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Consider renewing a professional services agreement with BKD, LLP (BKD) for the City’s annual auditing services for FY 2020-2021, including the City’s required single audit of expenditures from federal financial awards.
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INITIATOR: Kristin Huntley, Deputy Finance Director
STAFF INFORMATION SOURCE: Kristin Huntley, Deputy Finance Director
BACKGROUND: BKD has served as the City’s auditing firm for the preceding six fiscal year audit engagements, including the single audits of federal financial awards. During this period of service, BKD has successfully assisted the City in bringing current all of its previous required audits such that currently no audits are presently delinquent with respect to any of the City’s continuing disclosure filings on bonded indebtedness or other regulatory submissions. The negotiated fee for the FY 2020-2021 audit is $149,900.00.
EXHIBIT: Professional Services Contract; Contract Addendum; Agreed Upon Procedures
KEY ISSUES: None
FUNDING SOURCE: General Fund - Finance Department - Professional Services
STAFF RECOMMENDED COUNCIL ACTION: Approve the professional services agreement with BKD for auditing services and authorize the Mayor and City Clerk to execute BKD’s engagement letter.