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Richmond council approves interim accounting contract to support accrual accounting
Summary
The Richmond City Council unanimously approved a Professional Services Agreement with Interim Solutions to provide interim accounting guidance on accrual accounting and financial preparation, authorizing the mayor to sign the contract.
The Richmond City Council on July 8 unanimously approved a Professional Services Agreement with Interim Solutions to provide interim accounting support to city staff.
Councilor Deanna Guy said the contract is intended to give staff guidance on accrual accounting and preparation as the city transitions financial processes. “The Committee has met prior to tonight's meeting with items on the agenda,” Guy said while explaining the benefit of outside accounting assistance. Councilor Ron Peterson seconded the motion to approve and authorize the mayor to sign; the roll call vote was 8-0 in favor.
The agreement was presented as part of routine efforts to strengthen financial reporting; the council did not discuss contract dollar amounts or a specific timeline in the public minutes. The motion was recorded as approved 8-0, with no council dissent.
The next procedural step recorded in the minutes is to execute the agreement as authorized by the mayor and city clerk.
