TOS Financial Statement Compilation RFQ

Location:	Ohio
Posted:	Feb 20, 2026
Due:	Mar 6, 2026
Agency:	State of Ohio- State Treasurer
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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NOTICE OF REQUEST FOR QUOTES

Professional Financial Statement Compilation Services

The Ohio Treasurer of State (“Treasurer”) is issuing this notice to request quotes from qualified

firms for professional services to compile financial statements related to certain obligations of

the (1) lease revenue (“LR”) bonds issued pursuant to Ohio Revised Code Chapter 154 and (2)

bonds issued by the Buckeye Tobacco Settlement Financing Authority (“BTSFA”) as described

below. BTSFA is a blended component unit of the State of Ohio.

Purpose of Notice

This notice is intended solely to obtain pricing and basic qualification information to allow the

Treasurer to evaluate available options. This is not a request for proposals, invitation to bid, or

other formal competitive solicitation, and it does not obligate the Treasurer to make an award

or enter into a contract or contracts. No reimbursement will be made for costs or expenses

incurred in responding or preparing to respond to this request for quotes.

Services Requested

(1) LR Financial Statement Preparation

Preparation of annual general purpose financial statements for LR Bonds pursuant to §154.05 of

the Revised Code, and Section 10(e) of the General Bond Resolution. Statements to be prepared

annually on a fiscal year basis (July 1 – June 30) beginning with the fiscal year ending June 30,

2026. Financial statements to be prepared under Generally Accepted Accounting Principles as

determined by the Governmental Accounting Standards Board and based upon the reporting

model established in GASB Statement No. 34 – Basic Financial Statements and Management’s

Discussion and Analysis for State and Local Governments, which includes:

• Fund financial statements, including balance sheet and statement of revenues,

expenditures, and changes in fund balances;

• Notes to the financial statements;

• Supplementary information, including schedule of net position, schedule of activities

and reconciliation schedules with the fund financial statements;

• Financial information presented in management’s discussion and analysis; and

• Other schedules as requested by the Treasurer of State.

A sample of a recent preparation can be found here: https://www.ohiotreasurerbonds.com/the-

state-of-ohio/documents/downloads/i630?docTypeId=1996

(2) BTSFA Financial Statement Preparation

Preparation of annual general purpose financial statements for BTSFA in connection with

tobacco settlement receipts payable to the State of Ohio under the 1998 Tobacco Master

Settlement Agreement, pursuant to §185.52(B) of the Revised Code and Section 6.06 of the

Trust Agreement. Statements to be prepared annually on a fiscal year basis (July 1 – June 30)

beginning with the fiscal year ending June 30, 2026. Financial statements to be prepared under

Generally Accepted Accounting Principles as determined by the Governmental Accounting

Standards Board and based upon the reporting model established in GASB Statement No. 34 –

Basic Financial Statements and Management’s Discussion and Analysis for State and Local

Governments, which includes:

• Governmental fund balance sheet/statement of net position;

• Statement of governmental fund revenues, expenditures, and changes in fund

balance/statement of activities;

• Notes to the financial statements;

• Financial information presented in management’s discussion and analysis; and

• Other schedules which may be requested by the Authority.

A sample of a recent preparation can be found here:

https://ohioauditor.gov/auditsearch/detail.aspx?ReportID=fd58defc-5536-4138-9eec-

b31522a48e08

Contracting Entity & Engagement Term

Should any contract or contracts be awarded, the Ohio Treasurer of State will be the contracting

party. The selected firm(s), if any, will be required to execute the Treasurer’s standard

professional services contract. Contract terms will govern all legal, compliance, and certification

requirements. The Treasurer anticipates an engagement structured as a five-year term, with

optional renewals. The Treasurer is under no obligation to exercise any renewal.

Quote Submission

Quotes shall be submitted electronically via email to: debtmanagement@tos.ohio.gov.

Deadline for submission: March 6, 2026, 5:00 PM Eastern Standard Time

Any late submissions will not be considered.

Quotes should include pricing information and a brief description of the firm’s relevant

experience including experience with GASB Technical Bulletin No. 2004-1 Tobacco Settlement

Recognition and Financial Reporting Entity Issues, not exceeding one page in length.

Evaluation and Award

Respondents should not submit marketing materials or alternate proposals. Respondents may

respond to one or both Requests.

Quotes may be evaluated based on price, relevant experience, responsiveness, and the State’s

business needs. The Treasurer retains sole discretion to determine what constitutes the best

quote, to request clarifications or additional information, to make one award, multiple awards,

or no award, or to abandon this Notice of Request for Quotes in its entirety.

After award, if any, all submitted quotes will be subject to the disclosure requirements

contained in Ohio Revised Code Section 149.43 et seq., and the Ohio Uniform Trade Secret Act

as codified in Revised Code Chapter 1333.

Vendor Eligibility

Responding firms must be licensed by the State of Ohio and legally authorized to conduct

business in the State of Ohio and capable of performing the requested services within Ohio.

Firms must be registered with the Ohio Auditor of State as an Independent Public Accounting

Firm, licensed by the Ohio Accountancy Board, compliant with Ohio CPA licensure rules, and

current on all State of Ohio taxes, except for those tax liabilities that it has timely contested.

Additional eligibility, compliance, and certification requirements will be addressed, if applicable,

through contract execution.

Reservation of Rights

The Treasurer expressly reserves the right to reject any or all quotes; modify or cancel this

notice at any time; proceed in a different procurement manner; enter into one or more

contracts; or take no action as a result of this notice.

Contact Information

All communications regarding this notice shall be directed to:

Lisa Eisenberg, Senior Director of Debt Management

DebtManagement@tos.ohio.gov

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

TOS Financial Statement Compilation RFQ

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See also