RFP Financial Statement Audit

The City of Dothan entered into a three‑year, fixed‑price audit agreement with McDaniel & Associates, P.C. to perform comprehensive external audits of the City’s financial statements, prepare annual comprehensive financial reports (ACFR), and conduct compliance testing of major federal award programs for fiscal years 2027‑2029, with optional extensions for FY 2030‑2031. The contract includes preparation of the Schedule of Expenditures of Federal Awards (SEFA), limited non‑attest services such as journal‑entry proposals and assistance with financial‑statement preparation, and required delivery of audit reports, compliance opinions, and data‑collection forms to the federal audit clearinghouse. Fees total $387,000 over three years, billed monthly, and the auditor must retain work papers for at least five years. • Scope: Full financial‑statement audit, ACFR preparation, federal‑award compliance audit, SEFA audit, limited non‑attest services. • Duration: Effective 6 Oct 2026 – 30 Sep 2029 (3 years) with two optional one‑year renewals. • Compensation: Fixed fees $127k (FY 2027), $129k (FY 2028), $131k (FY 2029); invoices issued monthly.