Laserfiche WebLink
11: City,/ <br />im Louisville <br />COLORADO • SINCE 1878 <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM 5D <br />SUBJECT: <br />AUTHORIZATION TO EXECUTE ENGAGEMENT LETTER WITH <br />EIDE BAILLY, LLC FOR AUDITING SERVICES <br />DATE: DECEMBER 4, 2018 <br />PRESENTED BY: KEVIN WATSON, FINANCE DEPARTMENT <br />SUMMARY: <br />On June 30, 2017, the Finance Department issued a Request for Proposals (RFP) for <br />Auditing Services. On or before August 4, 2017, the City received proposals from five <br />firms. A Finance Department review team evaluated each proposal based on the criteria <br />outlined within the RFP. Based upon the review team's evaluation of both the technical <br />proposals and the cost proposals, the Finance Committee recommended the City award <br />the seven-year bid to Eide Bailly, LLP, which was approved by the City Council on <br />October 17, 2017. <br />FISCAL IMPACT: <br />The 2018 audit cost was bid at $46,500, approximately 2% larger than the 2017 audit <br />cost. This amounts assumes one major Federal Program subject to the Single Audit Act. <br />These audit fees will be distributed to the City's largest operating funds — the General <br />Fund and the Utility Funds. <br />RECOMMENDATION: <br />Staff recommends the Council authorize the execution of an engagement letter for <br />professional auditing services with Eide Bailly, LLC. <br />ATTACHMENT(S): <br />1. Proposed Engagement Letter dated November 14, 2018 <br />CITY COUNCIL COMMUNICATION <br />23 <br />