Submitted By: Peter Brill
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Presentation By: Peter Brill
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Department: Finance
STAFF RECOMMENDATION (Motion Ready):
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Approve five-year agreement for the provision of professional audit and Annual Comprehensive Financial Report services with Purvis, Gray and Company, LLP in an amount not to exceed $748,600
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OCALA'S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
PROOF OF PUBLICATION:
Request for Proposal Released to Public: 5/20/2024
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BACKGROUND:
The City of Ocala has contracted with the audit firm Purvis, Gray and Company, LLP for twenty years. The most recent audit covered the fiscal year ending September 30, 2023. City management decided it was important to open the selection process for audit and Annual Comprehensive Financial Report (ACFR) services to ensure competitiveness in the marketplace. Additionally, the Government Finance Officers Association recommends that governmental entities undergo a comprehensive competitive process when selecting independent auditors at the end of an audit contract.
FINDINGS AND CONCLUSIONS:
On March 16, 2010, the City Council established that it would serve as the Auditor Selection Committee and would be primarily responsible for appointing, compensating, retaining, and overseeing any independent accountants engaged in preparing or issuing independent audit reports or performing other independent audits, reviews, or attest services.
Section 218.391 of the Florida Statutes outlines the procedures required to be followed by the City for the selection of the independent certified accounting firm responsible for conducting the annual audit. On March 19, 2024, the City Council approved Request for Proposal (RFP) No. FIN/240274, which outlined the factors for evaluating the City's audit services and directed the Procurement and Contracting Department staff to advertise the RFP publicly.
RFP No. FIN/240274 was publicly advertised on March 20, 2024, and proposals were received from five (5) ce...
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