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Contract Award for Single, Financial Audit Services
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DESCRIPTION: The purpose of this request is to award the contract for Financial Audit, Single Audit, Statewide Agreed-Upon Procedures, and National Transit Database (NTD) Agreed-Upon Procedures services for the years ending December 31, 2025 through December 31, 2029, to independent CPA firm, Plante Moran.
AGENDA NO: Click or tap here to enter text.
ACTION REQUEST:
? Approval ? Review Comment ? Information Only ? Other
RECOMMENDATION:
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To authorize the Chief Executive Officer to award a contract to Plante Moran for audit and agreed-upon procedure services for the years ending December 31, 2025 through December 31, 2029. (RFP 2025-033). The contract has a not-to-exceed amount of $671,700.
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ISSUE/BACKGROUND:
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In 2025, the six-year contract (originally five years plus a one-year extension) with Carr, Riggs, & Ingram ended, resulting in the need to place audit and agreed-upon procedures services for the next five years, 2025 through 2029, out for bid.
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DISCUSSION:
These services are necessary to ensure compliance with financial reporting requirements, including the Financial Statement Audit, Single Audit, Statewide Agreed-Upon Procedures, and NTD Agreed-Upon Procedures.
The total fee proposal of $671,700 is allocated as follows:
* $552,600 - External audit services in accordance with Generally Accepted Auditing Standards (GAAS), Government Auditing Standards, and the Uniform Guidance Single Audit.
* $55,000 - Agreed-Upon procedures as required by the Louisiana Legislative Auditor.
* $64,100 - Agreed-Upon procedures as required by the Federal Transit Administration for the National Transit Database.
FINANCIAL IMPACT:
The total cost for the contract is $671,700, which will be funded through budget account 01-5100-02-7060-171-89-00-00000-00000.
NEXT STEPS:
Upon RTA Board approval, the contract will be awarded and executed, and the funds will be allocated accor...
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