TO: Mayor and Commission AGENDA DATE: 9/16/2024
FROM: City Manager AGENDA ITEM: 10 - B
SUBJECT:
Title
Request for approval of engagement with Purvis Gray, LLC to provide professional external audit services.
Strategic Goal: Effective Governance and Productive Government
Body
LOCATION:
Citywide
COST:
Fiscal Year Audited - FY 2023-2024
Fee: $83,500 plus a fee of $6,500 for the CRA audit
The cost for subsequent years will be the previous year amount adjusted by the change in the Consumer Price Index (CPI).
SOURCE OF FUNDS:
General Fund
ORIGINATING DEPARTMENT:
Finance
POTENTIAL MOTION:
Recommendation
“I move to approve the engagement with Purvis Gray and Company, LLC, for professional external audit services for fiscal year 2023-2024 with the option to further extend the contract for subsequent years pending appropriation of funding for each fiscal year.”
END
BACKGROUND:
Background
The City is required to obtain an annual audit of its financial statements. Purvis Gray and Company, LLC, is offering an engagement with the City to perform the annual audit through fiscal year 2023-2024 with the option to further extend the contract for subsequent years pending appropriation of funding for each additional fiscal year.
Continuance of these professional services allows for efficiency provided by the firm’s knowledge of the City and ensures objectivity via rotation of assigned audit staff. The rates proposed in this extension are comparable to those charged for audit services to other entities, and the vendor has demonstrated experience performing equivalent services for Deltona and other governments.
End