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CITY COMMISSION AGENDA ITEM |
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Department: |
Finance |
Commission Meeting Date: Dec. 18, 2018 |
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Staff Contact: |
Jeremy Willmoth, Finance Director |
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Recommendations/Options/Action Requested: |
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Authorize the City Manager to enter into an agreement with RSM US LLC to conduct the 2018 annual financial audit with an option to extend an additional three years. |
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Executive Summary: |
On August 24, 2018 the Finance Department issued a Request for Proposals (RFP) for annual financial auditing services. The RFP was based upon the model RFP developed by the Government Finance Officers Association (GFOA) and included the scope of services for independent auditing services for the City of Lawrence.
K.S.A. 75-1124 requires the City complete an annual audit. The last RFP process was in 2013 and the agreement with the auditing firm that was selected during that process concluded with the completion of the 2017 annual financial audit. The Selection Committee found RSM US LLP services to be of high quality and their proposal best fit the needs of the City and recommends moving forward with RSM to conduct the 2018 annual financial audit. |
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Strategic Plan Critical Success Factor |
Effective Governance/Professional Administration Core Services Sound Fiscal Stewardship |
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Fiscal Impact (Amount/Source): |
The fiscal impact to the City is $68,000 in 2019. This item was included in the 2019 budget. |
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Attachments: |
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Reviewed By: (for CMO use only) |
☐TM ☐DS ☒CT ☐BM |