Financial Audit Services

Johnston Community College (JCC), a member of the North Carolina Community College System, is soliciting proposals from qualified independent certified public accounting firms to perform the financial statement audit of the College for the fiscal year ending June 30, 2027.

The College's fiscal year ends June 30. Its financial statements are prepared in accordance with accounting principles generally accepted in the United States of America as prescribed by the Governmental Accounting Standards Board (GASB), together with statewide accounting policies established by the North Carolina Office of the State Controller (OSC).

The audit contemplated by this RFP is the College audit. The Johnston Community College Foundation, Inc. audit is separate and is not included in this solicitation unless the College later modifies the scope by written addendum.

The intent of this solicitation is to award an Agency Contract.

The audit contemplated by this RFP is the College audit. The Johnston Community College Foundation, Inc. audit is separate and is not included in this solicitation unless the College later modifies the scope by written addendum.

JCC is part of North Carolina's Community College System (NCCCS), which includes 58 community colleges across the State. As a member of the NCCCS, JCC is required to submit an Annual Comprehensive Financial Report (ACFR) to the Office of the State Controller. [...] It is preferred that the audit be completed prior to December 15. The financial statements are presented in accordance with accounting principles generally accepted in the United States of America as prescribed by the Governmental Accounting Standards Board (GASB).

Under N.C.G.S. § 115D-58.16, each North Carolina community college is subject to a financial audit at least once every two years and may contract with a certified public accountant to perform the audit. The College intends this procurement to satisfy the applicable competitive selection and OSA approval requirements for contracted audit services.

Authority and Required Approvals

• N.C.G.S. § 147-64.7(b)(2) requires prior written approval from the State Auditor for State-agency audit contracts that may affect the State's Annual Comprehensive Financial Report.
• The College will submit the proposed contract and the selected firm's most recent peer review report to OSA for review and approval before execution.
• The selected firm shall not begin the audit before OSA approval is received.
• Any renewal that significantly alters contract terms may also require OSA review and approval.
• If OSA, OSC, NCCCS, or another governing authority establishes a more restrictive requirement or earlier deadline, the more restrictive requirement shall control.

All proposal responses shall be submitted electronically via the electronic Vendor Portal (eVP). **Electronic responses ONLY will be accepted for this solicitation.** Late bids, regardless of cause, will not be opened or considered, and will be automatically disqualified from further consideration.

Proposals will be received from each Vendor as two separate volumes - the Technical Proposal and the Cost Proposal. Both proposals (Technical and Cost) shall be signed and dated by an official authorized to bind the firm. Unsigned proposals will not be considered.

A ranking method of source selection will be utilized in this procurement using evaluation criteria listed in order of importance. "Best Value" may result in award other than the lowest price or highest technically qualified offer.

The Contract shall have an initial term of one (1) year, beginning on the date of final Contract execution (the "Effective Date"). JCC shall have the option, in its sole discretion, to renew the Contract on the same terms and conditions for up to two (2) additional one-year terms.

Offer shall be valid for at least sixty 60 days from date of bid opening.

For a contract to be awarded to you, your company (you) must be a North Carolina registered Vendor in good standing.