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Florida State Board of Administration (SBA)·Florida

Audit and Accounting Services for the Florida Prepaid College Board, Stanley G. Tate Florida Prepaid

Closes 4/30/2027$300k – $800kRequest for Proposal
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Description

The State Board of Administration (SBA) on behalf of the Florida Prepaid College Board, its Foundation, and Florida ABLE, Inc. seeks a qualified public‑accounting firm to provide comprehensive audit and accounting services. The contract will commence with the fiscal year ending June 30 2027 and will include annual financial statement audits (including a single audit for ABLE United) and special consulting/advisory services on financial, accounting, and audit matters. Respondents must meet strict CPA licensing and experience requirements, submit a single electronic response by January 6 2027, and will be evaluated on organizational experience, audit approach, consulting capability, and price. • Perform annual GAAP and GAGAS audits for three entities (Board, Foundation, ABLE United) with FY‑end June 30. • Deliver audit opinions, internal‑control reports, and a state single audit for ABLE United. • Provide ongoing special consulting and advisory services while maintaining auditor independence. • Submit a detailed pricing schedule (audit services and hourly consulting rates) for evaluation. • Mandatory qualifications: CPA‑licensed engagement partner with ≥5 years relevant experience, Florida public‑accounting registration, no conflicts of interest. • Key dates: Clarification deadline Nov 13 2026, response deadline Jan 6 2027, award notice Mar 2027, contract effective Apr 2027. • One‑page electronic submission to [email protected]; only one response per firm allowed.

Attached files

Contact

Shanna Rains(ITN Administrator)

[email protected]

(850) 488-8514

Key dates

Opened
10/26/2026
Questions due
11/13/2026
Closes
4/30/2027

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541211
Solicitation №
ITN 26-03

Budget estimate

$300,000 – $800,000

The contract will cover three separate annual audits plus ongoing advisory services. Based on comparable state‑level audit contracts for similar nonprofit/government entities, annual audit fees typically range from $80,000 to $150,000 per entity, plus an hourly consulting component (estimated $30–$70 per hour). Assuming a five‑year contract, total award value is likely between $300,000 and $800,000. Factors influencing the final amount include the firm’s pricing strategy, the complexity of each entity’s financial statements, and the volume of advisory hours required.

AI estimate from the solicitation

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