AGENDA ITEM REPORT
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A MOTION TO ESTABLISH AN AUDITOR SELECTION COMMITTEE CONSISTING OF A MEMBER OF THE CITY COMMISSION AND VARIOUS GOVERNMENT FINANCE PROFESSIONALS FROM OTHER CITIES.
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BACKGROUND:
The City's contract with audit firm Keefe McCullough & Co, LLP has ended. Section 218.391, Florida Statutes, entitled "Auditor Selection Procedures," establishes the required procedures for the selection of auditors to perform the financial audits required by Section 218.39, Florida Statutes, entitled "Annual Financial Audit Reports," and the City Charter, Article III, Section 308, entitled "Independent Audit."
DISCUSSION:
Section 218.391, Florida Statutes, requires that an Auditor Selection Committee be established by the governing body whose primary purpose is to assist in selecting an auditor to conduct the annual financial audit. The established auditor selection process requires a request for proposals (RFP) for the solicitation of the necessary audit services. These procedures help ensure the selection of a qualified auditor. The Auditor Selection Committee for a municipality must consist of at least three (3) members, one (1) of which must be a member of the governing body and who must serve as the committee chair. No employee of the municipality may serve as a member of the Auditor Selection Committee; however, an employee of the municipality may serve in an advisory capacity.
In order to comply with State law, five (5) individuals along with two (2) alternates are recommended to serve on the Auditor Selection Committee. Staff has coordinated the participation of six (6) government finance professionals from local municipalities to serve on the City's Auditor Selection Committee. The remaining member will be selected by the City Commission amongst themselves to serve as the Committee Chair. The membership slate is presented below for approval:
Commissioner Jackie Railey, City Commission, City of Coconut Creek, Chair;
Chelsie Wilson, ...
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