Audit and Tax Compliance Services

Location:	North Carolina
Posted:	Aug 3, 2026
Due:	Sep 1, 2026
Agency:	State Government of North Carolina
Type of Government:	State & Local
Category:	R - Professional, Administrative and Management Support Services
Solicitation No:	105-105-2026Foundation
Publication URL:	To access bid details, please log in.

Solicitation Number:	105-105-2026Foundation
Project Title:	Audit and Tax Compliance Services
Description:	The Lenoir Community College Foundation, Inc. is a North Carolina nonprofit corporation organized exclusively for charitable and educational purposes to support the mission of Lenoir Community College. The Foundation is recognized as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and is required to file an annual Internal Revenue Service Form 990. The Foundation operates on a fiscal year beginning July 1 and ending June 30. The Foundation is requesting sealed proposals from qualified Certified Public Accounting (CPA) firms to provide independent audit services and tax compliance services for the fiscal years ending June 30, 2027, June 30, 2028, and June 30, 2029.
Opening Date:	9/1/2026 5:00 PM
Posted Date:	8/4/2026
Status:	Open
Department:	LENOIR COMMUNITY COLLEGE


Solicitation Number * 105-105-2026Foundation	Department LENOIR COMMUNITY COLLEGE	Status Reason Open
Opening Date 2026-09-01T17:00:00.0000000	Posted Date * 2026-08-03T16:47:16.0000000Z	Primary Commodity Code Accounting and bookkeeping services
Mandatory Conference/Site Visit — —	Special Instructions —	Solicitation Type * RFP
Owner Cindy Jones
Description The Lenoir Community College Foundation, Inc. is a North Carolina nonprofit corporation organized exclusively for charitable and educational purposes to support the mission of Lenoir Community College. The Foundation is recognized as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and is required to file an annual Internal Revenue Service Form 990. The Foundation operates on a fiscal year beginning July 1 and ending June 30. The Foundation is requesting sealed proposals from qualified Certified Public Accounting (CPA) firms to provide independent audit services and tax compliance services for the fiscal years ending June 30, 2027, June 30, 2028, and June 30, 2029.

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REQUEST FOR PROPOSALS (RFP)

Audit and Tax Compliance Services

Lenoir Community College Foundation, Inc.

RFP Issued:

Proposal Due Date:

Time Due:

August 3, 2026

September 1, 2026

5:00 p.m. (Eastern Time)

Submit Proposals To:

Jeanne Kennedy, Executive Director

Lenoir Community College Foundation, Inc.

P.O. Box 188

Kinston, NC 28502-0188

Questions concerning this Request for Proposals should be submitted in writing to:

Jeanne Kennedy, Executive Director

Email: jkennedy@lenoircc.edu

I. INTRODUCTION

A. General Information

The Lenoir Community College Foundation, Inc. (Foundation) is a North Carolina nonprofit corporation

organized exclusively for charitable and educational purposes to support the mission of Lenoir

Community College. The Foundation is recognized as a tax-exempt organization under Section 501(c)(3)

of the Internal Revenue Code and is required to file an annual Internal Revenue Service Form 990. The

Foundation operates on a fiscal year beginning July 1 and ending June 30. The Foundation is requesting

sealed proposals from qualified Certified Public Accounting (CPA) firms to provide independent audit

services and tax compliance services for the fiscal years ending June 30, 2027, June 30, 2028, and June

30, 2029.

The selected firm will perform the annual financial statement audit and prepare the Foundation's annual

IRS Form 990 and any other required tax filings. The Foundation seeks a CPA firm with demonstrated

experience auditing nonprofit organizations, higher education foundations, and organizations subject to

North Carolina governmental reporting requirements. A copy of the Foundation's most recent audited

financial statements will be included with this Request for Proposals.

B. Procurement Schedule

The anticipated procurement schedule is as follows:

Activity

Date

RFP Issued

8/3/2026

Deadline for Written Questions 8/10/2026

Responses to Questions Issued 8/17/2026

Proposal Submission Deadline 9/1/2026

Evaluation of Proposals

9/8-9/10/2026

Interviews (if necessary)

9/15-9/16/2026

Selection of Firm

9/21/2026

Contract Approval

10/28/2026

Contract Begins

11/6/2026

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The Foundation reserves the right to modify this schedule when necessary.

