Active SLED Opportunity · ILLINOIS · VILLAGE OF MOUNT PROSPECT
AI Summary
The Village of Mount Prospect seeks an auditor for the 2026 fiscal year to perform a comprehensive financial audit, including opinions on financial statements, compliance reports, and annual assessments of key business processes such as payroll and utility billing.
> **Attachments are gated.** To access the full download package ($5), contact [support@samsearch.co](mailto:support@samsearch.co). The Village of Mount Prospect desires the auditor to express an opinion on the fair presentation of its basic financial statements in conformity with generally accepted accounting principles. The Village of Mount Prospect also desires the auditor to express an opinion on the fair presentation of its combining and individual fund financial statements and schedules in conformity with generally accepted accounting principles. The auditor is not required to audit the supporting schedules contained in the Annual Comprehensive Financial Report. However, the auditor is to provide an “in-relation-to” opinion on the supporting schedules based on the auditing procedures applied during the audit of the basic financial statements and the combining and individual fund financial statements and schedules. The auditor is not required to audit the introductory section of the report or the statistical section of the report. The auditor shall also render an opinion separately on the financial statements of the Mount Prospect Public Library. The auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by the Governmental Accounting Standards Board as mandated by generally accepted auditing standards. Following the completion of the audit of the fiscal year’s financial statements, the auditor shall issue: 1. A report on the fair presentation of the financial statements in conformity with generally accepted accounting principles, including an opinion on the fair presentation of the supplementary schedule of expenditures of federal awards “in relation to” the audited financial statements. 2. A report on compliance and internal control over financial reporting based on an audit of the financial statements. 3. A report on compliance and internal control over compliance applicable to each major federal program. 4. The Village also requests the actual field work to be scheduled around 2nd and 3rd week of April. The Village is also interested in having the selected auditor perform an in-depth assessment of its major business processes including accounts payable, payroll, cash receipts and utility billing. The assessment will consist of reviewing current policies, procedures and internal controls for a specific process, evaluating compliance to these controls and making recommendations for improvement. It is anticipated that one review would be conducted annually. The process to be reviewed each year will be determined after the auditor has been selected. A separate fee schedule for these reviews should be included in the cost proposal. In addition, the firm shall respond to the reasonable inquiries of successor auditors and allow successor auditors to review working papers relating to matters of continuing accounting significance. ## Details **Bid Opening Date:** 2026-05-29T13:00:00 **Fiscal Year:** 2026 **Solicitation Number:** RFP-FIN2026-001-0-2026/JL **Bid Number:** FIN2026-001 **Bid Type:** RFP - Request for Proposal **Document Distribution Method:** Download **Document Distribution Notes:** None **Distribution Options:** Bid has no blueprints associated with it **Electronic Bidding:** Yes **County:** Cook County **Planholders:** 5
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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