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El Paso employees trust authorizes request for proposals for annual audit; staff to fast-track selection
Summary
Trustees voted to issue an RFP for external audit services after the Financial Oversight Committee recommended seeking proposals. Staff projected proposals due Sept. 10 and anticipated a selection in October to meet municipal audit timelines.
The City of El Paso Employees Retirement Trust on Aug. 20 approved issuing a request for proposals (RFP) for annual audit services and authorized staff to distribute a draft RFP immediately.
Robert Ash, the trust's executive director, said the Financial Oversight Committee (FOC) reviewed recent audits and recommended reissuing the audit engagement for proposals rather than automatically extending the current auditor. He identified timing pressure because the trust's…
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