IPL Financial Risk Assessment Utility Management Audit

The City of Independence, Missouri, issued a Request for Proposal (RFP) for a Financial Risk Assessment and Utility Management Audit for the Power & Light Department (IPL). The audit aims to evaluate IPL's current key business practices, benchmarking to national standards, and provide recommendations for improved management and operation techniques. The contract was awarded to Management Partners, Inc. • The audit includes a financial risk assessment to achieve optimal efficiency while maintaining effective internal controls. • The management audit examines records, administrative regulations, policies, objectives, goals, plans, practices, methods, or other criteria utilized by management. • The audit is intended to be an independent, objective consulting activity designed to add value and improve the Department's operations. • The RFP was posted on October 10, 2016, and the bid submission date was October 31, 2016.