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Oakland issues RFP for auditing services; staff outlines selection committee and budget impacts
Summary
With the town’s auditor stepping down, staff published an RFP Aug. 8 for auditing services and proposed a selection committee; staff also briefed the commission on FY24.5 budget work in response to an Orange County fire-tax increase.
Finance staff told the commission Aug. 13 that the town’s current audit firm will no longer provide services and that state law requires the town to solicit bids and form a selection committee. The RFP was published on Aug. 8 and will run for about three weeks. Staff recommended the selection committee include one member of the governing body, two community members with relevant finance or municipal experience and a town personnel member in an advisory capacity.
"The auditor selection committee shall review and rank the qualifying proposals individually," staff said, adding that the selection committee will meet publicly to finalize evaluations and the commission will confirm a recommendation and authorize negotiations at a subsequent meeting.
Staff reported one community member and the mayor have already expressed interest in serving on the committee and said the finance department will open applications to residents for the remaining position. The commission must appoint the community member by the Aug. 27 meeting so the committee can evaluate proposals after bids close.
Separately, staff provided an update on fiscal-year 24.5 budget work following notice from Orange County of a fire-tax increase that could affect the town’s millage rate. Staff said they are reviewing expenses, seeking insurance-quote savings, and exploring investment options with the Florida State Investment Program to increase interest revenue in the coming year. Public hearings on the budget were scheduled for September.
Why it matters: The town must replace auditing services and follow state procurement law; the RFP and committee will determine who audits town finances. The county fire-tax increase could affect the town’s budget and next year’s millage rate, prompting staff adjustments.
What’s next: Applications for the selection committee position will be posted on the town website; staff will return with committee recommendations for commission appointment and then a recommendation for auditor selection.
