Financial Advisory Services

The City of Winston-Salem is seeking a financial advisory firm to provide ongoing financial advisory and consulting services for a period of 3 years, with the option to renew for an additional 2 years. The selected firm will provide services including financial advising on debt issuances, monitoring and advising on potential debt refundings, and assisting the city in organizing the financing team for transactions. The firm will also develop financial and debt models to aid the city in determining bond issuance capacity and tax rate impact of new debt. • The city has a population of approximately 260,000 and operates with an adopted FY2025-26 budget of $724.7 million. • The proposed FY 2027 budget is available on the city's website. • The city is considering future debt issuances, including a $10.3 million two-thirds bond issuance in July 2027 and an $80 million water and sewer revenue bond issuance in 2028. • The city is seeking a firm with experience providing financial advisory services to governmental units of similar size and complexity. • The firm will be evaluated based on cost effectiveness, relevant qualifications and experience, and reference list of governmental clients.