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CITY OF SUNNY ISLES BEACH, FLORIDA REQUEST FOR PROPOSAL NO. 10-06-01 PROFESSIONAL AUDITING SERVICES 1.1 INTRODUCTION The City of Sunny Isles Beach, Florida, (the "City") a municipality located in Miami-Dade County, Florida, requests qualified Proposers ("Proposers") to submit proposals for Professional Auditing Services ("Services"). The contract will be awarded by the City to the Proposer whose proposal best serves the interests of, and represents the best value to, the City in accordance with the criteria set forth in Section 62-8 of the City Code. 1.2. NATURE OF SERVICES REQUIRED A. Engagement Terms The City of Sunny Isles Beach is requesting proposals from qualified firms of certified public accountants to audit its financial statements for three years, with the initial fiscal year ending September 30, 2010. We will also consider an option of two one year renewals for a total of a five year term. B. Work Objective The City of Sunny Isles Beach is requesting proposals from qualified independent Certified Public Accountants and/or firms licensed to practice in the State of Florida for the purpose of providing an annual examination of the financial statements and records of the City of Sunny Isles Beach. The audit shall be conducted for the purpose of forming an opinion of the general-purpose financial statements taken as a whole and to determine whether operations were conducted in accordance with legal and regulatory requirements. These audits are to be performed in accordance with generally accepted auditing standards and the standards for financial audits set forth in the U.S. General Accounting Office's (GAO) Government Auditing Standards, the provisions of the Federal Single Audit Act Amendments of 1996, and the U.S. Office of Management and Budget (OMB) Circular A-l33, Audits of State and Local Governments and the provisions of the Florida Single Audit Act.