SUBJECT
title
Consideration to award a professional services contract to Canales, Garza, & Baum, PLLC, Certified Public Accountants and authorizing the City Manager to enter into a contract for a period of one year in the amount not to exceed $90,000.00 in order to provide audit services for fiscal year ending September 30, 2024. This is the first of two, one-year extensions, as per the contract. Audits fees will be allocated to the professional services line item among the different funds to be audited.
body
PREVIOUS COUNCIL ACTION
On October 3, 2022 a two-year contract was awarded to Canales, Garza, & Baum, PLLC with an option to renew for two one-year periods. This will be the first of two, one-year extension to renew contract.
BACKGROUND
Section 6.11 of the City Charter requires that an independent audit should be performed for all City funds including grants by a certified public accounting firm. Audit should include a compliance audit of all major grants. Upon completion of the audit, the final results thereof shall be reported in writing to the Council as soon as reasonably possible following the close of the fiscal year and said report shall be public record. The Council shall by, request of qualifications designates such accounting firm annually or for a period of two (2) years, with an option to renew annually for a period not to exceed four (4) years.
Staff recommends awarding the 1st of the one-year extensions to Canales, Garza, Baum, PLLC
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Recommends approval of motion end
Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: Y
Source of Funds: N/A
Account #: Various
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Various funds throughout City departments