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AGENDA ITEM REVIEW FORM |
6.B.
Regular City Council Meeting
- Meeting Date:
- 04/28/2021
- Department Head:
- Kay Macuil
- Submitted By:
- Kay Macuil, City Attorney, Attorney's Office
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding the renewal of the "Contract for Professional Audit Services" allowed under the terms of the contract. (Monica Castro, Finance Director)
SUMMARY:
In 2016, the Finance Department went out for bid on professional audit services. Cities are required to hire independent auditors under Arizona law. The bid was awarded to Heinfeld Meech, the contract expires in 2021. However, under paragraph 6 of the contract, it may be renewed for up to two (2) additional one-year (1 year) terms by mutual written consent of the parties. The new fees for 2021 are attached.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE ONE-YEAR CONTRACT RENEWAL OF THE INDEPENDENT AUDITOR HEINFELD MEECH AS PRESENTED.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- YES
- CITY/STATE/FEDERAL FUNDS:
- CITY
- TOTAL:
- $75,000
- BUDGETED AMOUNT:
- See fiscal impact stmt
- AVAILABLE AMOUNT TO TRANSFER:
- N/A
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- See fiscal impact
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
In FY 2022 Budget, we will be allocating funds to cover for this expenditure.