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ITEM: AUTHORIZATION TO RENEW AN ANNUAL AUDITING SERVICES CONTRACT WITH GRAU AND ASSOCIATES
REQUEST: Authorization to renew an annual auditing services contract with Grau and Associates, for three years, in the amount of $70,000 (2017), $72,000 (2018) and $74,000 (2019).
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EXPLANATION: The Office of Financial Management and Budget utilizes a contract with Grau & Associates to provide annual auditing services. The contract includes an examination of basic financial statements for the Village and its related component, Acme Improvement District. The audit is also conducted to ensure operations were performed in accordance with legal and regulatory requirements.
The initial term of the contract with Grau & Associates was for audits of three fiscal years (2012, 2013 and 2014), with the option to renew for two additional fiscal year audits. The Village has exercised both contract renewal options.
Pursuant to Florida Statutes Chapter 218.391- Auditor Selection Procedures, “written contracts entered into pursuant to subsection (7) may be renewed. Such renewals may be done without the use of the auditor selection procedures provided in FS 218.391. Renewal of a contract shall be in writing.”
Based on this language, staff recommends renewing the existing contract with Grau & Associates, for three additional years, to include an annual audit of fiscal year 2017, 2018 and 2019, in the amount not to exceed $216,000.
BUDGET AMENDMENT REQUIRED: NO
PUBLIC HEARING: NO QUASI-JUDICIAL:
FIRST READING: SECOND READING:
LEGAL SUFFICIENCY: YES
FISCAL IMPACT: Funds are budgeted in the proposed FY 2018 OFMB budget.
WELLINGTON FUNDAMENTAL: Responsive Government
RECOMMENDATION: Authorization to renew an annual auditing services contract with Grau and Associates, for three years, in the amount of $70,000 (2017), $72,000 (2018) and $74,000 (2019).