RFP# 26-667-1800-27802 - Audit Services

The purpose of this Request for Proposals (RFP) is to acquire a contractor to assist in the preparation and audit of NMED's financial statements and to perform a Federal Single Audit of NMED’s federal funds for the fiscal year ending June 30, 2026, in accordance with generally accepted auditing standards and rules issued by the New Mexico Office of the State Auditor, specifically the 2.2.2 NMAC Audit Rule [Requirements for Contracting and Conducting Audits of Agencies].The contractor will perform a special Federal Single Audit of NMED’s Clean Water State Revolving Fund (CWSRF–Fund 12100) and the Clean Water Administrative Fund (CWAF-Fund 32700) for the fiscal year ending June 30, 2026, pursuant to the Office of Management and Budget Circular (Uniform Grant Guidance) [Audits of States, Local Government, and Non-Profit Organizations] and the United States Environmental Protection Agency (EPA) requirements, which is NMED’s federal oversight agency for audit purposes.The contractor will provide a multi-year proposal to provide audit services, not to exceed a term of Four (4) years including all extensions and renewals. The successful Independent Public Accountant (IPA) will be awarded a multi-year contract with an initial one-year (FY26) contract, with the option to extend for three successive one-year terms (FY27, FY28 & FY29) at the same price, terms and conditions as stated on the original proposal. Respondents are required to provide a brief summary of their audit approach and include a preliminary plan (i.e., a schedule) that outlines the list of items and deliverables for the proposal. The approach and preliminary plan should focus on the completion of NMED’s FY22 audit on or before the November 1, 2026 deadline. NMED reserves the option to renew the initial one-year contract for three additional fiscal years pursuant to NMSA 1978, Section 13-1-150 and 2.2.2 NMAC. Exercising the option to extend must be by mutual agreement of the parties to the contract and with the approval of the State Auditor. In the event that either of the parties to the contract elects not to extend, or the State Auditor disapproves the recommendation for renewal, NMED shall solicit competitive sealed proposals and contract for audit services in accordance with the Procurement Code, NMSA 1978, §§ 13-1-1 to -199; Department of Finance and Administration (DFA) Rule 2.40.2 NMAC, Governing the Approval of Contracts for the Purchase of Professional Services; and 2.2.2 NMAC, Audit Rule.

Events & Timeline

Requested Information

Note: Template files for the items below (BidTables, Questionnaires) are available in the Attachments section of this opportunity.

Attachments

• RFP_26-667-1800-27802_Audit_Services_Final.pdf