TO: Sheryl Sculley, City Manager
FROM: Troy Elliott, CPA, Director, Finance Department
COPIES: Members of the Audit Committee; Ben Gorzell Jr., Chief Financial Officer
SUBJECT: Recommendation for Second and Final Extension of External Audit Contract
DATE: October 20, 2015
On June 14, 2012, Ordinance Number 2012-06-14-0444 was passed executing an audit services contract with Padgett Stratemann & Co., L.L.P. (PS&Co) to provide independent audit services for fiscal years ending September 30, 2012, 2013 and 2014.
On December 4, 2014, Ordinance Number 2014-12-04-0940 was passed executing the first extension of the audit services contract with PS&Co to provide independent audit services for fiscal year ending September 30, 2015. The award to PS&Co was for a 3 year external audit services contract with 2, 1-year extensions (for FY2015 and FY2016) upon Council approval. The City is currently on the first extension of the contract. We are requesting an item be placed on the October 20th agenda of the Audit Committee to discuss and recommend exercising the second and final extension option.
If you should have any questions or require additional information, please feel free to contact me at ext. 78604.