Find RFPs below for services needed for the Special Service Area #60

Request for Proposals

REQUEST FOR PROPOSAL FOR SSA AUDITOR FOR YEAR ENDING 2024


NORTH RIVER COMMISSION
ALBANY PARK & IRVING PARK SPECIAL SERVICE AREA #60

REQUEST FOR PROPOSAL:
2024 AUDIT OF FINANCIALS

North River Commission (NRC) as service provider for the Albany Park & Irving Park Special Service Area #60 (SSA 60) is issuing this request for proposals (RFP) to secure a vendor for an audit of financials for the calendar year 2024.

Issued by:
North River Commission
3403 W. Lawrence Ave Ste 301
Chicago, IL 60625


NOTE: HARD-COPY SUBMISSIONS NOT REQUIRED, DIGITAL SUBMISSIONS PREFERRED


SUBMIT PROPOSALS AND/OR INQUIRIES TO:

Kay Villamin 
email: kay@northrivercommission.org
direct: 312.860.6121


RESPONSES MUST BE RECEIVED NO LATER THAN:

FRIDAY, FEBRUARY 7 AT 5PM CST


NOTE: ATTACHMENT AS REQUIRED BY CITY OF CHICAGO INCLUDED AFTER SSA#60 RFP,
“AUDITING & AUDIT PROCESS”

GENERAL INVITATION

The Albany Park & Irving Park Special Service Area #60 (SSA #60) was created by the City of Chicago to provide additional services to the 33rd & 35th Wards along Lawrence Ave, Montrose Ave, Irving Park Rd, Kedzie Ave, and Kimball Ave. The primary source of funds is from real estate taxes on certain property in the Special Service Area. SSA #60 generates revenue for the sole purpose of improving and enhancing the business district. 

Please find attached the requirements as required by the City of Chicago for performing an audit of the Albany Park & Irving Park Special Service Area. Please provide the materials requested and the price you propose in your response. Selection of the CPA firm will be determined by ability to provide the information requested. 

The City of Chicago’s full auditing process is attached below for reference.

PROPOSAL SUBMITTAL REQUIREMENTS

Executive Summary. A brief narrative must delineate the general understanding of the project and the approach/methodology the vendor is proposing to complete the requested services. Vendors should reference projects of comparable size, scope, and magnitude where the above proposed approach/methodology were successfully implemented. The proposal must contain the signature of a duly authorized officer or agent of the company submitting the proposal.

  1. How the CPA Firm will conduct the audit in the first and any subsequent years.

  2. Qualifications and experience of the CPA Firm, management, and staff

  3. Policies on notification of changes in key personnel.

  4. Whether the proposed staff has received continuing professional education during the previous 2 years.

  5. Whether the CPA Firm has received a positive peer review within the last 3 years.

  6. Whether the CPA Firm is independent, as defined by auditing standards.

  7. Whether the CPA Firm was the object of disciplinary action in the past 3 years.

  8. Confirmation the CPA Firm maintains an active license in the State of Illinois and attached a copy of a current license with the RFP response.

  9. Confirmation the CPA Firm is not on the City’s debarred vendor list.

  10. Timeline to include a completion date of no later than May 1, 2025.

  11. Audit fee.

  12. Audit 


EVALUATION & SELECTION CRITERIA

NRC staff and the SSA Commission will review the submittals in accordance with the following criteria:

  1. The CPA Firm’s understanding of the audit requirements, including the needs of the area and the final products to be delivered.

  2. Soundness of technical approach to the audit, including the meeting of the Contractor’s specific deadlines and other requirements.

  3. Qualifications of the CPA Firm.

  4. Qualifications of the audit team. 

  5. The information provided by respondents in response to the RFP, including cost and independence.

SELECTION

NRC staff and the SSA commission will review the submitted proposals on Wed, February 12, 2025 and the selected vendor will be notified by Friday, February 14, 2025. The final Selection(s) will be based on the proposal that is most advantageous to NRC and SSA #60 on a project-by-project basis.

Please direct any questions or concerns and submit proposals via email (PDF) to: 

Kay Villamin

Executive Director

Email: kay@northrivercommission.org 

Direct: 312.860.6121