Body
Department of Finance
Reference: Forensic Audit Selection Committee Update
To: Mayor Kenneth J. Kreutzer and Members of City Council
Through: Marv Falconburg, Acting City Manager
Prepared By: Maria Ostrom, Finance Director
Date Prepared: October 7, 2019
PURPOSE
To provide the Mayor and City Council an update on the Forensic Audit Selection Committee’s recommendation regarding proposals received from firms related to the forensic audit review and analysis.
STRATEGIC FOCUS AREA
Financially Responsible
BACKGROUND
On July 2, 2019, City Council voted 9-0 to authorize city staff to pursue hiring and outside, independent firm to conduct a forensic audit of the Utilities funds.
OPTIONS FOR COUNCIL CONSIDERATION
1. Approve the Forensic Audit Selection Committee’s recommendation of a firm to conduct the forensic audit/analysis of the Utilities funds and direct the City Manager to prepare a resolution authorizing a contract with Two Hills.
2. Do not approve the Forensic Audit Selection Committee’s recommendation.
ATTACHMENTS
1. Summary matrix - responses to RFP for forensic audit/analysis
2. Proposal - Carr, Riggs, Ingram
3. Proposal - Eide Bailly
4. Proposal - FTI Consulting
5. Proposal - Grassi & Company
6. Proposal - Marsh Minick
7. Proposal - Plante Moran
8. Proposal - RubinBrown
9. Proposal - Two Hills