The City intends to promote the use of local businesses and hire citizens living within the local Rock Hill/York County area when possible.