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Approve a Contract Extension for Audit Services Contract for Fiscal Year 2020-21.
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Staff:
Department:
Amy Oland, Director
Business Management Department
Overview: Martin Starnes & Associates, CPA's, P.A. have been the Town's external auditor since FY 2007-08 and have consistently provided the Town responsive services and competitive pricing. In June of 2017, Council awarded the Audit Services Contract for FY 2016-17 to Martin Starnes after a Request for Proposals (RFP) process. The Contract allows four one-year contract extensions. This extension would be the fourth one-year extension. We will put out a new RFP in early 2022. Adopting the resolution would authorize the Mayor to execute an extension to our contract with Martin Starnes & Associates, CPAs, P.A. to conduct the annual audit for the 2020-21 fiscal year.
Recommendation(s):
That the Council adopt the attached resolution authorizing the execution of a one-year extension of the audit services contract to Martin Starnes & Associates, CPAs, P.A. in the amount of $53,050 for fiscal year 2020-21.
Fiscal Impact/Resources: The audit fee for FY 2020-21 is $53,050. One half of the cost will be paid in the current fiscal year and was included in the FY 2020-21 Adopted Budget. The other half will be included in the FY 2021-22 Manager's Recommended Budget in the Business Management Department.
Where is this item in its process?
Attachments:
* Resolution
A RESOLUTION AUTHORIZING THE EXTENSION OF THE CONTRACT WITH MARTIN STARNES & ASSOCIATES, CPAs, P.A. TO PERFORM THE TOWN OF CHAPEL HILL'S FY 2020-21 AUDIT (2021-02-24/R-2)
WHEREAS, the Town of Chapel Hill is required by the Local Government Budget and Fiscal Control Act to have its accounts audited by a certified public accounting firm after the close of the fiscal year; and
WHEREAS, the Town of Chapel Hill issued a request for proposals in 2017 and selected Martin Starnes & Associates, CPAs, P.A. to conduct the FY 2016-...
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