HomeMy WebLinkAbout10-Consideration of the Extension of a Contract for the 2013 Financial AuditAgenda Item # 10
or Pulokc Utility District
CONSENT
To: Board of Directors
From: Robert Mescher
Date: September 18, 2013
Subject: Consideration of the Extension of a Contract for the 2013 Financial
Audit
1. WHY THIS MATTER IS BEFORE THE BOARD
The auditors are hired by the Board of Directors and report to the Board of Directors.
2. HISTORY
In 2011, the Board requested staff to solicit proposals from Baker Tilly/Virchow Krause
and from other audit firms. The Board selected Moss Adams for the 2011 financial
audit and extended the contract for the 2012 financial audit.
Moss Adams professionally completed the audits for both years and presented the
results to the Board. Moss Adams charged the District $40,000 and $41,500 for 2011
and 2012 respectively, which was consistent with the contract.
The original contract was dated October 2011 and authorized staff to extend for two
additional years.
3. NEW INFORMATION
Moss Adams has proposed the next audit to cost $43,500 (Attachment 1), which is
less than a 5% increase and well below the cost of the other proposals received from
qualified audit firms in 2011.
Staff has been pleased with the professional service and guidance provided by Moss
Adams.
4. FISCAL IMPACT
The 2013 audit will be performed in 2014 and the $43,500 cost will be included the
proposed FY14 Budget.
5. RECOMMENDATION
Authorize the Board President to extend the contact with Moss Adams for a cost not to
exceed $43,500.
Robert Mescher
Administrative Services Manager
Michael D. Holley
General Manager