Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Procurement Audit Services topic
No spam. Unsubscribe anytime.
Frostburg receives one proposal for next-year audit; SV&Company bid $45,350 for FY25 audit
Summary
City staff reported the request for proposals for auditing services returned a single response from SV&Company with an all‑inclusive first‑year price of $45,350 for the fiscal year ending 06/30/2025; staff said references returned positive feedback and recommended entering into an agreement pending reference checks.
City staff told the mayor and council that one firm, SV&Company, responded to the city’s request for proposals (RFP) for auditing services. The firm submitted technical and cost proposals; the all‑inclusive first‑year price for the fiscal year ending in 2025 was $45,350, according to staff.
Staff said they had contacted or would contact references and that other local entities reported positive experience with the firm. Staff noted the firm describes use of analytics and software tools in its proposal. Staff recommended the mayor and council move forward with an agreement but did not seek formal approval during the work session; the council asked about prior audit cost levels and noted the previous audit had been about $73,000.
