City Council Regular Meeting
This contract is for a two year extension with Patillo, Brown, and Hill for Independent Auditing Services. The City entered into a 3 year agreement term with an option to renew for an addtional term of two years. The original agreement was the result of a formal procurement, evaluation, and award to the highest ranked vendor. Council approved Resolution 19-R-86 on July 23, 2019.
There will be no cost increase associated with the renewal. Year four of the agreement will run $56,000 for COS and $6,000 for EDC. Year five of the agreement will run $56,500 for COS and $6,000 for EDC.
To authorize a two year extension for Independent auditing services agreement as per resolution 22-R-31.
An independent review by a third party auditing firm will help ensure proper financial processes are in
place to reduce the risk of fraud and accurately portray the City's financial condition to all stakeholders
SUMMARY OF RECOMMENDED ACTION
Staff recommends we extend the Independent Audit Services Contract with Patillo, Brown, and HIll.
The current budget includes the cost of the audit services.
Approval of Resolution 22-R-32.
Audit Services Contract
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