Project Information

Bid Title

Audit Services

Issuing Agency

Lisle village

Location

Illinois

Published Date

Jan 5, 2026

Closing Date

Jan 27, 2026

Government Level

State & Local

Status

Closed

Ref. #

1427

Original Source

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Bid Documents

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Project Description

Bid Number:	1427
Bid Title:	Audit Services
Category:	Bids
Status:	Open

Description: The Village of Lisle (“Village”) seeks to enter into an agreement (“Agreement”) with a qualified certified public accounting firm (“Consultant”) to conduct an annual audit of the Village’s financial statements for the fiscal year ending April 30, 2026 including all of the funds, accounts, capital assets, long-term debt and activities of the Village of Lisle. These audits are to be performed in accordance with auditing standards generally accepted in the United States (GAAS) for governmental agencies (collectively referred to herein as “Services”) as described in detail in this Request for Proposal (“RFP”). Publication Date/Time: 1/5/2026 1:00 PM Closing Date/Time: 1/27/2026 10:00 AM Submittal Information: Submit responses online at www.demandstar.com Bid Opening Information: Electronic responses only Fee: none Related Documents: 1427 - RFP Audit Services

Attachment Preview

VILLAGE OF LISLE

REQUEST FOR PROPOSAL (“RFP”)

# 1427

Audit Services

DUE BY:

TUESDAY, JANUARY 27, 2026

AT 10:00 AM CST

AT:

DEMANDSTAR.COM

Issued: 01/05/2026

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Table of Contents

1. Description of the Village............................................................................................................... 3

2. Scope of Services ............................................................................................................................ 5

3. Term..................................................................................................................................................... 8

4. Schedule of Prices........................................................................................................................... 8

5. Estimated Timeline .......................................................................................................................... 9

6. Questions ........................................................................................................................................... 9

7. Submission Requirements .......................................................................................................... 10

8. Submission Method....................................................................................................................... 12

9. Respondent’s Understanding of the RFP................................................................................ 13

10. Evaluation Criteria ......................................................................................................................... 13

11. Award ................................................................................................................................................ 14

12. Costs ................................................................................................................................................. 15

14. Modification and Withdrawal of Proposals ............................................................................. 15

15. Notice of Freedom of Information Act ...................................................................................... 15

16. Compliance with Laws.................................................................................................................. 16

17. Governing Law................................................................................................................................ 16

18. Entire RFP ........................................................................................................................................ 16

19. Cancellation of RFP/Reservation of Rights............................................................................. 16

20. Attachments .................................................................................................................................... 16

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Project Overview

The Village of Lisle (“Village”) seeks to enter into an agreement (“Agreement”) with a

qualified certified public accounting firm (“Consultant”) to conduct an annual audit of the

Village’s financial statements for the fiscal year ending April 30, 2026 with the option to

engage the firm in accordance with this request for proposal for the four (4) subsequent

fiscal years, at the Village’s discretion. These audits are to be performed in accordance

with auditing standards generally accepted in the United States (GAAS) for governmental

agencies (collectively referred to herein as “Services”) as described in detail in this

Request for Proposal (“RFP”).

Responses to this RFP will be due on or before 10:00 AM. on January 27, 2026.

The Village reserves the right to reject any and all proposals, or to accept any portion of

any proposal, to waive any formality, technicality or irregularity in any proposal, and to

be the sole judge of the value and merit of the proposals offered. Such decisions by The

Village shall be final and not subject to recourse.

1. Description of the Village

Background Information

The Village of Lisle is located 26 miles west of Chicago in DuPage County, Illinois. Lisle’s

location, access to an excellent work force, and superb amenities are closely tied to the

high quality of life that residents and businesses enjoy. The Village has a total area of 7

square miles and neighbors the prestigious Morton Arboretum. The Village of Lisle

provides a full range of services including police protection, construction and maintenance

of highways, streets and infrastructure, water and sewer utility services, commuter

parking, planning and zoning, engineering and inspection, cemetery operation and

maintenance, economic development, and general administrative services.

