1. FINANCE DEPARTMENT
Presented by:
Robert Galindo
Finance Director
AUTHORIZING THE CITY MANAGER TO EXECUTE CONTRACT
WITH ABIP, PC FOR AUDIT SERVICES
ITEM # 7
OCTOBER 11, 2021
2. SUMMARY
โข Authorizing the City Manager to execute a one-
year contract with ABIP, PC for auditing services,
and up to four annual renewals
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3. BACKGROUND
Request for Qualifications (RFQ) for Audit Services
โข Advertised August 18, 2021
โข Due Date for proposals September 17, 2021
โข City received six proposals
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4. RFQ SUMMARY
โข ABIP, PC 97
โข Armstrong, Vaughan & Assoc. 94
โข Beasley, Mitchell & Co. LLP 90
โข RSM US LLP 87
โข Patillo, Brown and Hill LLP 87
โข Martinez, Rosario & Co. LLP 83
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5. SUMMARY AUDIT SERVICES RFQ
Key Criteria for evaluation of proposals
โข Audit firm qualifications
โข Municipal audit experience
โข Firm staffing and resources
โข Audit Quality
โข Audit Team
โข Audit Plan
โข Preparation of Annual Financial Statement for cities
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6. FINANCIAL
ANNUAL AUDIT SINGLE AUDIT IF NEEDED
YEAR 1 FYE 2021 $ 32,175 $ 6,050
YEAR 2 FYE 2022 $ 33,150 $ 6,250
YEAR 3 FYE 2023 $ 34,150 $ 6,450
YEAR 4 FYE 2024 $ 35,175 $ 6,650
YEAR 5 FYE 2025 $ 36,775 $ 6,850
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7. POLICY ANALYSIS
โข Statute and City charter require an annual
audit of the City by a professional audit firm
โข Audit contract expired this past audit
โข Best practice is to advertise for RFQ
proposals
โข Reviewed by the City Attorney
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8. CITY COUNCIL
โข Authorizing the City Manager to execute a
one-year contract with ABIP, PC for audit
services; and up to four annual renewals
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