Project Information

Bid Title

Professional Auditing Services and Agreed-Upon Procedures

Issuing Agency

Town of Narragansett

Location

Rhode Island

Published Date

Apr 3, 2026

Closing Date

Apr 28, 2026

Government Level

State & Local

Status

Closed

Ref. #

B26014

Original Source

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Bid Documents

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Project Description

Bid Number:	B26014
Bid Title:	Professional Auditing Services and Agreed-Upon Procedures
Category:	Bids/RFQs
Status:	Open

Description: The Town of Narragansett is seeking proposals from qualified firms of certified public accountants to audit its financial statements for the fiscal year ending June 30, 2026, with the option of auditing its financial statements for each of the four subsequent fiscal years. Publication Date/Time: 4/3/2026 12:00 PM Closing Date/Time: 4/28/2026 11:00 AM Bid Opening Information: Purchasing; Town Hall Contact Person: Susan W. Gallagher, 401-782-0644 Download Available: Yes Fee: No charge Plan & Spec Available: See "Related Documents". Business Hours: 8:30 AM - 4:30 PM Fax Number: 401-788-2555 Plan Holders List: AAFCPAs Attention: John Buckley, CPA 50 Washington Street Westborough, MA 01581 PH: 508-366-9100 EM: jbuckley@aafcpa.com AND webmaster@aafcpa.com Clifton Larson Allen LLP (CLA) Attention: Matthew Godino, CPA and Stephen Gross, CPA 1 Capital Way Cranston, RI 02910 PH: 401-272-5600 EM: matthew.godino@claconnect.com Stephen.gross@claconnect.com Damiano & Company, CPAs 200 Centerville Road, Suite 1 Warwick, RI 02886 PH: 401-942-4000 EM: admin@damianocpa.com Hoyt, Filippetti & Malaghan, LLC (HFM) 107 Airport Road Westerly, RI 02891 PH: 401-596-2000 EM: office@hfm.cpa CBIZ Attention: Michael Tikoian 100 Westminster Street Suite 500 Providence, RI 02903 PH: 401-600-4500 EM: Michael.tikoian@cbiz.com Wadovick & Company Attention: Jeffrey Wadovick, CPA 1300 Division Road, Suite 104 West Warwick, RI 02893 PH: 401-823-4004 EM: jwadovick@wadovick.com Qualifications: See bid specifications. Related Documents: B26014 FULL SPECS Professional Auditing Services and Agreed Upon Procedures

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TOWN OF NARRAGANSETT, RI

PURCHASING DEPARTMENT

PROFESSIONAL AUDITING SERVICES

AND AGREED-UPON PROCEDURES

Christine Wilson, Finance Director

Susan Gallagher, Purchasing Manager

Bid Opening: Tuesday, April 28, 2026 at 11:00 AM

VENDOR NAME SUBMITTING BID: __________________________________

NOTICE: REQUEST FOR PROPOSALS

PROFESSIONAL AUDITING SERVICES

AND AGREED-UPON PROCEDURES

The Town of Narragansett is seeking proposals from qualified firms of certified public accountants

to audit its financial statements for the fiscal year ending June 30, 2026, with the option of auditing

its financial statements for each of the four subsequent fiscal years. These audits are to be

performed in accordance with generally accepted auditing standards established by the American

Institute of Certified Public Accountants and the standards for financial audits set forth in the

Government Auditing Standards issued by the Comptroller General of the United States.

The Auditors engaged to perform the annual audit of the Narragansett School Department shall

also be engaged to report on their tests of compliance with the School Uniform Chart of Accounts

(UCOA) requirements in an agreed-upon procedures compliance attestation format.

Specifications may be obtained at the Purchasing Office, 25 Fifth Avenue, Narragansett, Rhode

Island between the hours of 8:30 a.m. and 4:30 p.m. Monday through Friday and are available

on the Town of Narragansett website, www.narragansettri.gov.

Pre-proposal questions: Questions relevant to the preparation of a competitive proposal must be

submitted in writing to the below noted contact person by email no later than 4:00 p.m. on April

20, 2026. Responses to all written questions will be addressed in the form of an addendum and

will be emailed to vendors and Auditor General as well as posted on the Town’s website at:

www.narragansettri.gov. Please direct questions to Susan W. Gallagher, Purchasing Manager at

sgallagher@narragansettri.gov.

