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Request for Proposals – Professional Auditing Services


The City of Lake Elmo is requesting proposals from qualified firms of certified public accountants to audit its financial statements for the fiscal year ending December 31, 2018, with the option of auditing its financial statements for each of the four subsequent fiscal years. These audits are to be performed in accordance with generally accepted auditing standards and the standards for financial audits set forth in the U.S. General Accounting Office’s (GAO) Government Auditing Standards, and, if applicable, the provisions of the federal Single Audit Act of 1996 and Title 2 U.S. Code of Federal Regulations Part 200, and U.S. Office of Management and Budget (OMB) Circular A-133, Audits of State and Local Governments as well as all other Federal, State and local requirements in effect now or placed in effect during the engagement.

There is no expressed or implied obligation for the City of Lake Elmo to reimburse responding firms for any expenses incurred in preparing proposals in response to this request.

To be considered, qualified firms bust submit five (5) copies of their proposal to Susan Iverson, Finance Director, 3880 Laverne Ave, N., Suite 100, Lake Elmo, MN 55042 by 4:00 P. M. on Friday, November 2, 2018. The City of Lake Elmo reserves the right to reject any and all proposals submitted.

The City of Lake Elmo reserves the right, where it may serve the City of Lake Elmo’s best interest, to request additional information or clarifications from proposers, or to allow corrections of errors or omissions. At the discretion of the City of Lake Elmo, firms submitting proposals may be requested to make oral presentations as part of the evaluation process.

The City of Lake Elmo reserves the right to retain all proposals submitted and to use any ideas in a proposal regardless of whether that proposal is selected. Submission of a proposal indicates acceptance by the firm of the conditions contained in this request for proposals, unless clearly and specifically noted in the proposal submitted and confirmed in the contract between the City of Lake Elmo and the firm selected.

It is anticipated the selection of a firm will be made by mid-November 2018. Following the notification of the selected firm, it is expected a contract will be executed between both parties as soon as possible.

See the link below for the full RFP Application Packet

Lake Elmo RFP – Professional Auditing Services Application Packet