Professional Auditing Services

Location:	Illinois
Posted:	Nov 13, 2025
Due:	Dec 5, 2025
Agency:	Bensenville village
Type of Government:	State & Local
Category:	R - Professional, Administrative and Management Support Services
Solicitation No:	FIN_111325
Publication URL:	To access bid details, please log in.

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REQUEST FOR

PROPOSALS/QUALIFICATION

For The Calendar Years Ending

DECEMBER 31, 2025, 2026, and 2027

PROPOSALS MUST BE RECEIVED BY

5:00 P.M December 5, 2025

VILLAGE OF BENSENVILLE

FINANCE DEPARTMENT

12 SOUTH CENTER STREET

BENSENVILLE, IL 60106

VILLAGE OF BENSENVILLE

REQUEST FOR PROPOSALS/QUALIFICATION

I. INTRODUCTION

A. General Information

The Village of Bensenville is requesting proposals from qualified certified public

accounting firms to provide independent auditing services for the Village’s

financial statements for the calendar years ending December 31, 2025, 2026, and

2027.

B. Term of Engagement

The Village of Bensenville anticipates entering into a three-year contract, subject

to annual review; the satisfactory negotiation of terms, including mutually

acceptable pricing; approval by the Board of Trustees; and the annual availability

of appropriated funds. The contract may be extended for up to two additional years

upon mutual agreement between the Village and the selected audit firm.

II. NATURE OF SERVICES REQUIRED

A. Scope of Work to be performed:

The Village of Bensenville seeks an independent auditor to express an opinion on

the fair presentation of the Village’s basic financial statements in accordance with

generally accepted accounting principles (GAAP).

The Village of Bensenville desires to engage the services of an independent

certified public accounting firm (the “Auditor”) to examine and express an opinion

on the fair presentation of the Village’s financial statements, notes, and

supplementary schedules in conformity with generally accepted accounting

principles (GAAP). The Auditor shall further perform all additional procedures

required by the Governmental Accounting Standards Board (GASB), in accordance

with generally accepted auditing standards (GAAS) and/or generally accepted

government auditing standards (GAGAS), as applicable.

Upon completion of the audit of each fiscal year’s financial statements, the Auditor

shall prepare and deliver, in a timely manner, the following reports and filings:

1. A report expressing an opinion on the fair presentation of the financial

statements in conformity with GAAP.

2. A report on compliance and internal control over financial reporting,

including the SAS 115 Communication and/or the Auditor’s

Communication with Those Charged with Governance (SAS 114).

3. A Report on Compliance with Requirements Applicable to Each Major

Program and Internal Control over Compliance in Accordance with OMB

Circular A-133 (Single Audit).

4. The Annual Comprehensive Financial Report (ACFR) filed with the Illinois

Office of the Comptroller, including electronic submittal and completion of

the Multi-Purpose Long Form.

5. An Independent Auditor’s Report on the Consolidated Year-End Financial

Report, as required by the Illinois Grant Accountability and Transparency

Act (GATA and assistance with the preparation of this report including

completing the schedule of federal and state grant expenditures which

supports the filing of the Consolidated-Year-End-Financial-Report.

6. Reports on Compliance with Public Act 85-1142 for each Tax Increment

Financing (TIF) District (currently two).

7. Any other reports or documentation customarily required under GAAS,

GAGAS, or other applicable auditing standards.

The Auditor shall also provide professional guidance and assistance as necessary to ensure that the

Village’s Annual Comprehensive Financial Report (ACFR) complies with the standards and

criteria established by the Government Finance Officers Association (GFOA) for awards

consideration.

Further, the Auditor shall cooperate fully with successor auditors by responding to reasonable

inquiries and by providing access to all relevant working papers and related documentation

pertaining to matters of continuing accounting significance.

B. Funds to be audited

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

Fund Type

Number of

Individual

Funds

Number with

Legally Adopted

Annual Budgets

General Fund

Special Revenue Funds

Debt Service Funds

Capital Projects Funds

Enterprise Funds

C. Financial Reporting

The Village of Bensenville will provide individual fund statements and all

supporting schedules necessary for GASB adjustments and related footnotes.

