I. Introduction
CMD is requesting proposals from qualified firms of Certified Public Accountants to provide auditing services for the fiscal year ending June 30, 2024, June 30, 2025, and June 30, 2026. These audits are to be performed in accordance with generally accepted auditing standards.
The auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by GASB Statements 68 and 75.
Professional auditors are requested to provide additional services pertaining to any Federal or State Grants required by their agencies. The District will probably require a single audit be conducted in accordance with Title 2, Subpart F of the Code of Federal Regulations.
The auditor will be required to prepare supplementary information concerning the debt service coverage schedule. The District must maintain compliance with its revenue bond debt covenants. The covenant states net revenues are to be no less than 125% of total outstanding debt service. Net revenues are broadly defined as operating income plus depreciation and amortization expense.
II. Project Contact
Contact: Richard Zhao, Finance Manager
E-Mail: [email protected]
Telephone: (803) 385-5123
Address: P.O. Box 550 (155 Wylie Street), Chester, South Carolina 29706
III. Deadline for Submittal
Proposals shall be submitted in a sealed envelope, clearly marked with CHESTER METROPOLITAN DISTRICT AUDIT PROPOSAL. The deadline for proposals by interested parties is November 30, 2023 by 5:00 p.m.
Questions related to this solicitation may be directed to Richard Zhao, Finance Manager, at the above-contact methods.
Questions via phone shall not be accepted.
For full documentation and forms, please download the complete RFP Package below.