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City staff is able to determine the appropriateness of revenues in the proper <br />categories (Taxes, Intergovernmental Revenues, etc.). <br />More efficient audit for the City and the audit firm since the CAFR Statements <br />and Footnotes are ready when the audit staff arrives for the final fieldwork. <br />All five firms are qualified to perform audit services for the City, all five firms had appropriate <br />staffing for these services, and all five firms had an acceptable audit approach. In addition, three <br />of the firms were within $11,000 of each other during the five year period. <br />CLA had the lowest proposal for audit services of the five firms. Since staff was satisfied with <br />the audit services from CLA during the 2018 audit, it is recommended that CLA be retained for <br />audit services. Staff did not feel is necessary to bring other audit firms into interview, since we <br />were satisfied with the audit services from CLA in 2018. <br />Audit firm <br />preparing the <br />CAFR <br />City <br />preparing the <br />CAFR <br />2018 Actual $23,675 <br />2019 23,410 $20,000 <br />2020 24,000 21,000 <br />2021 24,700 21,700 <br />2022 Optional 25,400 22,400 <br />2023 Optional 26,100 23,000 <br />The proposed Principal from CLA met with staff to discuss the City responsibilities and auditor <br />responsibilities, if the City would prepare the CAFR. Based on this discussion, it is <br />recommended that the City prepare the CAFR for the 2019 audit. CLA is willing to be flexible <br />in future years regarding the preparation of the CAFR. The pricing for future audits would be <br />based on who prepares the CAFR each year. <br />STAFF RECOMMENDATION: <br />Based on the responses and staff analysis, it is the recommendation that the City retain <br />CliftonLarsonAllen LLP as the City’s auditor for 2019-2021 with an additional two-year option.