Title
Issuance of Request for Proposals for Professional Auditing Services for the Annual Financial Statements Audit - Gainesville Regional Utilities Segment (B)
Explanation
Florida Statutes section 218.39 and Gainesville Code of Ordinances section 2-433 require the City Commission to employ an independent certified public accountant, not connected with the government of the City, to audit the accounts maintained and the financial statements prepared by the City for each fiscal year. The current contract with Ernst &Young, LLP for the GRU segment for professional auditing services concludes with the audit of the September 30, 2013 financial statements. Ernst & Young, LLP has indicated that they are not currently interested in an option to extend the contract for an additional three years. Therefore, the procurement of a new contract for professional auditing services requires the issuance of an RFP as soon as possible.
Recommendation
The Audit, Finance and Legislative Committee recommends the City Commission authorize the issuance of a Request for Proposals (RFP) for professional auditing services for the annual financial statements audit - Gainesville Regional Utilities (GRU) segment utilizing the proposed methodology and selection factors.