The Walton County Economic Development Alliance, Inc. (WCEDA) issued a request for proposal (RFP) for audit services to select an experienced audit firm to audit the financial records of the WCEDA for fiscal years 2020, 2021, and 2022. The engagement was anticipated to start in mid- to late October 2023 and last through the remainder of 2023. However, the WCEDA elected to reject all proposals submitted in response to the RFP due to cost submissions exceeding the budget for the services. The RFP may be re-designed and re-bid at a later date. Key aspects of the contract include:
• The audit must be performed in accordance with generally accepted auditing standards.
• The WCEDA does not require a federal single audit.
• The contract was not awarded due to cost submissions exceeding the budget.
• The RFP may be re-designed and re-bid at a later date.