Fayette County Public Schools (FCPS) is seeking audit services for the fiscal years **** through 2029-2030. The contract will cover the audit of the FCPS Annual Financial Report (AFR), elementary, middle, and high school activity funds, and audits required under the Single Audit Act. Ancillary accounting services may also be required. Proposals are due by June 12, 2026, at 2:00 PM local time. All bids and RFPs are managed through BidNet, and vendors must register on www. ***. *. * contract will be awarded to the responsible and responsive offeror providing the best value. Past offeror performance will be considered, and firms with a record of poor performance in the last 24 months may be deemed non-responsible.
Proposals are due by June 12, 2026, by 2:00 PM local time.
Payments for bid items are normally approved at the regularly scheduled meeting of the board on the fourth Monday of most months, provided bid items and invoices are properly received by the first Monday of the month. However, payments may be made early to take advantage of cash discounts offered, provided the taking of such discounts is advantageous to FCPS.
The RFP shall be awarded to the responsible and responsive offerors as defined in KRS ****, providing the best value. The RFP may be awarded to multiple offerors if in the best interest of the district.
The firm must be properly licensed for public practice and must be qualified as a certified public accounting firm in the register of Kentucky Accountancy and approved by SCSDA. Staff assigned by the firm to conduct audit work must meet the independence requirements of the AICPA and KRS 156. 480. The firm must meet the CPE and quality review requirements of the Yellow Book and KDE. The firm has no reprimand for substandard audit work as verified by the most recent opinion given on either its quality review, quality enhancement or peer review, whichever is applicable. The firm's field team must have at least one member experienced and qualified in performing an audit under the provisions of Office of Management and Budget Circular 2 CFR Part 200 and have at least two full years of experience in uniform administrative requirements, cost principles, and audit requirements for federal awards. Audit team members involved in the KDE Redbook school activity fund audit shall have at least two full years of experience in school activity fund auditing.
There may be a 10% reduction of the audit fee if the audit report is not submitted in accordance with the delivery requirements or if the audit report does not contain the required information. The accountant may be ineligible to conduct a school district audit for the upcoming fiscal year if these conditions occur. Penalties may be waived at the discretion of the committee for delays caused by circumstances beyond the accountant's control.
All questions must be submitted in writing through BidNet no later than 2:00 PM, May 28, 2026.
Erasures or the use of typewriter correction fluid on proposal forms are unacceptable and may result in rejection of the proposal. Proposals submitted on company forms may be rejected. Failure to comply with occupational license and net profits tax filings and payments in Lexington, Kentucky, may result in bid rejection or contract cancellation. Submitting a proposal with language purporting to render all or significant portions confidential, trade secret, or proprietary may be regarded as nonresponsive. Offerors with a record of poor performance with the school district in the last 24 months may be found non-responsible and ineligible for award. Modifications, additions, or changes to the terms and conditions of this solicitation may be cause for rejection of the proposal.
