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HomeMy Public PortalAboutResolution No. 557-22 06-27-2022RESOLUTION NO.557-22 A RESOLUTION OF THE RICHLAND HILLS CITY COUNCIL FOR THE PURPOSE OF AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT FOR AUDIT SERVICES WHEREAS,the Richland Hills City Council has a fiscal,fiduciary and legal responsibility to conduct an annual audit at the conclusion of each fiscal year;and WHEREAS,the previous contract with George,Morgan and Sneed has expired;and WHEREAS,best practices dictate that auditing firms should be switched on a regular basis and a request for proposals be published;and WHEREAS,City staff has solicited proposals on two occasions from qualified firms to conduct the audit going forward;and WHEREAS,the City received no proposals on two different occasions;and WHEREAS,the City’s current auditing firm,George,Morgan,and Sneed would like to continue its auditing services for another five years,and WHEREAS,George,Morgan and Sneed has a history of demonstrated competence and qualifications and the ability to provide a fair and reasonable price;and WHEREAS,based on no proposals submitted,the references and experience working with the current auditing firm,staff recommends council authorize the City Manager to enter into an agreement for auditing services with George,Morgan,and Sneed with the costs and for the fiscal years ending as outlined below: 2022 —$35,000 2023 —$35,500 2024 —$36,000 2025 —$36,500 2026—$37,000 with an additional $4,000 if a single audit is required for that fiscal year. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RICHLAND HILLS,TEXAS,THAT: The City Council authorizes the City Manager to enter into an agreement with George,Morgan and Sneed for Audit Services for a period of five years. APPROVED AND ADOPTED at a City Council on June 27,2022,by _____ C abstentions. APPROVED: %%?7 The Honorable Mayor E$warJfópez special called meeting of the Richland a vote of ayes, Hills