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Council approves audit engagement and actuarial services as city seeks to get audits current
Summary
Council approved an actuarial engagement for GASB 75 and an audit engagement with Wipfli LLP to bring city audits up to date. The Wipfli engagement lists a $52,500 audit fee plus a $2,500 grants audit fee and a technology administration fee equal to 6% of professional fees.
Council approved an engagement with Menard Consulting for actuarial reporting related to other post-employment benefits (GASB 75) and authorized an audit engagement with Wipfli LLP for the fiscal year ending April 30, 2026. Finance staff said the work is needed to comply with audit standards and to bring the city's records up to date.
The Wipfli engagement as read in the meeting lists a financial audit fee of $52,500, a grants (single-audit) fee of $2,500 and a technology-administration fee equal to 6% of professional fees; Menard Consulting's base fee was listed as $2,000 and other roll-forward figures in the transcript were unclear. The finance commissioner said, "This audit will bring us up to date. We will no longer be behind," and the council approved both engagements.
