The document summarizes a request for qualifications for an audit of the city. Four audit firms submitted proposals that were evaluated based on qualifications, experience, staffing, audit quality, and audit plan. ABIP, PC was selected as the top proposal based on their experience auditing governments, local staff of 35, and detailed audit plan. The document requests authorization for the city manager to execute a five-year contract with ABIP, PC for audit services with costs ranging from $30,500 to $34,200 per year.

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