Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER A CONTRACT WITH THE AUDITOR OF STATE FOR FINANCIAL AUDIT SERVICES FOR THE CITY OF HUDSON FOR THE 2024 AUDIT; AND DECLARING AN EMERGENCY.
Brief Description: This legislation authorizes the City Manager to enter into a contract for the City’s annual audit for 2024.
Body
Legislative History
None
Purpose & Explanation
The Auditor of State has the authority to either conduct the City’s annual financial audit or award the audit through an RFP process to an independent public accounting (IPA) firm. The State has determined it will conduct the City’s 2024 audit.
The not to exceed cost is $48,749.
Legal Authority for Proposed Legislation
Pursuant to Charter Section 6.04, Contracts & Purchasing:
Competitively bid and advertised for two consecutive weeks; bid tab attached: [Yes/No/NA])
Joint or Cooperative Purchase Program
x Professional Services
Other [provide explanation]
Fiscal Impact
x Currently Budgeted (Account 101-7500)
Supplemental Appropriation Required (Account #, $)
Appropriation Not Required
Does this legislation require use of an emergency clause?
X Yes - the auditors requested the emergency clause to allow them to proceed with the audit fieldwork in a timely manner.
No
Recommendation
Suggested Action
Staff recommends authorization for the City Manager to enter into the agreement with the Auditor of State.
Submitted by,
Thomas J. Sheridan, City Manager
Jeff Knoblauch, Asst. City Manager - Finance Director