Lisle continues to further its reputation as a well-run, financially sound (Aa1 bond rating)

organization. The non-home rule community is a model of fiscal stability with diverse

revenues and targeted expenditures resulting in operational stability for the long term. The

Mayor and six elected at large trustees establish policies to guide the Village’s values,

vision, mission and key strategic performance areas. An appointed Village Manager

collaborates with a talented and efficient staff team to provide progressive municipal

service solutions to residents and businesses.

Current Audit Firm

The Village has employed Baker Tilly as auditors from 2021 - current.

Pension Plans

The Village participates in two pension plans, the Illinois Municipal Retirement Fund (multi-

employer, agent), and the Village of Lisle Police Pension Fund (single employer, defined

benefit). Actuarial services for the Police Pension Fund are provided by an independent

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actuary. The Village includes the Police Pension Fund in the Village’s financial statements.

Independent actuarial services are also provided for the Village’s post-retirement health

plan.

Staff

The Village employs a staff of approximately 100 people. The Finance Department is

made up of seven employees which include a CFO/Deputy Village Manager, Financial

Services Director, Financial Services Manager, two Customer Service Representatives, a

part-time Accountant, and a part-time Accounting Services Clerk.

Computer Software

The Village uses OpenGov for its financial software. The software includes general ledger,

accounts payable, accounts receivable, water billing, cashiering, budgeting, purchasing,

permitting, and licensing. Payroll is processed through Paychex.

TIF Districts

The Village currently has five (5) TIF Districts: the Navistar TIF, the UTI TIF, the Downtown

TIF, the East Ogden TIF, and the Lincoln Ave. TIF. The Navistar TIF and UTI TIF are pay

as you go financing according to redevelopment agreements for the areas. The Downtown

TIF, the East Ogden TIF, and the Lincoln Ave. TIF do not currently have redevelopment

agreements; however, there is interest from developers in all three. There have been

distributions on the Navistar TIF with subsequent distribution submittals expected on an

annual basis. The UTI TIF is anticipated to close in tax year 2026 with a final surplus

declaration in fiscal year 2026-27.

Debt

As of April 30, 2025, the Village had total outstanding bonded debt of $2,010,000.

Fund Structure

The Village of Lisle uses the following fund types in its financial reporting:

Fund Type

Number of Individual

Funds as of April 30,

2025

General

1

Special Revenue

8

Debt Service

1

Capital Project

2

Enterprise

3

4

Internal Service

1

Pension Trust

1

More detailed information on the Village and its finances can be found in the Village’s

Budget for the Fiscal Year Ending April 30, 2026, and the Annual Comprehensive

Financial Report (ACFR) for the Year Ended April 30, 2025. The budget, CAFR and

other pertinent statements can be viewed from the Transparency Section of the Village’s

website here.

Federal and State Financial Assistance

At times, the Village is the recipient of both Federal and State grants. Special grant audits

are to be completed by the auditors as required by statute.

2. Scope of Services

The Village of Lisle is requesting an audit which includes all of the funds, accounts, capital

assets, long-term debt and activities of the Village of Lisle.

The audit firm shall:

i. Express an opinion on the fair presentation of the Village of Lisle financial documents,

combined and individual fund financial statements and schedules in conformity with

generally accepted accounting principles. The auditor is not required to audit the

supporting schedules contained in the Comprehensive Annual Financial Report

(CAFR). However, the auditor is to provide an “in-relation-to” opinion on the supporting

schedules based on the auditing procedures applied during the audit of the basic

financial statements and the combining and individual fund financial statements and

schedules. The auditor is not required to audit the introductory section of the report or

the statistical section of the report.

ii. Provide the Village with any audit adjustments, including appropriate supporting

documentation, meet with staff, and if requested discuss final adjustments.

iii. Prepare any supplemental and statistical information required by the Government

Accounting Standards Board (GASB) as mandated by generally accepted auditing

standards.

iv. Report on compliance with Pubic Act 85-1142 for the Village’s Tax Increment

Financing District.

v. Express an opinion on management’s assertion that the Village of Lisle compiled with

the requirements described in the U.S. Office of Management and Budget (OMB)

Circular A-133 (Single Audit Act) to each of its major federal programs if it becomes

necessary.

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Commodity Codes

• NAICS 541211Offices of Certified Public Accountants
• NAICS 541219Other Accounting Services

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