The City of Naples is requesting proposals from experienced and qualified firms of certified public accountants to audit its financial statements for the fiscal years ending September 30, 2026, 2027 and 2028 with an optional two (2) one (1) year renewals, if mutually agreed upon by the CITY and CONTRACTOR. Pursuant to the City of Naples Code of Ordinances, Sec.2-667(7)(e), the term of this contract may be extended by the parties for no more than two years. Each renewal or extension shall be automatically extended for automatic and successive additional terms, unless either party gives written notice to the other not fewer than ninety (90) days prior to the expiration of the then current term.
These audits are to be performed in accordance with generally accepted auditing standards, the standards set forth for financial audits in the General Accounting Office's (GAO) Government Auditing Standards, the provisions of the federal Single Audit Act of 1984 (as amended) and U.S. Office of Management and Budget (OMB) Compliance Supplement, Audits of States, Local Governments, and Non-Profit Organizations, as required.
Independent auditors are hired by, and report to, the Naples City Council. The City Council has named an audit committee to evaluate the proposals and to recommend an auditing firm.