Expired
RFP

Financial Audit Services

Orange County Power Authority CA

Important Dates

Deadline

Aug 13, 2021 5:00 PM

Deadline passed

Published

Aug 1, 2023

AI Overview

Orange County Power Authority (OCPA) is seeking proposals from qualified consultants or firms to provide auditing services of their financial statements for the period from November 20, 2020 (JPA Inception date) through June 30, 2021. The audit is to be performed in accordance with auditing standards generally accepted in the United States of America. OCPA is a California Joint Powers Authority (JPA) created on November 20, 2020, as a Community Choice Aggregator (CCA) in Orange County. OCPA serves the cities of Buena Park, Fullerton, Huntington Beach, and Irvine. For the year ended June 30, 2021, OCPA is in its early start-up phase with minimal financial activity and no revenues. The sole source of financing is from a loan provided from the City of Irvine, with repayment required no later than January 1, 2027. Through the end of June 30, 2021, OCPA has received $2,500,000 in loan proceeds. The work must be completed by December 31, 2021, with no exceptions due to reporting requirements per the JPA agreement. Following completion of the audit, the Consultant shall issue a report on the fair presentation of the financial statements in conformity with generally accepted accounting principles, including Management's Discussion and Analysis, the Basic Financial Statements, and Notes to the Basic Financial Statements.

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