Separate sealed bids will be received by the TOWN OF NARRAGANSETT, RHODE ISLAND for

PROFESSIONAL AUDITING SERVICES AND AGREED-UPON PROCEDURES on or before

11:00 AM on Tuesday, April 28, 2026 at the office of the Purchasing Manager, 25 Fifth Avenue,

Narragansett, RI and at that time will be opened and read in public.

Three copies of the proposal are to be submitted. All proposals must be submitted with the bid

form provided, and clearly marked:

(Sealed Bid)

PROFESSIONAL AUDITING SERVICES AND AGREED-UPON PROCEDURES

The Town of Narragansett reserves the right to reject any and/or all bids and reserves the right to

award the bid to other than the low apparent bidder if the Town deems that the low apparent

bidder does not possess the personnel, experience and other resources to complete the audit in

accordance with the specifications herein. In any case, the reason for the Town’s action will be

documented.

Individuals requesting interpreter services for the hearing impaired must notify the Finance

Department (401) 782-0644 three business days prior to the bid opening.

Susan W. Gallagher

Purchasing Manager

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Due Dates for Completion of Audit and Delivery of Reports

1. An annual audit shall be completed and final audit reports (inclusive of all audit

communications) related to the financial statements shall be delivered to the Town of

Narragansett, State Auditor General and State Director of Revenue within six months after

the close of the fiscal year for each year (as required by Section 45-10-5 of the General

Laws of Rhode Island). Since Narragansett’s fiscal year ends June 30, the reports must

be filed by December 31 of each year. A copy of the final written correspondence and the

Auditor’s communication with those charged with governance, shall also be delivered to

the State.

Term of Engagement

1. A five-year contract is contemplated, subject to the annual review and recommendation of

the Finance Director with the concurrence of the Town Council and the Superintendent of

the Narragansett School Department. Continuation beyond the initial fiscal year of the

contract will be at the discretion of the Town. Each year must be treated as a separate

audit. The audit contract shall not exceed five fiscal years.

2. Audit contracts covering more than one year shall specify an audit fee for each year and

the number of hours included. The audit fee shall be inclusive of all expenses. The audit

fees are to be separated for the municipal costs, school costs, and enterprise funds

costs as listed on the Bid Form. Bids submitted in any other manner will not be accepted.

The bid should specifically identify the fee for the audit services and the fee for agreed-

upon procedures.

3. Any representations made with the submission will be relied upon and if proven to be false

will be grounds for termination of the contract, if awarded. False representations will also

be grounds for forfeiture of all payments under the contract. This will not limit the Town of

Narragansett from seeking any other legal or equitable remedies.

Audit Standards

1. To meet the requirements of this request for proposals, the audit shall be performed in

accordance with:

Generally accepted auditing standards as set forth by the American Institute of Certified

Public Accountants, the standards for financial audits set forth in the Government Auditing

Standards issued by the Comptroller General of the United States, and the provisions of

U.S. Office of Management and Budget (OMB) Guidance 2 CFR part 200 - Uniform

Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards

(OMB Uniform Guidance) - Subpart F – Audit Requirements.

2. The GFOA established the Certificate of Achievement for Excellence in Financial Reporting

Program (ANNUAL COMPREHENSIVE FINANCIAL REPORT Program) in 1945 to

encourage and assist state and local governments to go beyond the minimum requirements

of generally accepted accounting principles to prepare comprehensive annual financial

reports that evidence the spirit of transparency and full disclosure and then to recognize

individual governments that succeed in achieving that goal. The ANNUAL

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COMPREHENSIVE FINANCIAL REPORT shall be in a format that meets the requirements

of the GFOA for submission to this program.

Audit Scope

1. The Town of Narragansett desires the auditor to express an opinion on the fair presentation

of its basic financial statements, which will include government-wide financial statements,

fund financial statements, and notes to the financial statements in conformity with generally

accepted accounting principles.

2. The auditor shall also be responsible for performing certain limited procedures, as required

by generally accepted auditing standards, involving required supplementary information

mandated by the Governmental Accounting Standards Board.

