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Board approves five-year audit contract with Baker Tilly after staff recommendation
Summary
The board approved a five-year professional services agreement for auditing services with Baker Tilly (formerly Craft CPAs); finance director Jason Barnes said the city received one proposal and noted a state 'crosswalk' review fee is unavoidable under the uniform chart of accounts.
The Board of Mayor and Aldermen approved a five-year professional services agreement with Baker Tilly for auditing services after a recommendation from Finance Director Jason Barnes.
Barnes explained the city solicited qualifications for audit services and received a single proposal from Baker Tilly (which acquired Craft CPAs). He said staffing and partner changes have occurred but that the city has worked with Baker Tilly under the new name and recommended continuing the relationship. "We only received 1 proposal, which is fine," Barnes said.
Barnes also described a state-required crosswalk review fee that auditors charge to verify local accounts conform to the state's uniform chart of accounts, saying the fee is unavoidable because auditors must review the crosswalk whether the city prepares it or not. "They still will charge a fee to review the crosswalk because they're still required to review the crosswalk," Barnes said.
The board moved to approve the contract, seconded and carried on a voice vote. The transcript does not record individual roll-call votes.
No contract dollar amount was read into the record in the provided transcript; the finance director said the city will continue working with Baker Tilly and noted internal steps to simplify the general ledger to ease future crosswalk work.
