Loading...
HomeMy WebLinkAbout~Master - Audit services contract for FYs 2010/11 & 2011/12 RESOLUTION'NO. 11-181 RESOLUTION APPROVING AUDITING SERVICES CONTRACT FOR FISCAL YEARS ENDING JUNE 30, 2011,AND JUNE 30, 2012 FOR THE CITY OF AMES,IOWA WHEREAS, EideBailly,LLP,has provided audit services for the city of Ames since 2003, and the current contract has expired, and staff is recommending a two-year extension; and, WHEREAS, audit fees quoted are$60,500 for the June 30, 2011, audit and$63,000 for the June 30, 2012, audit; and, WHEREAS, an additional $2,300 to $4,800 in audit fees to cover the American Recovery and Reinvestment Act audit requirements is also anticipated; and, WHEREAS,Deloitte and Touche performed audit services prior to 2003, and its fee for the 2002 audit was $61,415, plus an additional charge for GASB 34 work; and, WHEREAS, based on fees paid in the past, pricing from past Requests for Proposal and review of fees paid by similar cities, the fees quoted by EideBailly are very competitive; and, WHEREAS,extension of the audit contract with EideBailly,LLP,will require waiver of the purchasing policy for Request for Proposal; and, WHEREAS, the City employee with primary responsibility for financial reporting and the audit process has given notice of intent to retire after the June 30, 2011, audit and prior to the June 30, 2012, audit; and, WHEREAS,under the contract extension recommendation,the new employee would have one year with the current auditor which will allow time to review and make recommendations for adjustments and development of a Request for Proposal for audit services beyond 2012; and, WHEREAS, longer term agreements help maintain continuity in the audit process and hold down fees due to significant costs involved in the first years of a new audit relationship. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the purchasing policy for Requests for Proposal for professional services is hereby waived,and a two-year agreement with EideBailly, LLP, to provide audit services is hereby approved. ADOPTED THIS 26th day of April, 2011. 17 Diane R. Voss, City Clerk Arm H. Campbell, Mayor Introduced by: Davis Seconded by: Mahayni Voting aye: Davis, Goodman, Mahayni, Larson, Orazem, Wacha Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 26th day of April, 2011.