REQUEST FOR PROPOSALS
MUNICIPAL AUDITING AND FINANCIAL SERVICES
The City of Wadena seeks proposals from qualified accounting firms to audit its financial statements for the fiscal year ending December 31, 2024, with optional extensions for 2025 and 2026. Audits must adhere to U.S. GAAP, Government Auditing Standards, and Minnesota Legal Compliance Audit Guide requirements.
Key Details:
Government Overview: Established in 1874, Wadena operates under a council-manager system with 43 full-time employees and a $4.3M General Fund budget. Enterprise funds include utilities, liquor, and recreational facilities.
Timeline:
RFP Due: December 6, 2024, by 4:30 PM
Recommendation: January 2024
Fieldwork Start: March 15, 2025
Draft Report Due: June 1, 2025
Final Report Due: June 15, 2025
Required Deliverables:
Financial statement reports, compliance reports, and internal control evaluations.
Assistance with tax increment financing reports, State Auditor forms, and fixed asset/depreciation records.
Evaluation Criteria:
Proposals will be assessed on mandatory requirements, technical quality, and price. Oral presentations may be requested.
Submission:
Send proposals and the firm’s latest Quality Review Report to:
Kim Schroeder, City Administrator
City of Wadena, 222 2nd Street SE, Wadena, MN 56482
By December 6, 2024, at 4:30 PM
Inquiries: Penny Poling, Finance Director
Email: finance@wadena.org | Phone: 218-631-7707
The City reserves the right to reject any or all proposals.