Required Supplementary Information shall include:

 Management’s Discussion and Analysis

 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and

Actual

 Schedules related to defined benefit pension plans and OPEB plans, if applicable

3. The Town of Narragansett also desires the auditor to express an "in-relation-to" opinion

on the supplementary financial statements and schedules based on the auditing

procedures applied during the audit of the basic financial statements.

Supplementary financial statements, schedules and information shall include:

 Combining fund financial statements shall be presented as supplementary information for

all non-major governmental funds. Each non-major fund (included within the Special

Revenue Funds, Capital Projects Funds, Debt Service Funds, and Permanent Funds)

shall be presented as separate columns in the combining fund financial statements.

Similarly, combining financial statements shall also be presented for each of the other

fund types when there is more than one internal service fund, proprietary fund, and

fiduciary fund.

 Combining financial statements shall be presented for the General Fund when separate

funds are maintained within the accounting system but the funds do not qualify as special

revenue funds, in accordance with generally accepted accounting principles, and are

merged with the General Fund for financial reporting purposes.

4. Other schedules may be required by the Town and/or the State of Rhode Island Director

of Revenue, Auditor General, and Department of Education or as required by the applicable

section of the general laws such as, Rhode Island General Law Section (RIGL) 45-10-6

(Contents of Audit Report).

 The Tax Collector’s Annual Report shall be presented within Other Supplementary

Information to meet the requirements of RIGL 45-10-6 for additional information to the basic

financial statements. The Tax Collector’s Annual report should be presented in accordance

with the revised format requirements of the RI Department of Revenue - Division of

Municipal Finance (contact the Division for the most current template). The auditors

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engaged to audit the municipality’s financial statements shall also report on the Tax

Collector’s Annual Report, as supplementary information (“fairly presented in relation to the

municipality’s basic financial statements”).

 Municipal Transparency Portal (MTP) - Enacted legislation amended Rhode Island

General Laws §45-12-22.2 and §44-35-10 to improve required reporting by creating the

Municipal Transparency Portal (MTP) which will represent a centralized location for

municipal financial information. Each municipality shall include their Annual Supplemental

Transparency Report, MTP2, within their annual audited financial statements. This requires

one schedule that includes (1) municipal reportable government services and (2) all school

services (consistent with RIDE UCOA requirements). The Annual Supplemental

Transparency Report, MTP2, included within the annual audit report shall also include

reconciliation to the amounts included in the fund level financial statements. These two

reports are due to their respective State Agencies by November 30.

The auditors engaged to audit the municipality’s financial statements shall also report on

the Annual Supplemental Transparency Report (including the reconciliations), MTP2, as

supplementary information (“fairly presented in relation to the municipality’s basic financial

statements”).

Auditors are not required to opine on the municipality’s determination of “reportable

government services” (RGS) as defined in Section 2.1 of the Municipal Transparency

Portal Implementation Guidance. The municipality will make the determination of

“reportable government services” for inclusion in the various reports required to be

submitted through the municipal transparency portal. However, auditors will be expected

to review the reconciliations as part of the Annual Supplemental Transparency Report,

MTP2, (required for inclusion in the audited financial statements as supplementary

information) to assess the inclusion of amounts reported which are not within the

municipality’s or school’s general fund.

The format of the required MTP schedules and related reconciliations, as well as, the

typical timeline for filing of the annual municipal data report and coordination with annual

financial statement audit, are detailed in the MTP Implementation Guidance (available on

the RI Division of Municipal Finance website: Municipal Transparency Portal | RI Division

of Municipal Finance).

The Independent Auditor’s Report shall include reference to the Annual Supplemental

Transparency Report, MTP2, as supplementary information. See the Municipal

Transparency Portal Implementation Guidance for additional information.

5. If applicable, an audit of major programs shall be performed in accordance with the criteria

outlined in OMB Guidance 2 CFR part 200 - Uniform Administrative Requirements, Cost

Principles, and Audit Requirements for Federal Awards (OMB Uniform Guidance) - Subpart

F – Audit Requirements.

 The auditors shall audit major programs as required by OMB Guidance 2 CFR part 200

- Uniform Administrative Requirements, Cost Principles, and Audit Requirements for

Federal Awards (OMB Uniform Guidance) - Subpart F – Audit Requirements and

express an opinion on compliance for each major program.

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Commodity Codes

• NAICS 541219Other Accounting Services
• NAICS 541611Administrative Management and General Management Consulting Services

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