Auditing Services RFQ

1. Award Audit Services
Request for Qualifications
Proposal and Authorize City Manager to
Execute Contract
Presented By: Robert Galindo
Finance Director
Item # 6
City Council Meeting
August 22, 2016

2. 2
Policy Analysis
• Statute and City charter require an annual
audit of the City by a professional audit firm
• Audit contract expired this past audit
• Best practice is to advertise for RFQ
proposals

3. 3
RFQ Background
Request for Qualifications (RFQ) for Audit
Services
• Advertised June 22, 2016
• Due Date for proposals July 22, 2016
• City received four proposals

4. 4
RFQ Background
Four proposals received for audit services
• Belt Harris Pechacek
• Armstrong, Vaughan & Assoc. P.C.
• Brooks Cardial PLLC
• ABIP, PC

5. 5
RFQ Background
Key Criteria for evaluation of proposals
• Audit firm qualifications
• Municipal audit experience
• Firm staffing and resources
• Audit Quality
• Audit team
• Audit plan
• Preparation of CAFR for cities

6. 6
Selection of ABIP, PC
 Proposal was best of the four proposals
 ABIP concentrates on auditing governmental
entities
 ABIP resources include local staffing of 35
 Audit team has 50+ years of experience
 ABIP has a strong record in preparing CAFRs
 Audit Plan was detailed

7. 7
Summary of Ratings
 ABIP, PC 91
 Armstrong, Vaughan 82
 Belt Harris Pechacek 78
 Brooks Cardial 66

8. 8
Financial Impact
Year 1 $ 30,500
Year 2 $ 31,400
Year 3 $ 32,300
Year 4 $ 33,270
Year 5 $ 34,200

9. Consideration of a Resolution authorizing
the City Manager to execute a five-year
contract agreement with ABIP, PC for
audit services.
9
Proposal