C. Contract Term

In accordance with guidance issued by the North Carolina Office of the State Auditor, the Foundation

intends to award an initial contract for one (1) year, with the option, at the Foundation's sole discretion, to

renew the contract for two (2) additional one-year periods. Following the completion of the three-year

term, audit services shall be competitively procured through a new Request for Proposals process.

Award of a contract shall be contingent upon approval by the North Carolina Office of the State Auditor,

when required.

II. SCOPE OF SERVICES

A. Scope of Audit Services

The selected CPA firm shall perform an independent audit of the financial statements of the Lenoir

Community College Foundation, Inc. for each fiscal year included in the contract. The audit shall include

an examination of the books, records, accounting systems, internal controls, and all categories of net

assets of the Foundation.

The audit shall be conducted in accordance with:

• Generally Accepted Auditing Standards (GAAS)

• Standards established by the American Institute of Certified Public Accountants (AICPA)

• Government Auditing Standards issued by the Comptroller General of the United States, when

applicable

• Applicable North Carolina General Statutes

• Requirements of the North Carolina Office of the State Auditor (OSA)

• Requirements of the North Carolina Office of State Controller (OSC)

If the Foundation expends more than $750,000 in combined federal and/or state financial assistance

during a fiscal year, the audit shall also comply with the applicable provisions of Government Auditing

Standards and any other applicable federal or state audit requirements.

Financial Reporting Standards

Each year the Foundation shall be evaluated to determine whether it should be reported as a discretely

presented component unit or blended component unit of Lenoir Community College. If discretely

presented, the Foundation's financial statements shall be prepared in accordance with applicable Financial

Accounting Standards Board (FASB) standards governing nonprofit organizations. If blended, the

financial statements shall be prepared in accordance with Governmental Accounting Standards Board

(GASB) standards. The audit shall include a determination that the financial statements have been

prepared in accordance with the applicable accounting framework. The CPA firm shall recognize that

statewide accounting policies established by the North Carolina Office of State Controller apply where

applicable.

Audit Report

Upon completion of the audit, the CPA firm shall issue an Independent Auditor's Report expressing an

opinion regarding the fair presentation of the Foundation's financial statements in accordance with

generally accepted accounting principles. The CPA firm shall issue any additional reports required by:

• Government Auditing Standards

• North Carolina Office of the State Auditor

• North Carolina Office of State Controller

• Applicable federal or state regulations

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Audit Hour Disclosure

In accordance with North Carolina General Statute §147-64.6D, each audit report shall disclose:

• Total audit hours

• Total cost of conducting the audit

The disclosure shall appear on the final page of the audit report in substantially the following format:

This audit required ______ audit hours at a cost of $__________.

Additional explanatory information may accompany this disclosure provided the required statement

remains intact.

Pre-Audit Conference

Prior to beginning fieldwork, the CPA firm shall meet with Foundation and College personnel to:

• Establish the audit timetable

• Review significant accounting issues

• Discuss changes in accounting standards

• Identify prepared-by-client schedules

• Coordinate audit logistics

• Establish communication expectations

Assistance Provided by the Foundation

Foundation personnel and College Business Office staff will provide reasonable assistance during the

engagement, including:

• Financial records

• General ledger reports

• Investment schedules

• Bank reconciliations

• Endowment activity

• Supporting documentation

• Prepared-by-client schedules

• Additional information requested during the audit

Audit Deliverables

The CPA firm shall provide:

• Draft audited financial statements

• Draft Independent Auditor's Report

• Draft management letter

• Final audited financial statements

• Final Independent Auditor's Report

• Final management letter

• Required communications to those charged with governance

• Any additional reports required under professional standards

Draft reports shall be submitted no later than August 1 of each fiscal year. Final reports shall be submitted

by a mutually agreed-upon date that allows Lenoir Community College sufficient time to complete all

required year-end reporting to the North Carolina Office of State Controller, including submission of

required component unit information for the State's Annual Comprehensive Financial Report (ACFR).

A post-audit conference shall be conducted with Foundation representatives to review the audit results,

management recommendations, and any significant findings.

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Report Preparation

Preparation, editing, printing, binding, and electronic production of the audit report shall be the

responsibility of the CPA firm.

The proposed fee shall include:

• Editing

• Printing

• Binding

• Delivery

• Electronic PDF copies

• At least 30 bound copies of the final audit report

No additional reimbursement will be made for travel, printing, shipping, or other incidental expenses.

