Title
A resolution designating an independent auditor as required under section 3-160 of the Charter of the City of Colorado Springs
Body
From:
Denny Nester, City Auditor, via the Audit Committee
Summary:
The City Charter states, "3-160.Independent Audit. The Council shall provide for an independent annual audit of all City accounts and may provide for more frequent audits as it deems necessary. Such audits shall be made by a certified public accountant or firm of such accountants who have no direct personal interest in the fiscal affairs of the City government or any of its officers. The Council may, without requiring competitive bids, designate such accountant or firm annually or for a period not exceeding three (3) years, provided that the designation for any particular fiscal year shall be made not later than six (6) months after the beginning of such fiscal year. If the State makes such an audit, the Council may accept it as satisfying the requirements of this section. (1977; 1985)
Previous Council Action:
The City Auditor briefed City Council on the upcoming designation of an independent auditor at their June 9, 2014 work session.
Background:
In late 2012, Mayor Bach asked City Council to consider changing the City's External Financial Auditor to provide a fresh perspective on financial operations and controls. City Council expressed their desire to work with the Mayor and their willingness to consider a change. The process to consider a change was subsequently delayed a year with the concurrence of all parties involved.
In 2014, the Audit Committee directed the City Auditor to move forward with the process for considering a change. In March 2014, the City issued Request for Proposals (RFP) No. R14-029CR for Professional Auditing Service for the City of Colorado Springs with a closing date of April 23, 2014. The proposals that were received were reviewed by the Audit Committee along with staff from City Administr...
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