Commission Meeting Agenda Item
Agenda Item Title
Consideration of approval to enter into an agreement with Carr, Riggs & Ingram for auditing services in response to RFP No. 2022-002.
Agenda Item ID
Staff Recommended Motion
Staff recommends approval of entering into an agreement with Carr, Riggs & Ingram (CRI).
On August 1, 2022, Chet Ross of Shumacker, Johnston and Ross announced that he was resigning as our Town Auditor. Mr. Ross was the Town Auditor for 32 years.
At the September 7th Commission Meeting, Finance Director Winegardner requested approval to advertise a Request for Proposal (RFP) for auditing services. That request was approved and on September 12th the RFP was broadcast on the DemandStar website (a marketplace connecting businesses and government). Two auditing firms were also contacted directly informing them of our auditing requirements. Finding a replacement for Chet Ross is somewhat time critical.
The original deadline for submittals was September 29th but due to Hurricane Ian, that date was moved to October 6th. Only one proposal was received and that was from Carr, Riggs & Ingram. Their fee of $41,000 for the year ending September 30, 2022, which is $6,800 more than what was budgeted. This excess would be split among Finance, Water and Sewer; each department can handle the excess within their respective budgets.
A few benefits provided by CRI include technology where a workspace is shared allowing for more efficient collaboration and less paper use; free government CPE training opportunities; integration of technology and audit procedures; and an open door of communication.
Source of Funding
Finance - Budget