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Approve a Contract Extension for Audit Services Contract for Fiscal Year 2018-19.
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Staff:
Department:
Amy Oland, Director
Business Management Department
Overview: The attached resolution would authorize the Mayor to execute a contract with the Certified Public Accounting firm of Martin Starnes & Associates, CPAs, P.A. to conduct the annual audit for the 2018-19 fiscal year. In June of 2017, Council awarded the Audit Services Contract for FY 2016-17 to Martin Starnes based on the results of a Request for Proposals (RFP) process. The Contract includes a provision for four one-year contract extensions. Adoption of the attached resolution would authorize the second one-year extension of the existing Audit Services Contract.
Recommendation:
That the Council adopt the attached resolution authorizing the execution of the audit services contract to Martin Starnes & Associates, CPAs, P.A. in the amount of $51,500 for fiscal year 2018-19, extending the existing contract for one year.
Key Issues:
* The Town conducted an RFP for audit services in 2017 that resulted in the selection of Martin Starnes & Associates.
* Martin Starnes has been the Town's external auditor since FY 2007-08 and have provided consistent and responsive services and competitive pricing throughout their tenure.
* The contract with Martin Starnes & Associates includes a provision for four one-year extensions. FY 2018-19 would be the second extension of the FY 2016-17 contract.
Fiscal Impact/Resources: The audit fee for FY 2018-19 is $51,500. The cost of the audit will be included in the FY 2019-20 Manager's Recommended Budget in the Business Management Department.
Where is this item in its process?
Council Goals:
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Create a Place for Everyone
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Develop Good Places,
New Spaces
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Support
Community Prosperity
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Nurture Our Community
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Facilitate Getting Around
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Grow Town
and Gown Collaboration
Attachment:
* Resolution
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