530-26-02 Financial Audit Services

Location:	Colorado
Posted:	Aug 5, 2026
Due:	Aug 28, 2026
Agency:	Pikes Peak Library District
Type of Government:	State & Local
Category:	R - Professional, Administrative and Management Support Services
Publication URL:	To access bid details, please log in.

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REQUEST FOR PROPOSAL

For

Financial Audit Services

PIKES PEAK LIBRARY DISTRICT

Colorado Springs, CO

RFP # 530-26-02

The Pikes Peak Library District (PPLD) invites qualified firms with the qualifications as stated herein,

and are licensed in the State of Colorado, to submit a response to a Request for Proposal (RFP) for

Financial Audit Services, 1175 Chapel Hills Dr., Colorado Springs, CO.

Proposal deadline is 2 p.m. MST on Friday, August 28, 2026

08/05/2026

Financial Audit Services

RFP #530-26-02

Table of Contents

1. Scope of Work...................................................................................................................................................2

2. RFP Schedule and Contracts ......................................................................................................................7

3. Proposal Submission, Selection, and Contract Formation ...........................................................8

4. Vendor Qualification and Information ............................................................................................. 12

5. Pricing................................................................................................................................................................ 13

6. Terms & Conditions..................................................................................................................................... 14

Addendum A- Proposal Cover Sheet............................................................................................................ 15

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Financial Audit Services

1. Scope of Work

RFP #530-26-02

1.1 Purpose:

The Pikes Peak Library District (PPLD) is soliciting proposals from qualified independent

certified public accounting firms to perform the annual audit of the District's financial

statements for the fiscal year ending December 31, 2026, with the option to renew the

agreement for up to four (4) additional one-year terms, subject to satisfactory

performance and approval by PPLD.

PPLD prepares an Annual Comprehensive Financial Report (ACFR) each year and has

received the Government Finance Officers Association (GFOA) Certificate of

Achievement for Excellence in Financial Reporting for thirty-four (34) consecutive years.

The District expects the selected auditor to possess significant governmental auditing

experience and to support the District's continued commitment to producing a high-

quality ACFR that meets or exceeds GFOA reporting standards.

The selected firm shall provide all labor, supervision, professional expertise, and

resources necessary to complete the engagement in accordance with applicable

professional standards and the requirements outlined in this Scope of Work.

1.2 Audit Services

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

Peak Library District and the Pikes Peak Library District Foundation.

The audit shall include, at a minimum:

• Audit of the District’s financial statements.

• Audit of the Pikes Peak Library District Foundation financial statements.

• Evaluation of internal controls as required by professional auditing standards.

• Evaluation of compliance with applicable laws, regulations, grant requirements,

and contractual provisions.

• Performance of a Single Audit, if required under Uniform Guidance (2 CFR Part

200).

• Communication of significant accounting issues, audit adjustments, and internal

control deficiencies.

1.3 Applicable Professional Standards

The audit shall be conducted in accordance with all applicable professional standards,

including:

• Generally Accepted Auditing Standards (GAAS)

• Government Auditing Standards (Yellow Book)

• Governmental Accounting Standards Board (GASB) requirements

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Financial Audit Services

• Uniform Guidance (2 CFR Part 200), if applicable

RFP #530-26-02

• All other applicable federal and State of Colorado auditing requirements

1.4 Required Deliverables

The selected firm shall provide the following:

• Independent Auditor's Report on the financial statements.

• Reports required under Government Auditing Standards.

• Reports required under Uniform Guidance, if applicable.

• Required communications with those charged with governance.

1.5 Financial Statement and ACFR Preparation

PPLD Finance staff will prepare the Annual Comprehensive Financial Report (ACFR),

including the basic financial statements, notes, required supplementary information, and

statistical section.

The auditor shall:

• Audit the financial statements included in the ACFR.

• Review the ACFR for consistency with the audited financial statements and

applicable accounting and reporting standards.

• Provide comments regarding required disclosures.

• Render an opinion on the financial statements included within the ACFR.

• Prepare the financial statements of the Pikes Peak Library District Foundation.

• Be available to discuss the audited financial statements during the GFOA

Certificate of Achievement review process.

1.6 Planning and Communication

The auditor shall maintain regular communication with PPLD throughout the

engagement and shall:

• Conduct audit kickoff meeting and interviews

• Provide a detailed audit request list and engagement schedule.

• Notify PPLD promptly of issues affecting the audit.

• Discuss preliminary findings with management prior to issuance of draft reports.

• Present the audit results to the Internal Affairs Committee.

• Present the final audit to the Board of Trustees at the June Board meeting.

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Financial Audit Services

1.7 Internal Control and Compliance

RFP #530-26-02

The auditor shall communicate all matters required by professional standards, including:

• Significant accounting policies

• Significant accounting estimates

• Audit adjustments

• Corrected and uncorrected misstatements

• Internal control deficiencies

• Significant deficiencies

• Material weaknesses

• Instances of noncompliance

• Difficulties encountered during the audit

• Disagreements with management, if any

1.8 Working Papers

Working papers shall remain the property of the auditor but shall be retained in

accordance with applicable professional standards for no fewer than five (5) years

following issuance of the audit report.

Upon request, working papers shall be made available to:

• Pikes Peak Library District

• Pikes Peak Library District Foundation

• Federal or state oversight agencies

• Successor auditors

• Other parties authorized by law

1.9 Schedule

The successful proposer shall complete the engagement in accordance with the schedule

established by PPLD.

At a minimum, the engagement shall include:

Milestone

Target Date

Planning Meeting

February

Audit Request List

February

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