File #: 19-101    Name: Establish Auditor Selection Committee
Type: Motion Status: Passed
File created: 4/4/2019 In control: City Commission
On agenda: 4/25/2019 Final action: 4/25/2019
Title: A MOTION TO ESTABLISH AN AUDITOR SELECTION COMMITTEE CONSISTING OF THE DEPUTY CITY MANAGER/CHIEF FINANCIAL OFFICER, DEPUTY DIRECTOR OF FINANCE AND ADMINISTRATIVE SERVICES, ENGINEER II, AND A FINANCE DIRECTOR OR ASSISTANT FINANCE DIRECTOR FROM ANOTHER CITY.
Sponsors: Finance and Administrative Services
Indexes: Auditor Selection Committee, FINANCE, Motion
Attachments: 1. BACKUP-Section 308, City Charter-Independent Auditor, 2. BACKUP-Chapter 218, Section 391, F.S.

AGENDA ITEM REPORT

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A MOTION TO ESTABLISH AN AUDITOR SELECTION COMMITTEE CONSISTING OF THE DEPUTY CITY MANAGER/CHIEF FINANCIAL OFFICER, DEPUTY DIRECTOR OF FINANCE AND ADMINISTRATIVE SERVICES, ENGINEER II, AND A FINANCE DIRECTOR OR ASSISTANT FINANCE DIRECTOR FROM ANOTHER CITY.  

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BACKGROUND:

The City’s contract with audit firm Marcum LLP has ended, and the City is required by City Charter, Article III, Section 308 entitled “Independent Audit,” to engage a new audit firm.

DISCUSSION:

Section 218.391, Florida Statutes, entitled “Auditor Selection Procedures,” requires an audit committee to be established by the governing body whose primary purpose is to assist in selecting an auditor to conduct the annual financial audit. There is no specific requirement for the makeup of the committee.   

RECOMMENDATION:

Staff recommends approval of this motion.

FISCAL IMPACT:  N/A