The City Council of Indianapolis convened on September 19, 2025, to discuss key financial matters, including the appointment of an auditor for the upcoming fiscal year.
During the meeting, a motion was made and adopted to utilize Orbis as the auditor for the 2025 audit. Robert, a committee member, explained that the selection process involved a competitive bidding last year, which resulted in a three-year rate commitment from Orbis. This approach is somewhat atypical, as contracts are usually established for the entire duration. Instead, the committee will review the auditor's performance annually to ensure satisfaction with their services.
The agreed-upon audit price for 2025 is set at $3.20, which is part of the previously negotiated rate guarantee. This arrangement allows for flexibility in response to economic uncertainties, particularly concerning inflation.
The meeting concluded with a clear path forward for the Finance and Audit Committee, emphasizing the importance of ongoing evaluation of the auditor's performance in the coming years.