REPORT TO THE CITY COUNCIL
FROM: MICHAEL A. LIMA, Finance Director/Controller
Finance Department
SUBJECT
Title
Award Independent Audit Contract to The Pun Group and authorize the Finance Director/Controller to negotiate and execute a four (4) year contract for services
Body
RECOMMENDATION
Staff recommends that the City of Fresno engage The Pun Group as the City's independent outside auditor to audit various City financial documents for the fiscal years 2022 through and including fiscal year 2025 (four years) at a not to exceed fee (inclusive of indirect expenses) in the total amount of $732,135.
EXECUTIVE SUMMARY
Section 1216 of the City of Fresno's Charter requires the City to employ a public accountant to perform an independent audit of the City's books, public records, inventories, and reports. It is City policy meet this Charter requirement by periodically issuing a Request for Proposals (RFP) for outside audit services. On March 21, 2022, an RFP for outside audit services was posted on Planet Bids with links on the City's website. Correspondingly, a Notice Inviting Proposals was published in the Business Journal. Twenty-six (26) proposals were disseminated, with six (6) firms responding to the RFP. Each of the responding firms was evaluated on responsiveness to the criteria outlined in the RFP, qualifications and experience with similar municipal engagements, detail audit plan presented and proposed fees. An Audit RFP Evaluation Committee (Committee) selected three (3) proposers to have live interviews and formal presentations. Based upon the results of both the RFP process and the live interviews, the Committee determined the firm The Pun Group was the most responsive and responsible proposer. The Committee cited The Pun Group has over 15 years of auditing experience with a variety of government agencies, as well as experience with clients converting to the Tyler Munis ERP system. Thus, staff recommends The Pun Group to be the City'...
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