ORDINANCE NO. 240552
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Sponsor: Director of Finance Department
Authorizing the Manager of Procurement to enter into a contract with Allen, Gibbs & Houlik, L.C., to perform the annual independent audit of the City's books and records for the fiscal year ending April 30, 2024, to perform other audit services, as requested, and to perform audit and tax services for various component units; further authorizing the Director of Finance to pay up to $714,250.00 in consideration for said audit and audit-related services; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, the City Charter, Section 836, requires that an annual audit be performed by an independent Certified Public Accountant, and the Federal and State governments are requiring recipients of Federal grants to utilize the OMB Compliance Supplement concept to perform a financial and compliance audit and requiring airports to audit facility charges on an annual organization-wide basis; and
WHEREAS, following the issuance of a request for proposals and evaluation of responses, the firm of Allen, Gibbs & Houlik, L.C., is found to be qualified to perform an audit of the City's records, and to prepare both the annual report and the single audit concept and other audit-related services; and
WHEREAS, this is the first year of a five (5) year agreement with Allen, Gibbs & Houlik, L.C., pursuant to the provisions in the request for proposal (RFP) for audit services released in 2024 for both the City and various component units; and
WHEREAS, a revenue estimate reflecting reimbursement from component units for audit services in the amount of $120,250.00 was not included in the FY2024-25 Adopted Budget and the appropriation for component unit audit services does not currently reflect the full cost for those services. As a result, the revenue estimate and appropriation increase is included herein; and
WHEREAS, in order ...
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