Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Establishing An Auditor Selection Committee For The Purpose Of Establishing Factors To Use For The Evaluation Of Audit Services, Publicly Announcing The Request For Proposals, Providing Interested Firms With A Request For Proposals Through The Appropriate Staff, Evaluating Proposals Received By Qualified Firms, And Ranking And Recommending In Order Of Preference No Fewer Than Three Firms Deemed To Be The Most Qualified To Perform The Required Service Of Conducting The Annual Financial Audit, All As Required By And Pursuant To Section 218.39, Florida Statutes.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the Resolution.
Explanation:
The City is required to do an annual financial audit, to be performed by an independent certified public accountant. The contract with the City’s current Auditor expires with the conclusion of the Fiscal Year 2020 audit.
State Statutes require the establishment of an Auditor Selection Committee as the first step in the process.
Recent revisions to the Statutes, combined with recommendations from the Auditor General of the State and also the Government Finance Officers Association, suggest that the Selection Committee should be comprised of the members of the City Commission.
This Resolution would appoint the seven members of the City Commission as the members of the Auditor Selection Committee.
Fiscal Impact:
There is no fiscal impact associated with the establishment of the Auditor Selection Committee.
Recommended for inclusion on the agenda by:
Melissa Cruz, Director, Department of Financial Services
David E. Keller, Fiscal Affairs Special Projects Manager
Adam Reichbach, Assistant City Manager for Finance and Administration