Audit Services Audit Services 2026-2030
| Bidders ID: | NBD19473986103804733 |
|---|---|
| Due Date: | Aug 28, 2026 |
| Posted Date: | Jul 30, 2026 |
| Level of Government: | State & Local |
| State: | Illinois |
| Agency: | Woodridge village |
| Category: |
|
| Source: | Members Only |
| Description | Opening Date/Time | Closing Date/Time |
|
Audit Services
Audit Services 2026-2030 |
July 31, 2026 8:00 AM |
August 28, 2026 10:00 AM |
Attachment Preview
VILLAGE OF WOODRIDGE, ILLINOIS
REQUEST FOR PROPOSALS – AUDIT SERVICES
FOR FISCAL YEARS 2026 THROUGH 2030
Proposals must be received in the Office of
the Director of Finance by
Friday, August 28, 2026
Finance Department
Five Plaza Drive
Woodridge, Illinois, 60517
(630) 960-7096
I. INTRODUCTION
A. General Information
The Village of Woodridge is requesting proposals from qualified firms of certified public accountants to
audit its financial statements for the fiscal year ending December 31, 2026, with the option of auditing its
financial statements for each of the four subsequent fiscal years.
There is no expressed or implied obligation for the Village of Woodridge to reimburse responding firms for
any expenses incurred in preparing proposals in response to this request.
To be considered, one (1) pdf electronic copy via email (dclary@woodridgeil.gov) of a proposal must be
received by Daren Clary, Assistant Director of Finance, at Five Plaza Drive, Woodridge, Illinois, 60517-
5014 by 10:00AM on August 28, 2026. The Village of Woodridge reserves the right to reject any or all
proposals submitted.
During the evaluation process, the Village reserves the right to request additional information or
clarifications from proposers. Firms may be requested to make oral presentations to the Village as part of
the final evaluation process.
The Village of Woodridge reserves the right to retain all proposals submitted and to use any ideas in a
proposal regardless of whether that proposal is selected. Submission of a proposal indicates acceptance by
the firm of the conditions contained in this request for proposal, unless clearly and specifically noted in the
proposal submitted and confirmed in the engagement letter between the Village of Woodridge and the firm
selected.
It is anticipated the selection of a firm will be completed by September 10th, 2026. Following the
notification of the selected firm, an engagement letter is anticipated be executed between both parties at the
September 17, 2026 meeting of the Woodridge Village Board of Trustees.
The Northern Will County Water Agency may officially accept the selected firm at their annual Board
meeting scheduled for September 14, 2026.
The Village has employed Lauterbach & Amen, LLP of Naperville as auditors since 2018.
B. Term of Engagement
A five-year initial engagement is contemplated, subject to the annual review and recommendation of the
Finance Department, the satisfactory negotiation of terms (including a price acceptable to both the Village
of Woodridge and the selected firm), and the concurrence of the Board of Trustees of the Village of
Woodridge.
C. Subcontracting
No subcontracting will be permitted.
2
II. NATURE OF SERVICES REQUIRED
A. Entity
The Village of Woodridge comprises most functions and activities of municipal operations. The Village’s
financial statements include all funds, departments, agencies, boards, commissions and other
organizations over which the Village of Woodridge officials exercise oversight responsibility.
B. Scope of Work to be Performed
To meet the requirements of this request for proposal, the audit shall be performed in accordance with
generally accepted auditing standards as set forth by the American Institute of Certified Public
Accountants (AICPA). These audits are to be performed in accordance with the provisions included in this
request for proposal.
The Village of Woodridge desires the auditor to express an opinion on the fair presentation of its
combining and individual fund and account group financial statements and schedules in conformity with
generally accepted accounting principles. The auditor is not required to audit the supporting schedules
contained in the Annual Comprehensive Financial Report (ACFR). However, the auditor is to provide an
“in-relation-to” opinion on the supporting schedules based on the auditing procedures applied during the
audit of the basic financial statements and the combining and individual fund financial statements and
schedules. The auditor is not required to audit the introductory or statistical sections of the report.
The auditor shall render an opinion separately on the financial statements of the Woodridge Public
Library.
The auditor shall render an opinion separately on the financial statements of the Seven Bridges Golf
Course.
The auditor shall render an opinion separately on the financial statements of the Village Greens Golf
Course.
The auditor shall render an opinion separately on the financial statements of the Northern Will County
Water Agency, as the Village is acting Treasurer.
The auditor shall be responsible for preparing the Management’s Discussion & Analysis (MD&A) as
required by the Government Accounting Standards Board as mandated by generally accepted auditing
standards, according to the guidelines and requirements set forth by the Government Finance Officers
Association (GFOA). Staff shall review the MD&A and provide any necessary explanations.
The auditor shall also be responsible for preparing the supplemental and statistical information (trend
information only) required by the Government Accounting Standards Board as mandated by generally
accepted auditing standards.
The auditor is responsible for expressing an opinion on management's assertion that the Village of
Woodridge conformed to any compliance and reporting requirements of the State of Illinois for the Tax
Increment Financing District for the 75th Street Corridor Redevelopment Tax Increment Financing District
#3.
