TO: Mayor and Commission AGENDA DATE: 7/1/2024
FROM: City Manager AGENDA ITEM: 9 - A
SUBJECT:
Title
Request for approval of engagement with Purvis Gray, LLC to provide professional external audit services.- Julia Johnson, Deputy Finance Director (386) 878-8978
Strategic Goal: Fiscal Issues - Maintain a balanced budget
Body
LOCATION:
Citywide
COST:
Fiscal Year Audited Fee
2023-2024 $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
STAFF RECOMMENDATION PRESENTED BY:
Julia Johnson, Deputy Finance Director - Approve the engagement with Purvis Gray and Company, LLC for professional external audit services for the years ending September 30, 2023-2024 and subsequent years pending appropriation of funding for each fiscal year.
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.”
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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 through the firm’s knowledge of the City and also ensures objectivity via rotation of assigned audit staff. Rates proposed in this extension are comparable to those charged for audit services to other entities, and vendor has demonstrated experience performing equivalent services for Deltona and other governments. Staff recommends approval of the engagement, and upon approval authorizes the necessary budget transfers to facilitate Commission approval and further authorizes the City Manager to sign any documents necessary to further Commission approval of this item.
End