PROVIDE AUDIT SERVICES

The City of Rocky Mount is seeking proposals for a single audit of the entity’s governmental and business-type activities, each major fund, the remaining fund information, and the compliance audit of the City’s federal and state award programs for the period ending 6/30/2027. The audit services include related notes to the financial statements collectively comprising the City’s basic financial statements. The successful vendor will be responsible for drafting financial statements, performing a financial and compliance examination, and providing audit services in accordance with the laws and regulations of the State of North Carolina. Some key requirements include: * The vendor must have experience in performing governmental audits and must be registered with the North Carolina State Board of CPA Examiners. * The vendor must provide a list of current and prior government audit clients, indicating the type of services performed and the number of years served for each. * The vendor must describe their audit organization’s participation in AICPA-sponsored or comparable quality control programs. * The vendor must provide the professional experience and educational background of each person assigned to the audit. * The vendor must provide names, addresses, and telephone numbers of personnel of current and prior governmental audit clients who may be contacted for a reference. Some key information about the project includes: * The City has a total of 759 full-time and 364 part-time employees. * The City has 17 departments. * The City has a bi-weekly payroll frequency. * The City has an average of 1169 payroll direct deposit advises and 15 payroll checks per bi-weekly pay period. * The City has a total of 33,152 tax bills issued (without motor vehicles) and a total dollar amount of the most recent year’s collections of $33,684,561.00. * The City has a total of 29,513 electric customers, 17,012 gas customers, 26,132 water customers, 23,589 sewer customers, and 25,421 stormwater customers. * The City has an average annual sales of $79,111,961.00 for electric, $22,253,728.00 for gas, $13,311,890.00 for water, $15,140,342.00 for sewer, and $4,150,000 for stormwater. * The City has a total of 4,124 purchase orders issued annually and 27,000 invoices paid. * The City has 10 bank accounts, 2 investment accounts, and 3 escrow accounts. * The City has an average monthly activity of 300 deposits and 1,000 checks/withdrawals in the main accounts. * The City has various financial applications on the computer system, including General Ledger, Accounts Payable, Payroll, Capital Assets, Accounts Receivable, Taxes Receivable, Purchasing, Inventory, and Permits. * The City has a separate computer system for Utility Billing. * The City has special conditions, including the County billing and collecting motor vehicle tax, the City being located in two counties, and the City having an Event Center operated by The Sports Facilities Company.