Agenda Item Wording:
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Authorize the City Manager to enter into a contract with Brown Armstrong Accountancy Corporation (Brown Armstrong) for a not to exceed amount of $356,500 as the City's independent financial auditor.
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Deadline for Action: 5/6/2024
Submitting Department: Finance and Technology Services
Contact Name and Phone Number: Kari Williams 559-713-4298
Department Recommendation:
Staff recommends that the City Council authorize the City Manager to enter into a three-year contractual agreement with Brown Armstrong, as the City's independent financial auditors, to perform the annual auditing and accounting services for fiscal years ending June 30, 2024; 2025; and 2026; with an option to renew for two additional years. The annual contract amount for the first 3 years is $71,300. Staff is requesting a not to exceed amount of $356,500 to allow for contract increases in the last two years.
Background Discussion:
Periodically the City needs to evaluate its continuing contracts and review the providers of various services. The scope of work for the independent auditors for the City is to provide annual financial auditing and accounting services which include auditing the Annual Comprehensive Financial Report (ACFR) for the City and related Single Audit. Also included in the scope of work is preparing the State Controller's Report, the Management Letter Report to the City Council, the Report on Internal Controls to the City Council and other auditing task such as performing procedures and issuing an opinion on the City's compliance with Proposition 4 appropriation limit requirements (GANN Limitations).
The previous 3-year contract to perform the annual auditing and accounting services for the City expired with the completion of the auditing of fiscal year ending June 30, 2023 and the contract was not extended. Staff prepared and issued a Request for Proposals (RFP) for annual auditing ...
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