Project Information

Bid Title

Request for Proposals: Annual Financial Statement Audit

Issuing Agency

City of Winooski

Location

Vermont

Published Date

Jan 5, 2026

Closing Date

Feb 27, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Bid Title:	Request for Proposals: Annual Financial Statement Audit
Category:	RFPs, RFQs and Bids
Status:	Open

Description: The City of Winooski (the City) invites qualified, independent Certified Public Accountants, licensed to practice in the State of Vermont, to submit proposals to conduct an annual audit of its financial statements for the fiscal year ending June 30, 2026. The City anticipates entering a one-year contract for FY2026, with the option to renew for up to two additional one-year terms (FY2027 and FY2028), subject to satisfactory performance, continued need, and annual appropriation. All proposals must conform to the specifications outlined below. The deadline for submitting Proposals is Friday, February 27, 2026, at 1:00 PM. Click here to download the full request for proposals for details and instructions. View this RFP on the Vermont Bid Registry . Those submitting proposals are responsible for checking the City’s website ( winooskivt.gov/bids) for additional information and addenda. Proposals received after the deadline will not be considered. Questions may be directed to the City representative for this project: Angela Aldieri, Finance Director 802 734 2186 / For security reasons, you must enable JavaScript to view this E-mail address. Publication Date/Time: 1/5/2026 2:00 PM Closing Date/Time: 2/27/2026 1:00 PM Related Documents: Audit RFP FY26

Attachment Preview

City of Winooski

27 West Allen Street

Winooski, VT 05404

(802) 655-6410

Annual Financial Statement Audit

Request for Proposal

Issued: January 5, 2026

Revised: N/A

Deadline for Submissions: 1:00p.m. Friday, February 27, 2026

City of Winooski

Vermont’s Opportunity City

27 West Allen Street

Winooski Vermont 05404

802 655 6410

winooskivt.gov

Table of Contents

1. Purpose ...................................................................................................................... 2

2. Scope of Service and Proposal Content ................................................................ 2

A. Nature of Services ........................................................................................ 2

B. Report Requirements ................................................................................... 3

C. Timing ............................................................................................................. 3

D. City Assistance .............................................................................................. 3

E. Invoicing ......................................................................................................... 3

3. Proposal Submission ................................................................................................ 4

A. General Requirements ................................................................................. 4

B. Proposal Contents ......................................................................................... 4

C. Inquiries and Addenda .................................................................................. 5

D. Submission Method ...................................................................................... 5

4. Evaluation and Selection Process .......................................................................... 5

5. General Conditions ................................................................................................... 6

A. No City Obligation ......................................................................................... 6

B. No Contract ................................................................................................... 7

C. Respondent’s Expenses ............................................................................... 7

D. Conflict of Interest ........................................................................................ 7

E. Solicitation of Council Members .................................................................. 7

F. Confidentiality ............................................................................................... 7

G. Independent Contractor ............................................................................... 7

H. Indemnification ............................................................................................. 8

I. Insurance ......................................................................................................... 8

J. Formal Contract and City Exceptions .......................................................... 8

Appendix A – Respondent Information ...................................................................... 9

Appendix B – Indemnification, Defend and Hold Harmless Agreement ................ 10

Appendix C – Non- Collusion Agreement .................................................................. 11

1

City of Winooski

Vermont’s Opportunity City

27 West Allen Street

Winooski Vermont 05404

802 655 6410

winooskivt.gov

1. Purpose

The City of Winooski (the City) invites qualified, independent Certified Public Accountants,

licensed to practice in the State of Vermont, to submit proposals to conduct an annual audit of

its financial statements for the fiscal year ending June 30, 2026. The City anticipates entering a

one-year contract for FY2026, with the option to renew for up to two additional one-year terms

(FY2027 and FY2028), subject to satisfactory performance, continued need, and annual

appropriation. All proposals must conform to the specifications outlined below.

The deadline for submitting Proposals is Friday, February 27, 2026, at 1:00 PM. Those

submitting proposals are responsible for checking the City’s website

(https://www.winooskivt.gov/bids.aspx) for additional information and addenda. Proposals

received after the deadline will not be considered.

Questions may be directed to the City representative for this project:

Angela Aldieri, Finance Director 802 734 2186 / aaldieri@winooskvt.gov

2. Scope of Services and Proposal Content

The City of Winooski is a single incorporated municipal government. In addition to the general

fund there are three proprietary enterprise funds, and several special revenue funds.

Governmental records are maintained on the modified accrual basis of accounting and

Proprietary fund records are maintained on a full accrual basis of accounting. The City of

Winooski currently utilizes the NEMRC accounting system software for maintaining the City

general ledger and sub ledgers. Payroll processing services are conducted by a third-party

vendor using the Evolution software system.

A. Nature of Services

Required services consist of an audit of the City financial statements in accordance with

generally accepted auditing standards, Government Auditing Standards, and Uniform

Guidance. The City may expend federal awards in excess of the Uniform Guidance threshold

requiring a Single Audit for FY2026. If federal expenditures exceed the threshold, the auditor

shall perform the Single Audit in accordance with 2 CFR Part 200. This will include those

procedures which are necessary to express an opinion as to the accuracy and completeness of

the financial reports. The City reserves the right to require rotation of the engagement partner

after a reasonable period, consistent with professional standards.

