REQUEST FOR PROPOSALS from CERTIFIED PUBLIC ACCOUNTING FIRMS For SIOUX FALLS HOUSING AND REDEVELOPMENT COMMISSION AFFORDABLE HOUSING SOLUTIONS

REQUEST FOR PROPOSALS from CERTIFIED PUBLIC ACCOUNTING FIRMS For SIOUX FALLS HOUSING AND REDEVELOPMENT COMMISSION AFFORDABLE HOUSING SOLUTIONS A. PROGRAM INFORMATION. The Sioux Falls Housing and Redevelopment Commission and Sioux Falls Housing Corporation (hereinafter referred to as the PHA) is seeking a professional service contractor to perform independent auditing services, submissions to HUD's Real Estate Assessment Center, and submission of IRS Form 990 for the PHA for the three fiscal years ending September 30, 2026, 2027 & 2028. 'The Sioux Falls Housing and Redevelopment Commission is a component unit of the City of Sioux Falls; thus, the audit report is necessary for the City of Sioux Falls to issue its final audit. As such, the City of Sioux Falls has provided a due date of March 10th for the final audit report of Sioux Falls Housing and Redevelopment Commission B. SCOPE OF WORK. The audits must be performed in accordance with U.S. Generally Accepted Auditing Standards, Government Auditing Standards, South Dakota Codified Laws (SDCL) 4-11-7, and the auditing and reporting under the provisions of the OMB Budget Circular A-133, "Audits of States, Local Governments and Non-Profit Organizations" for use by Independent Public Accountants and for the audits of Public Housing Agencies by Independent Public Accountants. The audit will cover the examination of the books of account and financial records for the following: SIOUX FALLS HOUSING & REDEVELOPMENT COMMISSION Federal CFDA Number- Type of Program -# of Units 14.871 Housing Choice Vouchers 1,881 14.871 Veterans Affairs Supportive Housing 134 14.856 Section 8 Mod Rehab 8 14.856 Section 8 Mod Rehab 7 14.182 Section 8 New Construction Varies by year 14.238 Shelter + Care 33 14.238 Shelter + Care 5 14.896 Family Self-Sufficiency (FSS) N/A N/A South Sycamore Estates 16 AFFORDABLE HOUSING SOLUTIONS INC. Property -# of Units Graff Apartments 8 Homestead Circle Homes 2 Duluth Heights Apartments 11 Spring Pointe Apartments 4 Highland Five Apartments 5 Pettigrew Manor 8 Section 18 24 In addition: Sioux Falls Housing & Redevelopment (SFHRC) receives 1.Management fees from sixteen (16) unit apartment building: (South Sycamore Estates) 2.Management fees from Affordable Housing Solutions. 3.Management fees from Affordable Housing Solutions properties listed above. 4.Management fees from Spring Centre Apartments, a thirty-one (31) unit LIHTC property. SFHRC also receives funds from grants for the following programs: 1.Family Self-Sufficiency 2.HOME Tenant-Based Rental Assistance – City of Sioux Falls Community Development – CFDA Number 14.239 3.Housing Opportunities for Persons with AIDS (HOPWA) – State of Montana Department of Public Health and Human Services – CFDA Number 14.241 4.Any other grants or programs the PHA may secure Three (3) separate audit reports are required: 1.Sioux Falls Housing and Redevelopment Commission 2.Affordable Housing Solutions, Inc. 3.South Sycamore Estates Apartments (following South Dakota Housing Development Authority's Multifamily Housing Program Annual Financial Statement and Audit Guide) Two (2) separate management reports are required: 1.Sioux Falls Housing and Redevelopment Commission 2.Affordable Housing Solutions, Inc. One (1) IRS Form 990 is required to be prepared annually for Affordable Housing Solutions, Inc. Annual certification of electronic submission of audited financial data to HUD's Real Estate Assessment Center (REAC) under the Financial Assessment System (FASS) Separate attachments shall be provided to the PHA as required for specific lines of the FASS submission. Annual submission of Form SF-SAC Data Collection Form for the Single Audit Clearinghouse Annual submission of audit report to State of South Dakota Department of Legislative Audit In addition to the financial schedules required by Circular A-133, the audit report shall include the following schedules: 1.Financial Statements including Statement of Net Position, Statement of Revenues, Expenses and Changes in Net Position, Statement of Cash Flows, and Notes to Financial Statements. 2.Supplemental Information that must be audited and included in the auditor's opinion, if applicable, consisting of the Financial Data Schedule and Schedule of Expenditures of Federal Awards The Contractor shall apply certain limited procedures to the required supplemental information, if applicable, including the Management Discussion and Analysis (MD&A). The Independent Public Accountant (IPA) must possess current firm and individual permits to practice from the South Dakota Board of Accountancy. The IPA must be either a Certified Public Accountant or a Public Accountant initially licensed on or before December 31, 1970. South Dakota Codified Laws (SDCL) 4-11-7 requires the following minimum standards to be met by the accountant prior to audit report approval by the Auditor General: (a) Audit firms that have not performed government audits in South Dakota during the last 3 years must furnish information to the Department of Legislative Audit documenting that the engagement team collectively possesses the technical knowledge, skills and experience necessary to be competent for the type of work being performed before beginning work on that assignment, as required by Government Auditing Standards (GAGAS), (Yellow Book), 2007 Revision, paragraph 3.40. (b) The audit firm shall furnish to the PHA and the Department of Legislative Audit a copy of its most recently completed Quality Review Report and Letter of Comments, if any, in accordance with Government Auditing Standards, 2007 Revision, paragraphs 3.55 through 3.62. Generally, the Quality Review shall have been completed within 3 years from the date the firm starts (begins field work on) its first audit in accordance with GAGAS. Subsequent reviews shall be conducted every 3 years thereafter. (c) A financial and compliance audit must be conducted in accordance with generally accepted government auditing standards as indicated in the General Accounting Office's Government Auditing Standards (Yellow Book), as revised and amended and OMB Circular A-133, if applicable. (d) Financial statements are to be prepared in accordance with GASB Statements and Interpretations applicable in the circumstances or an appropriate Other Comprehensive Basis of Accounting that management has elected to implement, if applicable. (e) The auditor must follow-up on findings and recommendations made in the most recent prior audit of the auditee, and report on their status as required by GAGAS and OMB Circular A-133, as applicable in the circumstances. (f) A draft copy of the entire audit report package must be forwarded to the Auditor General for desk review and approval, prior to the issuance of the final report. (g) A statement indicating total professional time and fees billed for audit services must be filed with the Auditor General when the final report copies are submitted. (h) Audit documentation supporting the report is subject to review at any time, both prior to and/or after final report approval and acceptance. (i) After the audit report has been approved by the Auditor General, audit reports are to be distributed by the accountant as directed by the Auditor General. C. DELIVERY AND REPRODUCTION 1.The Contractor shall deliver a copy of the PHA's audit report to the State of South Dakota Department of Legislative Audit on or before 120 days after the close of the PHA's fiscal year. 2.After the SD Department of Legislative Audit has officially released the audit report by the issuance of a release letter, the Contractor shall deliver three hard copies and one digital copy of the audit report to SFHRC, along with three hard copies and one digital copy of Affordable Housing Solutions, Inc. audit report and ten copies of the South Sycamore Estates audit report. 3.The PHA, upon delivery of its audit report, shall submit the required copies of the data collection form, audit report, and corrective action plan to the federal clearinghouse. D. SUBMISSION OF PROPOSALS Written proposals responding to this Request for Proposal (RFP) shall be submitted with the attachment of Public Accountant Certification in a sealed envelope appropriately labeled to the following: Sioux Falls Housing and Redevelopment Commission 3900 W. 53rd Street Sioux Falls, SD 57106 To be considered, one (1) copy of the proposal should be delivered to PHA not later than 5:00 p.m. (CT), Thursday, May 14, 2026. All proposals will be time and date-stamped upon receipt. Late proposals will not be accepted. The PHA reserves the right to accept or reject any or all proposals and to accept the proposal that will be in the best interest of the entities. E. ADDITIONAL INFORMATION It is the responsibility of the Contractor to inquire about and clarify any aspect of the RFP. Questions should be directed to Nancy Kirwan, Director of Finance, N_Kirwan@siouxfallshousing.org, or Larissa Deedrich, Executive Director, L_Deedrich@siouxfallshousing.org F. PROPERTY OF SFHRC Any information or materials submitted as a response to this RFP shall become the property of PHA and will not be returned. G. OTHER PROVISIONS 1. The Contractor must provide proof of being registered with SAM.gov and provide a DUNS number. 2. The Contractor shall provide a copy of its peer review report as part of the SFHRC review of proposals. 2. The contract for services may be renewed for one additional period of up to three (3) additional years. 3. The PHA is responsible for maintaining control of all books and records at all times and the Contractor shall not remove any books and records from the PHA's premises for any reason. 4. The Contractor warrants that they presently have no interest and shall not acquire any interest, direct or indirect, which would conflict in any manner or degree with the performance of services required. 5. The working papers are to be retained by the Contractor for a minimum of five years from the date shown on the opinion letter of the audit report. 