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<br /> <br /> <br /> <br /> <br />CITY COUNCIL COMMUNICATION <br /> <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM ___ <br />SUBJECT: REQUEST FOR PROPOSALS (RFP) FOR PROFESSIONAL <br />AUDITING SERVICES <br /> <br />DATE: MARCH 18, 2013 <br /> <br />PRESENTED BY: KEVIN C. WATSON, FINANCE DEPARTMENT <br /> <br /> <br />SUMMARY: <br /> <br />On June 30, 2008, the Finance Department issued a Request for Proposals (RFP) for <br />Professional Auditing Services. On or before August 8, 2008, the City received <br />proposals from five firms. Ultimately, Eide Bailly (then Gordon, Hughes, & Banks) was <br />awarded the bid based on the following five-year cost proposal: <br /> <br /> <br />Audit Audit Admin All-Inclusive <br />Year Fees Fees Cost <br />2008 $22,500 $1,200 $23,700 <br />2009 $23,625 $1,300 $24,925 <br />2010 $24,800 $1,400 $26,200 <br />2011 $26,000 $1,500 $27,500 <br />2012 $26,000 $1,500 $27,500 <br /> <br /> <br />A-133 Federal Compliance Auditing (Single Audit) was bid at $8,000 per program in <br />2008 and subject to annual negotiation thereafter. A-133 auditing was not required for <br />the 2008 or 2009 audit, but was for the 2010 audit due to the large amount of Federal <br />grants on the Highway 42/South Boulder Road project. A-133 auditing was not required <br />for the 2011 audit but will be required for the 2012 audit. <br /> <br />Since the 2012 audit is the last year of the Eide Bailly engagement, the Finance <br />Department will issue a new RFP this summer for the next five to seven years of audit <br />services. Attached is a preliminary draft of the RFP for the Committee’s review. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />5