Port Richey to seek new auditing firm after delays; staff to issue RFP ahead of state deadline

City finance staff told the council they are pressing the current auditing firm to finish the FY25 audit and will issue a request for proposals for a new auditor to ensure the city meets state filing deadlines.

Why it matters: Municipal audits are required by state law and underpin financial transparency and bond and grant eligibility. Delays can affect the city’s compliance with state deadlines and hinder budget closing and financing plans.

What staff reported
- Finance staff and the city manager said the auditor, based in another state, has been late in delivering audit results and has not responded consistently to calls. The city has a state deadline in November for audit filing, and staff said they are preparing to publish a request for proposals to secure a more responsive auditing firm.
- The city manager said staff plan to ask the city attorney to review the existing engagement (an annual letter, not necessarily a long-term contract) to confirm termination rights and any potential liabilities before soliciting a replacement.

Next steps: Staff will issue an RFP for auditing services and return with recommendations. The city attorney was asked to examine whether the current engagement or letter provides leverage or remedies for missed deadlines. Council members signaled support for moving quickly to secure a firm that will meet deadlines and be more accessible.