HomeMy Public PortalAboutAB 21-290 IRFP for Financial Auditing ServicesMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 21-290
Meeting Date December 16, 2021
AGENDA ITEM INFORMATION
SUBJECT:
Request to approve the IRFP for Financial Auditing Services – Engagement Letter with Harris CPA’s for F21 Audit
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Originator
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
~$49,000
Parks and Recreation
FUNDING SOURCE:
FY22 Approved Budget
Airport
Library
TIMELINE:
ASAP
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Staff issued an Informal Request for Proposal (IRFP) for Financial Audit Services on November 1, 2021. The IRFP was posted on the city website and invitations to submit a proposal were
sent to three CPA firms that perform government audit services in Idaho. One proposal was received by the deadline. The proposal submitted by Harris CPAs was reviewed and evaluated
by the Treasurer and City Manager. The proposal is deemed to be a responsive and qualified proposal. Staff recommends engaging Harris, CPAs to perform the City’s FY21 Audit.
The audit engagement letter states the terms under which the audit will be conducted, management’s responsibilities, states the fees and timing of the audit, what Harris CPAs will communicate
to the City Council, as well as dispute resolution, limitation of damages, time limitation, indemnity, and assignments prohibited. The cost impact of the FY21 Audit are as follows:
Estimated fee of $38,500 for the Annual Audit
$7,500 for Single Audit of one major program (FAA AIP), and
$3,000 additional for any other major programs identified during the audit
Attachments:
FY21 Audit Engagement Letter for FY21
RECOMMENDED ACTION:
Approve the audit engagement letter from Harris CPAs for the FY21 Audit and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION