Oldsmar engages Wells, Hauser & Schnottzel for FY2025 audits and CRA review
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Summary
Council authorized engagement letters with Wells, Hauser & Schnottzel (PA) for the city and CRA audits, fee not to exceed $64,500 for city financial statement audit plus other optional engagements; single audit or alternative COVID‑fund compliance examination included if required.
The council authorized the city manager to execute engagement letters with auditing firm Wells, Hauser & Schnottzel, P.A., to perform the city’s fiscal year 2025 external audit and the Community Redevelopment Agency audit. Staff said the base audit fee for the city’s basic financial statements will not exceed $64,500; the engagement includes $3,800 for the county EMS affidavit and up to $11,000 for single‑audit services if federal or state thresholds trigger a single audit. Because the city received coronavirus state and local fiscal recovery funds, the engagement also includes $30,100 for an alternative compliance examination if a single audit is not required. The CRA audit fee was listed at not to exceed $5,950. Council approved the engagement and staff said the firm has served as the city’s external auditor in prior years.