Body
Department of Finance
Reference: Award of Formal Solicitation for Independent Auditing Services
To: Mayor Kenneth J. Kreutzer and Members of City Council
Through: Philip A. Rodriguez, City Manager
Ron Lay, Director of Financial Services
Prepared By: Estella Gallegos, Procurement & Contracts Specialist
Date Prepared: December 11, 2018
PURPOSE
Requesting City Council approval for Independent Auditing Services, and approving the resolution giving the Mayor authority to sign the contract.
Municipal Code Section 3.08.200 states, ". . . . After the City Council has approved a multi-term contract, the City Manager may approve an annual extension and any amendment thereto, provided that the contractor has performed the work satisfactorily, all terms and conditions of the contract have been fulfilled, the funds for said extension and amendment have been appropriated, and so long as the dollar amount of said contract extension and amendment is within the authority of the City Manager to approve. The City Manager, at his or her discretion, may take a multi-term contract and amendment thereto to the City Council for approval. All extensions and amendments to multi-term contracts in excess of the authority of the City Manager to approve shall be approved by the City Council."
STRATEGIC FOCUS AREA
Financially Responsible
BACKGROUND OF PROJECT
There is a requirement notated in the Independent Audit Policy that states: "In accordance with state law and the City's Charter (Section 10.14), the City's financials shall be audited annually and presented as the Comprehensive Annual Financial Report (CAFR) of the City, following the close of the fiscal year. As contemplated in the City Charter, the Council shall appoint an independent certified public accountant licensed to practice in Colorado and knowledgeable in government accounting to conduct the audit."
Accordingly, the City has complied with the Independent Audit Policy soliciting and providing auditing service...
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