6. From time to time, after the annual audit, it may be necessary for the PHA to contact the Contractor for technical assistance concerning the finances and financial records of the PHA. The Contractor agrees to provide technical assistance and records, as needed, at no cost to the PHA. H. SELECTION TIMETABLE April 13, 2026 Request for proposal issued May 14, 2026 Proposals due by 5:00 p.m. (CT) TBA Oral Interviews, if needed May 26, 2026 Board of Commissioners action I. SELECTION PROCESS The PHA staff will review the submitted proposals. Proposals will be evaluated based on responses to specifics outlined in the Proposal Format section of this RFP and based on the selection criteria. Proposals that omit any of these items may be rejected as non-responsive. The PHA's Board of Commissioners will make the final decision as to the selection or rejection of proposals. All proposing contractors will be advised of the contractor selected. The PHA may, at any time prior to the selection of an independent auditor, reject any and all proposals and cancel this RFP, without liability therefore, upon finding that there is cause for rejecting all proposals and that it would be in its interest to cancel the solicitation. Further, regardless of the number and quality of proposals submitted, PHA shall under no circumstances be responsible for any costs and expenses incurred by a Contractor in submitting a response to this RFP. Each Contractor who submits a response does so solely at the Contractor's cost, risk, and expense. PHA accepts no responsibility for the return of successful or unsuccessful proposals. J. SELECTION CRITERIA The selection will be based upon the following criteria to evaluate all acceptable proposals and to develop recommendations to be presented to the PHA Board of Commissioners; however, the PHA reserves the right to evaluate proposals based upon factors beyond the listed criteria. Firm's experience as an independent auditor for: Factor- Point Range Housing agencies 0-10 HUD programs 0-10 Federal program reporting requirements 0-10 Other governmental agencies and grants 0-5 Firm's peer review report 0-5 Evidence that the firm meets all pertinent licensing requirements 0-5 Organization, size, and structure of firm 0-10 Qualifications of staff to be assigned. Position in firm and years 0-15 and the type of experience Adequacy of the firm's references 0-5 Responsiveness of the written proposal to the scope of services 0-5 and requirements Cost of the audit and the reasonableness of the time estimates 0-20 PROPOSAL FORMAT A. TRANSMITTAL LETTER A one-page transmittal (cover) letter prepared on the Contractor's business stationery should accompany the proposal. B. PROPOSAL The proposal should be labeled "Proposal to Serve as Independent Auditor for the Sioux Falls Housing and Redevelopment Commission and Affordable Housing Solutions, Inc." The submission must contain sufficient information to enable the PHA staff and Board of Commissioners to evaluate the proposal. It should be prepared in a clear and concise manner and should address each of the following subsections: 1. Experience as Independent Auditor: Provide a representative list of state or local governmental agencies, housing agencies, and federal programs for which your engagement office recently served as an independent auditor. Provide a presentation on this data, which includes the following: a. Name of client b. Approximate total assets of client c. Duration of auditor/client relationship d. Services performed for client e. Your firm's engagement team 2. Peer Review report Provide a copy the expressed opinion of your most recent peer review. 3. Organization, Size and Structure of the Firm How many professionals employed by your firm's office have substantial expertise in: a. Government agency accounting/auditing of similar agencies b. Other accounting/auditing activities which will contribute to your firm's ability to serve as independent auditor for the PHA. 4. Independent Auditor Team and Personnel Describe the manner in which you would organize your firm's resources to serve as independent auditor for the PHA. In doing so, please address the following questions or issues: a. (LEAD AUDITOR) Identify the individual who will manage this engagement on a day-to-day basis. Define this individual's position within the firm and indicate the degree to which he or she will be able to commit the firm's resources to the PHA. What is this person's availability for this engagement? Provide a brief summary of his or her professional qualifications and experience. b. Identify other professionals from your firm who will be assigned to work on this engagement, their roles and responsibilities and relevant aspects of their background 5. Comments on Scope of Services Elaborate on your approach to performing services as independent auditor for PHA. Provide a schedule for the completion of major activities necessary to finish your audit. 6. Client References Provide three client references that you feel are somewhat similar to the PHA. Furnish contact name, title, agency, and telephone number for these references. 7. Rationale for Appointment and Proposal Summary This section of the proposal should be used by each Contractor to present the case for its appointment to the position sought. In addition, the key points raised in the proposal should be summarized. 8. Independent Auditor Fee Proposal Provide a schedule of fees for performing the audit for the three fiscal years ending September 30, 2020; September 30, 2021; and September 30, 2022. EQUAL OPPORTUNITY 1. The PHA emphasizes that all respondents will receive full consideration. The SFHRC is an Equal Opportunity Employer. Minority and women-owned firms are especially encouraged to respond to this RFP. The SFHRC does not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. 2. The Contractor shall not discriminate against any employee or applicant for employment because of race, color, religion, sex, age, national origin or disability. The Contractor shall take affirmative action to ensure equality of opportunity in all aspects of employment. 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