Title
RFP No. 2025-152 - Professional Auditing Services and Annual Comprehensive Financial Report (ACFR) Preparation Services.
(Authorize the City Manager to finalize and execute a contract with Forvis Mazars, LLP, in the amount of $150,000.00 for fiscal year 2026 with a 3.18 percent average annual increase through 2030. The term of this contract is for a one-year period, with four additional one-year renewal options. The City Manager is authorized to exercise the renewal options, subject to annual appropriation of sufficient funds.)
Body
Name of Department
Finance
Budgeted Amount
$168,000.00
Sum of Bid/Bid Amount
$150,000.00 2026
$155,000.00 2027
$160,000.00 2028
$165,000.00 2029
$170,000.00 2030
Body
Section 103 of the Texas Local Government Code requires municipalities to have its records and accounts audited annually and to prepare an annual financial statement based on the results of the audit. Article IV, Section 32 of the City Charter further stipulates:
"The City Council shall cause audits annually to be made of the books and of accounts of each and every department of the City. Such audits shall be made by a competent public accountant who shall be selected by the City Council, and a contract entered in from year-to-year; and such contract shall provide that the books of the City shall be audited at least annually; and such auditor's report to the City Council shall be accessible to the public or for publication."
The following shows the history of audit firms for the City:
Audit Firm Fiscal Years Audited Number of Years
BKD/Forvis Mazars, LLP 2015 through 2024 10 years
Grant Thornton 2008 through 2014 7 years
Deloitte 2002 through 2007 6 years
Arthur Anderson 1990 through 2001 12 years
KPMG 1979 through 1989 11 years
The Government Finance Officers Association of the United States and Canada (GFOA) recommends a government make it a policy to undertake a full-scale, competitive audit procurement process at the end of each audit contract. The cur...
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