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Council approves three-year audit services proposal from Abdo
Summary
Council approved renewing a three-year audit services agreement with Abdo, accepting modest fee increases tied to market and reporting requirements and directing the firm to continue annual reporting on financing/TIF where required.
The council approved a three-year audit services agreement with Abdo after staff summarized the firm's proposal and reasons for modest fee increases.
Staff said increases reflect CPA market wage pressure, additional state reporting and auditing standards and ongoing staff-development investments by the firm. The proposal also included annual tax-increment financing (TIF) reporting (listed at about $2,000 in the proposal) and a small annual fee increase in subsequent years.
Council approved the proposal by motion and voice vote. Staff said they are satisfied with Abdo's work and recommended continuing the relationship.
