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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> <br />FROM: Brenda Malinowski, Finance Director <br /> <br />DATE: January 13, 2021 <br /> <br />RE: Letter of Engagement <br /> <br /> <br />ACTION REQUESTED: <br />Make a motion to authorize the Mayor and City Administrator to sign the letter of engagement <br />for 2020 audit services with CliftonLarsonAllen, LLC, including single audit services. <br /> <br />BACKGROUND: <br />The City requested auditing service proposals in 2019, per the City’s Financial Polices to review <br />consultant performances at a minimum every five years in order to ensure that services are being <br />provided at an appropriate level and price. Since CliftonLarsonAllen, LLC (CLA ) had the <br />lowest proposal for audit services of the five firms that submitted proposals and staff was <br />satisfied with the audit services from CLA, a contract for auditing services was awarded to <br />CliftonLarsonAllen, LLC for 2019-2021 with an additional two-ye ar extension option. <br /> CLA <br />preparing the <br />CAFR <br />City <br />preparing the <br />CAFR <br />2018 Actual $23,675 <br />2019 Actual $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 /> <br />*There will be approximately $3,500 in additional audit fees for the single audit requirements. Local <br />government agencies receiving federal assistance of more than $750,000 of federal dollars in a single <br />fiscal year are subject to an independent financial audit referred to as a "Single Audit" according to the <br />Single Audit Act of 1984. A single audit takes care of the audit requirements for all federal departments <br />and agencies and saves the City from having to conduct a series of audits. The City of Little Canada <br />received approximately $1,007,590 in federal assistance in 2020 through the CARES Act, CDBG funds, <br />and reimbursement from FEMA for the 2019 flood mitigation efforts.