TO: Mayor and Members of City Council
THRU: Jeffrey Yates, Interim Chief Financial Officer /Assistant City Manager
FROM: Kimberly Toon Purchasing Manager and Amanda Mott Accounting Manager
DATE: January 13, 2025
RE:
Title
Communication from Independent Auditors Regarding FY 2024
Audit
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal V: Financially sound City Providing Exemplary City Services
Objective A: Ensure strong financial management with fiduciary accountability and plan for the future resource sustainability by aligning resources with City priorities
Executive Summary:
The City’s Independent audit firm, PBMares LLP, has requested that the attached letter of communication be presented to Council.
Background:
On November 4, 2024, the Council approved the Aduit report from PBMares LLP the City’s Independent auditors for the fiscal year ending June 30, 2024.
Issues/Analysis:
The attached letter is intended to communicate certain matters related to the change in scope and fee increase due to additional hours needed to review all required City programs for the year ending June 30, 2024.
Budget Impact:
The original fee was $115,000 and the modified fee is $144,915.00
Options:
N/A
Recommended Action:
Information Only
Attachments:
Communication Letter from Independent Auditors