Fiscal Note
The total audit contract for all related reporting entities (General Government, CDA, Water and Transit) for 2009 will be $194,100 with a maximum percentage increase of 3% for 2010 and for 2011. Funding for the first year of this contract will be included in the 2010 operating budget. A maximum percentage increase of 4% is applicable for the optional extension years of 2012 and 2013. The total actual costs for independent external audit services for 2008 are expected to be approximately $200,400 excluding TIFs, Overture Component Units, and the Public Health Joint Venture audits.
Title
Authorizing the Mayor and City Clerk to sign a contract with Virchow Krause & Company, LLP, for independent external audit services for fiscal years 2009, 2010, and 2011 with an option to extend the contract for two subsequent fiscal years 2012 and 2013.
Body
WHEREAS, the existing contract for independent external audit services expires during 2009, and
WHEREAS, the City participated in a bidding process to solicit proposals under RFP 7930 issued February 17, 2009 for professional auditing services where six Wisconsin accounting firms were mailed the RFP. An additional 55 were notified by www.DemandStar.com, and 64 were notified via Vendornet.state.wi.us, the City’s bid distribution services. Three proposals were received thereto, and
WHEREAS, pursuant to the RFP above, an evaluation team made up of 5 city staff evaluated the proposals, considering factors such as independence, licensing to practice in Wisconsin, technical quality and experience, specific audit approach, and cost of service, and
WHEREAS, Virchow Krause & Company, LLP was the only firm registered on the City’s website as a local firm, and
WHEREAS, based upon the scoring criteria considering all of the above factors, the evaluation team recommended that it is in the best interests of the City to award the contract for independent external audit services to Virchow Krause & Company, ...
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