Audit Services for FYE 3/31/26-3/31/28

Description

The Cumberland Housing Group Cumberland Housing Alliance, Inc. Housing Authority of the City of Cumberland Request for Proposals Audit Services Introduction: The Cumberland Housing Group consists of two separate agencies operating multiple programs under one location and will be collectively referred to as such throughout this document. A brief description of each agency follows. The Housing Authority of the City of Cumberland is a Maryland chartered Public Housing Authority which administers 314 units of Public Housing and 177 units of Section 8 Project Based Rental Assistance (PBRA) On July 9, 2020, River Bend Court closed, and JFK Apartments closed on March 21, 2024). The Housing Authority is in the process of a full portfolio RAD Conversion of all units to PBRA. A Section 8 CHAPS is issued for one of the five remaining developments, with the desire in the future that all will be PBRA. For FYE 3/31/2027, the Housing Authority received a HUD Disposition approval for 1034 Frederick St. (Amp 10) and after the initial year will not need to be included on the audit. The Cumberland Housing Alliance, Inc. is a Maryland non-profit 501c3 charted corporation which serves as the development arm of the Housing Authority. This agency has a separate Board of Directors and utilizes the same staff as the Housing Authority. Request: The Cumberland Housing Group is requesting proposals to conduct Audit Services for the twelve (12) month period ending March 31, 2027 for all agencies and programs. While River Bend Court and JFK Apartments 12/31 FYE numbers are included in the annual audit report, a full audit is performed by another auditing firm and is not completed by awarded firm. It will also include an option to renew for two additional one-year terms. The Audit shall be performed in accordance with generally accepted auditing standards and the auditing and reporting provisions of the applicable HUD Audit Guide for the low-income housing program for use by Independent Public Accountants, herein referred to as requirements of the Single Audit Act of 1984 and OMB Circular A133, including all revisions. The audit performed shall be sufficient in scope to enable the Contractor to express an opinion in the audit report on the financial statements of the PHA. The auditor will be required to perform the audit to meet the GAAP reporting requirements as established by HUD’s REAC division and submit all reports as required via computer.