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Finance director reports audit progress; committee discusses whether to extend CLA or seek proposals
Summary
Finance staff said auditors completed February fieldwork and singled out ARPA and DHS grants for additional single-audit testing. S2 said CLA's contract ends after the 2025 audit; staff expect a formal recommendation to the finance committee about a possible extension but will solicit quotes if members prefer an RFP.
Finance staff reported progress on the city's annual and single-audit work and flagged a contract decision on external auditors.
S2 told the committee that auditors completed a week of fieldwork in February, moved through accounts-payable and payroll testing, and are working through roughly 92 outstanding AIE portal requests. Staff expect single-audit completion for federal grant programs (including ARPA and DHS-funded awards) within the next week or two and normal audit fieldwork to resume in April with a target completion in June.
S2 said the CLA contract covers audits through 2025 and that the firm may recommend an extension for 2026 and 2027 because they have been deeply familiar with the city's books since 2021; S2 said staff would obtain additional quotes and could pursue an RFP if the committee preferred. "That being said, we have a couple of options, which would be obviously going out for an RFP," S2 said; another member added that periodic rotation of auditors every three to five years is appropriate but that continuity can matter during turnover.
The committee did not vote on auditor selection but asked staff to collect additional price quotes and await a formal recommendation next month.