Preparation, editing, printing, and production of the Annual Comprehensive

Financial Report (ACFR), including covers, dividers, and binding materials, shall

be the sole responsibility of the Auditor. The Village will provide the Letter of

Transmittal, Management’s Discussion and Analysis (MD&A), and official

letterhead for inclusion in the report. The Auditor shall be responsible for

reproducing up to fifty (50) copies of the final ACFR.

Although ultimate responsibility for the accuracy and content of the financial

statements rests with the Village, it is expected that the Auditor will possess and

demonstrate a high level of expertise in governmental accounting and financial

reporting to ensure full compliance with all applicable reporting requirements.

Demonstration of such expertise may be evidenced by current or prior membership

on governmental accounting or auditing committees, task forces, or similar

professional bodies of the Illinois CPA Society or the American Institute of

Certified Public Accountants (AICPA). Additional support of expertise may

include participation on the Government Finance Officers Association (GFOA)

Special Review Committee for the Annual Comprehensive Financial Report

program.

The Auditor shall express an unqualified opinion on all individual funds and shall

accept “in relation to” responsibility for all supplemental data. In the event an

unqualified opinion cannot be rendered, the Auditor shall promptly notify the

Village prior to issuance of the report to determine whether corrective action or

resolution is possible.

Management Letter

Should the Auditor identify any deficiencies or weaknesses in internal control

during the course of the audit, such findings and corresponding recommendations

shall be summarized in a separate Management Letter addressed to the Village of

Bensenville.

The Auditor shall make themselves available to meet with elected officials at a

regular or special evening meeting to discuss matters related to the audit proposal,

findings, financial report, or Management Letter, if requested.

Throughout the contract term, a partner or manager-level representative of the

Auditor shall remain available, both during audit preparation and on an as-needed

basis thereafter, to provide technical assistance, clarification, or guidance

concerning any financial reporting or compliance matters.

III. DESCRIPTION OF THE GOVERNMENT

A. Background Information

The Village of Bensenville, incorporated in 1884, is located approximately 17 miles

northwest of downtown Chicago, adjacent to the southwest boundary of O’Hare

International Airport. Based on the 2020 Census, the Village has an estimated

population of 18,273 residents, representing a diverse community primarily

composed of single-family households, with a median family income of $64,401.

The mission of the Village of Bensenville is to maintain financial stability while

providing customer-focused municipal services of the highest quality.

The Village provides a full range of public services, including police protection,

emergency management, general governance, public works (streets, highways,

sidewalks), community and economic development, code enforcement, water and

sewer utilities, refuse collection, and recreational programming. The Village also

hosts major community events, including the “Music in the Park” summer concert

series and the annual Liberty Fest celebration.

Additional information, including prior Annual Comprehensive Financial Reports,

may be found on the Village’s website at www.bensenville.il.us.

B. Pension and Other Post-Employment Benefits

The Village of Bensenville participates in the Illinois Municipal Retirement Fund

(IMRF) and administers a defined benefit pension plan for members of the Police

Department. The audit of the Police Pension Fund is conducted by an different

independent firm and is not included in this scope of work. The selected Auditor

shall coordinate with the Police Pension Fund’s auditor and employ appropriate

procedures to establish reliance on that third-party audit.

The Village also provides Other Post-Employment Benefits (OPEB) in the form of

access to unsubsidized retiree medical insurance coverage.

C. Magnitude of Finance Operations

The Finance Department is led by Lisa Banovetz, Director of Finance, and consists

of eight (8) full-time employees. Departmental functions and staff allocation are as

follows:

Function

Number of Employees

Director of Finance

Finance Coordinator

Finance Specialist

Utility Billing

Front Desk Clerks

E. Federal and State Grants

The Village of Bensenville periodically receives state and federal grant funding for

a variety of projects. Depending on the level and composition of grant funding

received during the audited calendar year, the Village may be required to undergo

a Single Audi.t

IV. TIME REQUIREMENTS

A. Proposal Calendar

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

Bid Number:	FIN_111325
Bid Title:	Professional Auditing Services
Category:	Other Bids & RFPs
Status:	Open