.pdf RFP-1801-Addendum-1

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Addendum 1 to RFP 1801 Date: May 11, 2018 From: Justin Attaway, Business Manager/CSBO RE: Addendum 1 to RFP 1801 Audit Services Following several questions from potential participants, District 69 would like to issue the following clarifications to the RFP. 1. Why is the District requesting proposals for auditing services this year? Is it the intent of the District to change auditing firms? As part of a due diligence review of all professional services, the Board has requested that administration receive proposals from qualified public accounting firms. An audit firm will be chosen based on the quality and content of the proposal and potential oral interview. Preference will not be given to firms based on previous relationships with the District. 2. If it is the District’s intent to change auditing firms, how much will fees determine your selection? We did see the evaluation criteria in the RFP, but fees seem to be a large determining factor by Boards. While fees are a component of the evaluation criteria, the District will be reviewing all aspects listed in the Selection Criteria. Fees are not intended to be the primary component of the evaluation and selection. 3. If not precluded by a rotation policy, is it anticipated that your former auditor will be proposing again? The former auditor was not excluded from the RFP and may submit a proposal for consideration. 4. Can you provide a list of auditing firms that have been invited to bid? The RFP was not limited to specific firms. It was displayed publicly on the District’s website for any qualified firm to submit proposals. As a result, it is difficult to identify the specific firms that are in possession of the RFP and may submit proposals. 5. An adverse opinion was issued on the AFR filed with ISBE that is posted on your website. Why did the auditing firm issue an adverse opinion? There were no audit findings in FY17. It is assumed that the adverse finding is due to the financial statements being prepared on the basis of accounting practices prescribed by the Illinois State Board of Education (ISBE) to demonstrate compliance with ISBE’s regulatory basis of accounting and budget laws, which is different than accounting principles generally accepted in the United States of America. 6. The RFP requests the final reports be completed and issued to the District by October 1st. The final reports for the past three years have been issued in late October and early November.