REPORT TO THE CITY COUNCIL
FROM: SANTINO DANISI, MBA, City Controller/Finance Director
Finance Department
BY: KALEB NEUFELD, MBA, Assistant Controller/Assistant Director
Finance Department
SUBJECT
Title
Approve the Third Amendment to the Service Agreement with The Pun Group, LLP, for independent outside auditing services related to Fiscal Year 2025-26, to increase the total contract by $263,000, for a revised total fee amount not to exceed $1,057,635
Body
RECOMMENDATION
Staff recommends that the City Council approve the Third Amendment to the service agreement and exercise a one-year contract extension for work to be conducted in Fiscal Year 2026-27, pertaining to Fiscal Year 2025-26 (Year Five) of the existing contract, for an additional amount not to exceed $263,000, resulting in a revised total fee amount not to exceed $1,057,635.
EXECUTIVE SUMMARY
Section 1216 of the City of Fresno's Charter requires the City to employ a Certified Public Accountant to perform an independent audit of the City's books, public records, inventories, and reports. Independent financial audits are a critical component of the City's financial oversight framework, supporting transparency, accountability, and compliance with state and federal reporting requirements. To maintain continuity in audit services and ensure the timely completion of the City's Annual Comprehensive Financial Report (ACFR) and other required audits, staff recommends exercising a one-year contract extension and approving a contract amendment for work to be completed for Fiscal Year 2025-26.
BACKGROUND
The Pun Group has served as the City's independent outside auditor since 2022 and completed the final year (Year Four) of the agreement in Fiscal Year 2025-26. The contract allows for up to three one-year extensions. Under the current contract scope, The Pun Group is responsible for performing an independent audit of the City's books, public records, inventories, and reports. Their work ...
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