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HomeMy WebLinkAboutItem 10 - Audit Service Pattillo, Brown & Hill, LLPMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER MEETING DATE: JUNE 7, 2016 SUBJECT: APPROVAL TO RENEW AN ADDITIONAL ONE YEAR CONTRACT OPTION FOR OUTSIDE AUDIT SERVICES WITH PATTILLO, BROWN & HILL, LLP RECOMMENDATION: City Council to consider approval to renew an additional one year contract option for outside audit services with Pattillo, Brown & Hill, LLP. 1111gibligLelglgin; • Funds are available for professional audit fees in the financial service fees account 44535 in an amount not to exceed $155,500. The fees cover the cost of the annual audit review of the City's funds which are appropriated during the budget. The City Council approved a five year contract with Pattillo, Brown & Hill, LLP on April 16, 2013 to perform the City of Grapevine's annual audit services. This would be the fourth year of the five year contract renewal options. Pattillo, Brown & Hill, LLP have extensive experience providing these services throughout the North Texas area with several municipal clients in the Metroplex that are pleased with their professional services. The firm has also performed the City's annual audit for the past six years with satisfactory results. Staff recommends approval. City of Grapevine Audit Fee Allocation Audit Fee Allocation for FYE 2017 < Enter Audit Fee TIF#1 FY 2016 Budget < Enter Audit Fee General Audit 35,000 Budget Summary CGISD Table of All Funds General Fee Amounts Expenditures % to Be Paid Review Allocated New Account Numbers General Fund 62,752,711 38% 100-44535-105-2 Debt Service & Bonds 14,750,609 9% 100-44535-120-1 CVB 19,241,168 12% 115-44535-350-1 Crime District 14,392,012 9% 117-44535-209-2 Lake Parks 1,862,489 1% 119-44535-312-9 4-B 20,721,398 13% 122-44535-122-01 Economic Development 3,492,872 2% 124-44535-124-1 Water / Sewer 24,262,360 15% 200-44535-533-1 Golf 2,946,532 2% 210-44535-340-1 Storm Drainage 1,380,233 1% 116-44535-535-1 TIF#1 $ 165,802,384 100% 10,000 < Enter Audit Fee TIF#1 110,500 < Enter Audit Fee General Audit 35,000 < Enter Audit Fee CGISD One -Time GCISD General Fee Amounts Internal Control to Be Paid Review Allocated Totals $ 41,879.50 $ 41,879.50 $ 9,834.50 35,000 $ 44,834.50 $ 12,818.00 $ 12,818.00 $ 9,613.50 $ 9,613.50 $ 1,215.50 $ 1,215.50 $ 13,812.50 $ 13,812.50 $ 2,320.50 $ 2,320.50 $ 16,133.00 $ 16,133.00 $ 1,989.00 $ 1,989.00 $ 884.00 $ 884.00 $ 10,000.00 $ 110,500.00 1 $ 155,500.00 O:\Audit Fee Allocation\Audit Fee Allocation fy 17 budget.xlsx