|
Finance Committee
<br />Meeting Date: 10/25/2011
<br />By: Diana Lund, Finance
<br />Title:
<br />Award Contract for Professional Audit Services
<br />Background:
<br />On September 13, 2011, the City Council authorized the preparation and distribution of Requests for Proposals for
<br />Professional Audit Services [RFP]. This is a professional service and, therefore, is not bound by the statutory
<br />bidding laws.
<br />The City's current auditors are Malloy, Montague, Karnowski, Radosevich, & Co, PA (MMKR). It should be noted
<br />that staff has been satisfied with MMKR's work, but per the city's 2009 purchasing policy, RFP's for professional
<br />services are to be conducted every three years, unless specifically extended by city council. MMKR's current
<br />contract with the city officially ended on December 31, 2009, but their service was retained for 2010 as council
<br />authorized the extension due to a staffing change in finance. The purpose of the current RFP was for staff to
<br />determine that the current auditing services /price were competitive with local firms.
<br />RFP's [copy attached] were mailed directly to seven firms, each of which is currently active in the Minnesota
<br />Government Finance Officers Association [MNGFOA] and all of which actively audit cities in the metropolitan
<br />area. Those firms solicited are as follows:
<br />Abdo, Eick & Meyers, LLP
<br />Edina, Minnesota
<br />Baker, Tilly, Virchow Krause, LLP
<br />Minneapolis, Minnesota
<br />Eide Bailly, LLP
<br />Bloomington, Minnesota
<br />HLB Tautges, Redpath LTD
<br />White Bear Lake, Minnesota
<br />KPMG Peat Marwick, LLP
<br />Minneapolis, Minnesota
<br />Kern, DeWenter, Viere, LTD.
<br />St. Cloud, Minnesota
<br />Malloy, Montague, Karnowski, Radosevich & Co., P.A.
<br />Minneapolis, Minnesota
<br />4. 1.
<br />The RFP requested a five -year contract for the City, Federal Audit (if needed) and the Fire Relief Association, with
<br />guaranteed not -to- exceed prices for each of the three years
<br />The proposals were due on Monday, October 10, 2011, 2007 and the City received six proposals. Of the seven
<br />firms solicited; KPMG, Eide Bailly and Baker, Tilly, Virchow Krause declined to submit proposals. Whereas,
<br />Smith, Schafer & Associates (Private CPA firm), who was not solicited, presented a proposal.
<br />
|