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Awarded contract·Austin Community College·Texas

District-Wide External Financial Auditing Services

Won by CliftonLarsonAllen LLP$750kAwarded 6/17/2025Single Award
Contract source

Awarded vendors

  • CliftonLarsonAllen LLP

Description

The Austin Community College District (ACC) issued an RFQ for district‑wide external financial auditing services covering the fiscal year 1 Sep 2024 – 31 Aug 2025, with a potential extension of up to four additional years. The scope includes the annual financial statement audit, single‑audit compliance, review of all district funds, evaluation of internal controls, and delivery of the final audit report to the Board of Trustees. ACC will provide workspace and staff assistance, while the awarded firm must assign a qualified audit manager and an in‑charge accountant with at least two years of experience auditing community colleges or comparable public entities. The award was made to CliftonLarsonAllen LLP (CLA) following a competitive process that attracted multiple qualified bidders. Submission of the RFQ response was required by 7 May 2025, with a separate rates and fee schedule due by 9 May 2025. The contract is expected to commence on 1 July 2025 and runs for an initial one‑year term, with the possibility of four one‑year extensions. The solicitation emphasizes compliance with Texas and federal audit standards, small‑business participation (minimum 30 % SLBE), and specific insurance and bonding requirements. • Scope: Comprehensive external audit (financial statements, single audit, internal‑control assessment) for the entire ACC district. • Awarded Vendor: CliftonLarsonAllen LLP (CLA). • Timeline: RFQ response due 7 May 2025; award announced 17 Jun 2025; contract start 1 Jul 2025; up to four optional extensions. • Requirements: CPA licensure in Texas, insurance minimums, staffing qualifications, and a 30 % small‑business participation plan.

Attached files

Key dates

Bids closed
5/7/2025
Intent to award
6/17/2025
Awarded
6/17/2025
Starts
7/1/2025
Duration
1 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541211
Solicitation №
946-25-239-S-JA-RFQ

Contract value

$750,000

The solicitation does not disclose a contract ceiling. However, district‑wide external audits for a community college system typically range from $400,000 to $1,200,000 depending on the size of the district, the number of grant‑funded programs, and the complexity of the single‑audit requirements. ACC’s district includes multiple campuses and a variety of federal‑state funded programs, suggesting a mid‑range estimate. Assuming an average audit fee of $250 per hour, a staff of 4‑5 auditors working roughly 1,200 hours over the audit year would produce a cost near $300,000. Adding project management, reporting, and compliance deliverables pushes the total toward $600,000–$800,000. Considering the optional extensions and the need for a robust audit team, a reasonable ball‑park figure is about $750,000 for the initial one‑year term.

AI estimate from the award documents

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