TO: Mayor Bien-Willner and Town Council Members
FROM: Jill Keimach, Town Manager
Douglas Allen, CPA
DATE: April 9, 2020
DEPARTMENT: Finance
Staff Contact Douglas Allen
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AGENDA TITLE:
Title
Approval of Contract CON-20-105-FIN for Auditing Services with Henry + Horne, LLP Beginning Fiscal Year Ending June 30, 2020
Body
RECOMMENDATION:
Recommendation
Approve contract CON-20-105-FIN for auditing services with Henry + Horne, LLP beginning fiscal year ending June 30, 2020
Background
SUMMARY STATEMENT:
I. MOST RECENT AUDIT 2019
The accounting firm of CliftonLarsonAllen LLP conducted the annual financial audit for the year ended June 30, 2019 and concluded the Town's financial statements present fairly in all material respects, the financial positions of the governmental activities, each major fund, and the aggregate remaining fund information for the Town of Paradise Valley.
The Town received a clean audit opinion and the Comprehensive Annual Financial Report (CAFR), Annual Expenditure Limitation Report (AELR) and the Highway User Revenue Fund (HURF) Compliance Letter.
II. PRIOR YEARS' AUDITS 2009-2019
The Town has had the same auditing firm since 2011 and had changed the lead and senior auditors for the last audit year 2019
CliftonLarsonAllen LLP has the Town's audit firm since from FY2019 to FY2011. FY2009 and FY2010 were audited by LaronAllen LLP. Cronstrom, Osuch & Company were the Town's auditors from FY2006 to FY2008.
Though the Town has a long-standing relationship with this audit firm and individual auditors, following industry standards the Town conducted an RFP for audit services beginning with its FY2020 financial statements.
III. NEXT AUDITS 2020-2024
A finance department directive was to hold a competitive procurement for auditing services. The department issued a Request for Proposal ("RFP") for Auditing Services due on February 3, 2020. While the main purpose of this solicitation is for the standard Arizona audi...
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