SUBJECT:
Action regarding Approval for Weaver and Tidwell, LLP to perform the Fiscal Year 2022-2023 Audit
BACKGROUND/DISCUSSION:
After a request for proposals for professional auditing services on June 18, 2019 the City Council awarded a two year contract with the option of three one year extensions to Weaver and Tidwell to perform audit services for fiscal years 2018-2019 and 2019-2020. Two of the three one year extensions have been completed. This action will authorize Weaver and Tidwell to complete the third extension.
FINANCIAL IMPACT:
Weaver Tidwell's 2019 proposal included annual increases after the initial two year contract not to exceed 2% per year. The estimated cost of the FY2022-2023 audit is $48,710. A single audit will likely be needed which will be an additional $5,300 charge.
RECOMMENDATION:
Staff recommends approval of Weaver and Tidwell, LLP to perform the FY2022-2023 audit. |