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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 /> DATE: November 17, 2021 <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 for <br />2021 audit services with CliftonLarsonAllen, LLC. <br /> <br />BACKGROUND: <br /> <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 lowest <br />proposal for audit services of the five firms that submitted proposals and staff was satisfied with <br />the audit services from CLA, a contract for auditing services was awarded to CliftonLarsonAllen, <br />LLC for 2019-2021 with an additional two-year extension option. <br /> CLA <br />preparing the <br />ACFR <br />City <br />preparing the <br />ACFR <br />2018 Actual $23,675 <br />2019 Actual $20,000 <br />2020 Actual* 24,000 24,500 <br />2021 Proposal 24,700 21,700 <br />2022 Proposal 25,400 22,400 <br />2023 Proposal 26,100 23,000 <br /> <br />*Included $3,500 for the “Single Audit” requirement. Local government agencies receiving <br />federal assistance of more than $750,000 of federal dollars in a single fiscal year are subject to an <br />independent financial audit referred to as a "Single Audit" according to the Single Audit Act of <br />1984. A single audit takes care of the audit requirements for all federal departments and agencies <br />and saves the City from having to conduct a series of audits.