Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit Contracts topic
No spam. Unsubscribe anytime.
Council approves shortened extension for city auditor, commits to partner rotation
Summary
Council approved a contract extension for the city’s independent auditor with an amended structure (2 years plus one optional year) to balance continuity and periodic partner refresh, consistent with city policy and GFOA best practices.
City finance staff recommended a five‑year contract extension for the city’s independent auditor to ensure continuity and align with best practices. Laura Borjan, the finance manager, said the recommendation follows the Government Finance Officers Association guidance favoring multi‑year agreements to minimize disruption.
Council members debated term length, expressing support for continuity but also for periodic rotation of audit partners to preserve fresh oversight. Council member Wong moved to amend the extension to a 2‑plus‑1 structure (two years with one optional year) that would effectively cap the audit partner’s direct involvement while allowing firm continuity; Council member Goh seconded. Staff noted the city policy contemplates five years as a standard maximum and confirmed that the auditor would rotate the lead partner within the allowable term. The motion to approve the amended contract extension passed unanimously.
Council directed staff to prepare the contract documents reflecting the 2+1 structure and to return for execution. The city will begin a new RFP process near the conclusion of the extended term to ensure competitiveness.
