City Council

7.\nAPPROVE AGREEMENT WITH DAVIS FARR LLP FOR INDEPENDENT\nAUDIT SERVICES The City issued a Request for Proposal (RFP) for\nprofessional auditing services and received eight proposals. The Audit\nCommission appointed an Ad-Hoc Committee, consisting of Chair Lillyan\nChandler and Commissioner John Wende, to evaluate proposals from the\ntop ranked audit firms. On April 23, 2026, the Audit Commission received\nfeedback from the Ad Hoc Committee. After deliberation, the Audit\nCommission recommended that the City Council approve a service\nagreement with Davis Farr LLP as the City’s independent auditor.\nRecommendation: Recommend the City Council: 1. Approve a\nprofessional service agreement with David Farr LLP as the independent\ncertified public accounting firm to perform auditing services for three years\nbeginning with the fiscal year ending June 30, 2026, with the option of\nproviding the same services for two subsequent fiscal years. 2. Authorize\nthe City Manager or designee to execute necessary contract documents\nand subsequent amendments with Davis Farr LLP subject to any non-\nsubstantive modifications as may be deemed necessary and/or\nrecommended by the City Attorney. Fiscal Impact: The all-inclusive fee\nproposed by Davis Farr LLP for the fiscal year ending June 30, 2026 is\n$54,240. The Fiscal Year 2026-2027 proposed budget includes sufficient\nfunding to cover the scope of work associated with this agreement. Total\nmaximum cost over a five-year contract term (initial three years plus two\noptional years if exercised) is $281,336 and will be incorporated in the\nannual proposed budget for Council's consideration.