QUALIFIED ACCOUNTING FIRMS.

QUALIFIED ACCOUNTING FIRMS. The City of Wadena is requesting proposals from qualified accounting firms to audit its financial statements for the fiscal year ending Dec. 31, 2024, with optional renewals for 2025 and 2026. Audits must comply with generally accepted auditing standards, Government Auditing Standards, and Minnesota Legal Compliance Audit Guide requirements. The City, incorporated in 1874, operates under a council-manager system, with a $4.3 million General Fund budget, enterprise funds, and a liquor store requiring inventory audits. Proposals should include staff details, audit approach, and fees for financial services like Tax Increment Financing reports, financial form preparation, and fixed asset maintenance. The City anticipates record availability by March 15, 2025, with draft reports due by June 1 and final reports by June 15. Submissions must be sent to Kim Schroeder, City Administrator, by Dec. 20, 2024, at 4:30 p.m.. Selection will consider qualifications, technical approach, and price. The City reserves the right to reject any proposal.