To: Mark R. Hafner, City Manager
From: Aaron Rector, Director of Administrative Services
Subject:
Title
Consider a resolution approving a one-year extension for audit services with Weaver and Tidwell L.L.P.; and authorizing the City Manager to execute all contract documents relating thereto on behalf of the City of Keller, Texas.
Action Requested:
Consider a resolution approving a one-year extension for audit services with Weaver and Tidwell L.L.P. in the amount of $56,850.
Background:
The current contract for audit services from Weaver and Tidwell (Weaver) ended with the publication of the 2020 Comprehensive Annual Finance Report. Over the five-year contract, Weaver has gained extensive knowledge of the City’s financial practices and accounting structure. The 2021 audit process will be more complicated than prior years due to the software conversion that occurred during the fiscal year. Having an audit firm with familiarity with the City’s financial practices and structure will minimize the impact of the conversion during the audit process.
If the extension is approved, the City will retain Weaver for the FY 2020-21 audit and then will conduct a request for proposals for five-year audit services contract starting with the FY 2021-22 audit. If the extension is not approved, the City will conduct a request for proposals for five-year audit services contract starting with the FY 2020-21 audit.
Financial Impact:
Weaver and Tidwell L.L.P. will be providing the extension for $56,850 which is an increase of 4.8% from the current year.
Citizen Input/Board Review:
The Finance Committee approved the extension at their May 4, 2021 meeting.
Legal Review:
None
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial
Council Action:
Approve a resolution approving a one-year extension for audit services with Weaver and Tidwell L.L.P.; and authorizing the City Manager to execute all contract documents relating thereto on behalf of the City of Keller, Texas.