The Finance Office of the City will prepare for auditing all financial statements, notes to

financial statements, and all supporting documents and data including year-end trial balances.

The auditor will be required to review these statements for accuracy and report adjustments

they recommend to City staff for consideration. The auditor would be responsible for assisting

the City and/or guidance in the creation of disclosures and schedules for any new GASB

pronouncements.

2

City of Winooski

Vermont’s Opportunity City

27 West Allen Street

Winooski Vermont 05404

802 655 6410

winooskivt.gov

At the conclusion of the audit, a representative of the auditing firm shall appear before City

Council to present and discuss the findings resulting from the audit. Representatives of the

auditing firm must be available during the year to answer questions that may arise regarding

the preparation of financial statements and application of standards at no additional cost.

B. Report Requirements

The following auditor reports are required at the completion of the audit.

• All statements, exhibits, and notes as required by GASB with the auditors’ opinion

thereon.

• A separate internal controls letter with comments and recommendations.

The auditing firm will submit an electronic copy of the final audit report in searchable PDF

format and fifteen (15) printed and bound copies to the Finance Office of the City of Winooski.

The auditing firm will hold a planning/entrance conference with the City Manager, the Finance

Director and other required City staff prior to the commencement of the audit.

The auditing firm will schedule an exit conference with the City Manager, the Finance

Director, and other required City staff to review the internal controls letter and draft copies of

the reports before such reports become final and are issued.

C. Timing

The date for which preliminary work may commence will be scheduled by mutual agreement

of all parties. The auditor shall provide a list of requested documents for review at least 45

days prior to the commencement of field work.

Audit fieldwork shall commence no later than October 15th with a draft audit report to the City

Finance Director no later than January 15th. The final financial audit report with the required

letters and statements shall be delivered to the Finance Director no later than January 31st.

D. City Assistance

City finance staff will be responsible for the following:

• Preparation of trial balance

• Copying of documents

• Completion of confirmations

• Preparation of financial statements in conformity with generally accepted accounting

principles

• Scheduling of workspace for field work

E. Invoicing

The auditing firm will submit an invoice monthly or at other intervals as agreed upon with the

Finance Director on its letterhead for work performed indicating the total number of hours of

service and the composite billing rate. The auditing firm will not submit an invoice for

preliminary work prior to the start of field work unless approved by the Finance Director. The

auditing firm will maintain adequate records to substantiate this invoice by the number of

3

City of Winooski

Vermont’s Opportunity City

27 West Allen Street

Winooski Vermont 05404

802 655 6410

winooskivt.gov

hours of service rendered by individual members of the firm and each member staff level.

These records will be made available to the City upon request.

3. Proposal Submission

The Proposal submission deadline is Friday, February 27, 2026, at 1:00 PM. Proposals received

after the deadline will not be considered. Respondents shall meet the following requirements.

A. General Requirements

Before preparing and submitting a Proposal, Respondents shall have carefully examined this

RFP document and any addenda. Respondents are responsible for checking the City Website

(https://www.winooskivt.gov/bids.aspx) for additional information and addenda.

B. Proposal Contents

The Proposal should include or identify:

I. Respondent Information: Complete the Information Form provided as Attachment

A.

II. Written Statement: Confirm in writing that the Respondent fully understands the

required work, responsibilities, special provisions, and general conditions. In

addition, include:

a. Exceptions: Any proposed changes or exceptions taken regarding the project

b. Affiliations: Identify any parent corporation, subsidiaries, or affiliations, if

applicable.

c. References: A brief description of at least three (3) current governmental clients

of your firm. Indicate client contact information (name, title, address, e-mail,

phone)

d. Disciplinary Disclosure: A written disclosure listing regulatory action taken by an

oversight body against the Respondent or its employees or to which the

Respondent or employees have been party to in the past five years.

e. A copy of your firm’s most recent peer review report.

III. Proof of Insurance: A certificate of insurance in accordance with the proposal

specifications

IV. Work Plan: Submit a work plan to accomplish the scope of services within the

required time frame. The work plan should include time estimates by staff level for

each of the significant segments of the work and the staff assigned to each

segment. Include a brief description of audit procedures to be used during the audit

process for each segment.

V. Cost Estimate: Total not to exceed cost to perform the FY2026. Any additional fee

required if a single audit is needed should be separately listed. Estimated contract

amounts for the FY2027 and FY2028 years should also be presented in the same

format.

VI. Other Forms: Signed and notarized “Indemnification, Defend & Hold Harmless

Agreement” and “Non-Collusion Affidavit” (language provided in Attachments B

and C)

4

Commodity Codes

• NAICS 541211Offices of Certified Public Accountants
• NAICS 541219Other Accounting Services
• NAICS 541611Administrative Management and General Management Consulting Services

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