| Town of Foster Request for Proposals
Request for Auditing and Agreed-Upon Procedures Services
The Town Council of the Town of Foster is soliciting bids for an independent audit of the Town for five fiscal years ending June 30, 2026, June 30, 2027, and June 30, 2028, June 30, 2029, and
June 30, 2030.
The Foster School Department implemented the Uniform Chart of Accounts (UCOA). The auditors engaged to perform the annual audit of the School Department shall also be engaged to report on their tests of compliance with the School UCOA requirements in an agreed-upon procedures compliance attestation format.
Specifications may be obtained on the Town of Foster web site www.townoffoster.com or at the Finance Department, Town Hall, 181 Howard Hill Road, Foster, Rhode Island.
Sealed bids are to be submitted to the Foster Town Clerk, 181 Howard Hill Road, Foster, RI 02825 by May 25 at 2PM and will be opened at that time in the Finance Office. The contract will be awarded at the May 28, 2026 Town Council Meeting.
Bids are to be sealed and identified as “Audit and Agreed-Upon Procedures Bids” on the outside of the envelope.
The Town Council reserves the right to reject any bidder if it deems that it does not possess the personnel, experience and other resources to complete the audit and agreed-upon procedures in accordance with the specifications herein. The Town Council may also reject all bids. In either case, the reason shall be documented.
Published: May 4, 2026 Website: Town and State of RI
Town of Foster Request for Proposals INTENT
It is the intent of the attached specifications to set forth the requirements for the Audit of the annual comprehensive financial statements of the Town of Foster for its fiscal years ending June 30, 2026, 2027, 2028, 2029, and 2030 to include the Foster School Department, or other reporting requirements required by the R.I. Department of Education, and the submission of the Town’s ACFR to the GFOA for the Certificate of Achievement for Excellence in Financial Reporting.
The auditors engaged to perform the annual audit of the School Department shall also be engaged to report on their tests of compliance with the School UCOA requirements in an agreed- upon procedures compliance attestation format.
It shall be understood that the financial audit shall be conducted in accordance with accounting standards generally accepted in the United States of America, standards for financial audits set forth in Government Auditing Standards issued by the Comptroller General of the United States (Yellow Book), and the provisions of OMB Guidance 2 CFR part 200 - Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (OMB Uniform Guidance) – Subpart F – Audit Requirements.
Instructions to Bidders Town of Foster, Rhode Island
1. Receipt and Opening of Proposals:
Sealed proposals (Bid) will be accepted in the Town Clerk’s Office, Foster Town Hall, 181 Howard Hill Road, Foster, Rhode Island, 02825, until the time indicated on the request for proposals and will then be publicly opened and read at the time and place indicated on the advertisement for bids.
2. Form of Bid:
The total bid amount for each year shall include the amount of the fee and the amount of expenses. Bids submitted in any other manner will not be accepted. (See Bid Form page 13)
3. Submission of Bids:
a. Sealed envelopes containing 3 copies of bids must be addressed to the Town Clerk’s Department, Foster Town Hall, 181 Howard Hill Road, Foster, Rhode Island 02825 and must be marked with the name and address of the bidder, date and hour of bid opening, and the name of item in bid call (Audit Bids).
b. Any bidder may withdraw the firm’s bid by written request at any time prior to the advertised time of opening. Telephonic (fax or e-mail) bids, amendments, or withdrawals will not be accepted.
c. Unless otherwise specified, no bid may be withdrawn for a period of |
