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Glenn Heights selects Vail & Park as auditors; year‑one cost estimated at $63,000
Summary
After a procurement, the council approved an engagement with Vail & Park, P.C. to conduct the annual audit. Year‑one costs are higher because of initial testing and a single‑audit requirement tied to federal grant spending.
The City of Glenn Heights approved a resolution to engage Vail & Park, P.C. as the city's auditors, authorizing the city manager to execute an engagement letter for the 2024–25 audit and future annual audits.
Finance Director Sherry Roberts explained the procurement: the city's prior auditor declined to bid after five years of service and Vail & Park submitted the only proposal. Roberts said staff recommended selecting Vail & Park and explained year‑one costs: a $35,000 base financial statement audit, $5,000 for beginning balance testing as a new auditor, an estimated $15,000 single audit tied to federal Community Development Block Grant program requirements, and $8,000 for non‑attest services such as assistance implementing recent GASB standards. Roberts summed the year‑one estimate at approximately $63,000.
Representatives from Vail & Park — engagement partner Mike Vail and auditor Tung Pham — described their team, peer‑review standing and audit technology tools designed to manage deliverables and reduce manual work. Pham noted the firm will plan for an on‑time issuance well before the SB‑1851 deadline that requires audits of fiscal years ending Sept. 30, 2025, to be issued by March 31, 2026.
Council approved the auditor engagement on a 6‑0 vote with Councilmembers Garrett, Bruton, Hale, Lightfoot, Mayor Pro Tem Benford and Mayor Brown voting aye. Roberts told the council the first‑year increase reflects start‑up work for a new firm and the cost of a potential single audit if applicable.