3
The auditor is responsible for expressing an opinion on the management’s assertion that the Village of
Woodridge complied with the requirements described in the U.S. Office of Management and Budget
(OMB) Circular A-133 (Single Audit Act) to each of its major federal programs. The Village does not
anticipate any single audits during the 5-year term.
The auditor is responsible for the compilation of the Illinois Comptroller's Annual Financial Report for the
Village and NWCWA. The responsibility also includes preparation of the Annual Financial Report and
electronically filing the report with the Comptroller's office.
The auditor shall provide to the Village all audit adjustments including appropriate backup
documentation, and will meet with staff to discuss these final adjustments.
An audit partner and/or manager shall be available not only during the audit preparation period, but also
on an as needed basis to answer questions in a timely manner and provide guidance on any particular issue
that may arise throughout the contract period.
C. Auditing Standards to Be Followed
To meet the requirements of this request for proposal, the audit shall be performed in accordance with
generally accepting auditing standards, the standards as set forth by the American Institute of Certified
Public Accountants, and, if necessary, generally accepted government auditing standards issued by the
United States General Accounting Office (GAO, 1994), the provisions of the federal Single Audit Act of
1984 (as amended in 1996) and U.S. Office of Management and Budget (OMB) Circular A-I33, Audits of
States, Local Governments, and Non-Profit Organizations. Any special compliance and reporting
requirements of the State of Illinois for Tax Increment Financing Districts shall be followed.
D. Reports to be issued
The auditor will provide covers, binders and any dividers needed for the ACFR. The auditor will provide
copies of all sections of the report and will be required to punch, collate and bind documents. The auditor
shall prepare the following reports including typing, reproducing and assembling, at the completion of the
audit:
1. Two (2) copies of the Annual Comprehensive Financial Report. An electronic format of the whole
ACFR will be provided to the Village in PDF format. The auditor will prepare all financial statements
and notes to the financial statements. The auditor shall make the ACFR available in Excel files as
requested.
2. Two (2) copies and one (1) pdf electronic file of the report on the compliance with provisions of 65
ILCS 5/11-74 of the Illinois Tax Increment Redevelopment Allocation Act.
3. One (1) pdf electronic file of the Illinois Comptroller's Annual Financial Report for the Village of
Woodridge.
4. Five (5) copies of the Woodridge Library Annual Financial Report and one (1) pdf electronic copy. The
auditor will prepare all financial statements and notes to the financial statements.
5. Five (5) copies of the Seven Bridges Golf Course Financial Report and one (1) pdf electronic copy.
4
6. Two (2) copies of the Village Greens Golf Course Financial Report.
7. Ten (10) copies and one (1) pdf electronic copy of the Northern Will County Water Agency Annual
Financial Report and SAS 114 Letter.
E. Other/Miscellaneous Services
2. Two (2) copies of the management letter communicating any reportable conditions found during the
audit with the appropriate recommendations for improvement. The Director of Finance shall review the
letter before finalizing. The letter should contain management’s response for the fiscal year being
audited, status of comments of the previous fiscal year, and GASB pronouncement(s) to be
implemented in the following fiscal year.
3. Prepare responses to prior year comments from the Government Finance Officers Association Review
Committee relating to the Certification of Achievement for Excellence in Financial Reporting Award
Program.
4. Auditor shall be required to make an immediate written report of all irregularities and illegal acts of
which they become aware and present such report to the Director of Finance, the Assistant Director of
Finance and/or the Village Administrator.
5. Prepare the Representation Letter.
6. Review and mail confirmation letters.
7. Auditor to provide updated Peer Review Opinion and Peer Review Acceptance Letter, per GATA
reporting requirements by the State of Illinois.
Failure to deliver the reports and other/miscellaneous information by the appropriate deadlines may result
in a 10% reduction of the audit fee and termination of future audit engagements.
F. Special Considerations
The Village has received the Certificate of Achievement of Excellence in Financial Reporting for thirteen
consecutive years. The ACFR for each of the fiscal years covered by this request for proposal is expected to
be submitted to the Government Finance Officers Association for consideration for the certificate. The
Village’s annual comprehensive financial reports are expected to meet GFOA award program requirement.
The auditor will be expected to meet the GFOA award program requirements. The auditor will be expected
to review the final draft of the ACFR for compliance with the current certificate program checklist.
The Schedule of Expenditures of Federal Awards and related auditor’s report, as well as the reports on
internal controls and compliance are not to be included in the annual comprehensive financial report, but
are to be issued separately.
The auditor will be required to inform and assist the Village in implementing future accounting
pronouncements issued by the Government Accounting Standards Board that might impact the Village.
Such assistance shall be included as part of the proposed fee for that year. The auditor will prepare any
GASB-related journals needed pertaining to the government-wide financial statements, and provide those
entries to the Village Finance Department.
5
You are viewing the opportunity summary page, which includes a brief overview and a preview of the attached documents.
Disclaimer: The details regarding bids, requests for proposals (RFPs), and requests for qualifications (RFQs) on this site are provided for convenience and do not represent official public notice. To respond to or inquire about bids, RFPs, or RFQs, please contact the appropriate government department.
TRY FOR FREE
Not a GovernmentBidders Member Yet?
Get unlimited access to thousands of active local, state and federal government bids and awards in All 50 States.