Working Papers and Audit Documentation

The CPA firm shall retain all audit documentation and working papers for a minimum of three (3) years

after completion, termination, or expiration of the contract, or other record retention requirements set by

the State Archives of North Carolina in the North Carolina Department of Natural and Cultural Resources.

Pursuant to N.C.G.S. §147-64.7(a)(4), the North Carolina Office of the State Auditor shall have the right

to review audit documentation associated with this engagement. The CPA firm shall make available any

records, files, personnel, or documentation requested by:

• Lenoir Community College Foundation

• Lenoir Community College

• North Carolina Office of the State Auditor

• North Carolina Office of State Controller

• Authorized governmental representatives

The CPA firm shall cooperate with successor auditors and permit reasonable access to working papers

concerning matters of continuing accounting significance.

Submission of Audit Reports

The CPA firm shall provide all reports necessary to enable the Foundation and the College to satisfy

applicable reporting requirements established by the North Carolina Office of the State Auditor and the

North Carolina Office of State Controller.

The Foundation will submit required audit reports to the appropriate state agencies unless otherwise

specified in the final contract.

Compliance with State Requirements

The CPA firm shall comply with all applicable:

• North Carolina General Statutes

• Office of the State Auditor requirements

• Office of State Controller reporting requirements

• Generally Accepted Auditing Standards

• Government Auditing Standards

• Professional standards applicable to nonprofit organizations

Failure to comply with applicable standards may constitute grounds for termination of the contract.

B. Scope of Tax Compliance Services

The selected CPA firm shall prepare the Foundation's annual federal and applicable state tax filings,

including Internal Revenue Service Form 990, Return of Organization Exempt From Income Tax,

together with any required schedules, disclosures, and supplemental filings. The CPA firm shall prepare

all returns using information provided by the Foundation and Lenoir Community College and shall

provide completed returns to the Foundation for review prior to filing.

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The Foundation shall retain responsibility for final review, approval, signature, and submission of the

returns unless otherwise agreed in writing.

The CPA firm shall also provide tax research and consultation throughout the year regarding nonprofit

taxation, charitable contributions, unrelated business income, changes in tax law, and other matters

affecting the Foundation's tax-exempt status.

The CPA firm shall coordinate preparation of tax filings with the annual audit to ensure consistency

between audited financial statements and tax reporting.

Material differences identified between financial reporting and tax reporting shall be communicated

promptly to Foundation management.

All tax workpapers, correspondence, and supporting documentation shall be retained for a minimum of

three (3) years and shall be made available upon request to the Foundation, the College, successor

auditors, and authorized governmental representatives.

III. PROPOSAL SUBMISSION REQUIREMENTS

A. Proposal Submission

To be considered for selection, proposers shall submit one (1) complete Technical Proposal and one (1)

separate Cost Proposal no later than 5:00 p.m. (Eastern Time) on September 1, 2026.

Proposals shall be submitted to:

Lenoir Community College Foundation, Inc.

Attn: Jeanne Kennedy, Executive Director

P.O. Box 188

Kinston, NC 28502-0188

Electronic submissions will be accepted by the Foundation prior to the proposal submission deadline.

Late proposals will not be considered unless the delay is solely attributable to the Foundation.

B. Questions Regarding the RFP

Questions concerning this Request for Proposals shall be submitted in writing to:

Jeanne Kennedy, Executive Director

Lenoir Community College Foundation, Inc.

Email: jkennedy@lenoircc.edu

Questions received by the stated deadline, together with the Foundation's responses, may be distributed to

all prospective proposers to ensure that all firms receive the same information.

No oral interpretation of this RFP shall be binding.

C. Proposal Acceptance

Submission of a proposal constitutes the proposer's acknowledgment that it has carefully reviewed this

Request for Proposals and agrees to comply with its requirements unless specific exceptions are clearly

identified in the proposal and accepted by the Foundation.

The Foundation reserves the right to:

• Reject any or all proposals;

• Waive informalities or minor irregularities;

• Request clarification or additional information;

• Conduct interviews or presentations;

• Negotiate with one or more proposers; and

• Award a contract determined to be in the best interest of the Foundation.

The Foundation is not obligated to award a contract to the lowest-cost proposer.

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This is the opportunity summary page. It provides an overview of this opportunity and a preview of the attached documentation.

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Audit and Tax Compliance Services

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