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P.H. 2022-19: (PUBLIC HEARING 1ST READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE AN AGREEMENT FOR INDEPENDENT AUDITING SERVICES (NO. 1250) BETWEEN THE CITY OF POMPANO BEACH AND KEEFE, MCCULLOUGH & CO., LLP; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $615,860 Maximum for Five Years)
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(Staff Contact: Andrew Jean-Pierre)
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Summary Explanation/Background:
Florida Statutes, Chapter 218.39 require an independent audit of the City’s Annual Comprehensive Financial Report. This item is to approve an agreement for independent auditing services with Keefe McCullough & Co., LLP. At the November 9, 2021 City Commission meeting, the Commission approved the ranking order for RFP E-16-21, Independent Auditing Services. Keefe McCullough & Co., LLP was selected as the highest ranked firm.
Origin of request for this action: Finance
Fiscal impact and source of funding: Maximum for five years $615,860. $116,000 for fiscal year 2021 audit, with additional years 2022 through 2025, being increased according to change in the consumer price index, not to exceed 3%.
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