Agenda Item: 7(h)
Prepared By: Angela Johenning, Purchasing & Risk Manager
Business: Consent Agenda Item
Department: Executive
Subject:
Title
Award of Auditing Services Contract to CliftonLarsonAllen LLP for Auditing of the City of Marco Island Financial Statements, not to Exceed $80,000 - Angela Johenning, Purchasing & Risk Manager
Body
BACKGROUND:
The City of Marco Island has had a contract with the existing audit firm, Mauldin & Jenkins, LLC since August 5, 2013. Although the existing contract with Mauldin & Jenkins, LLC has a one-year extension remaining, the City Council and City Staff feel that it is best practice to rotate audit firms on a regular basis.
Per Chapter 218.391, Florida Statutes, it is the Audit Advisory Committee's (AAC) duty to establish factors to use for the evaluation of audit services as well as to publicly announce a Request for Proposals (RFP) to solicit professional auditing services. In addition, the ACC is tasked with evaluating, ranking, and recommending in order of preference no fewer than three firms. On August 24, 2023, the AAC reviewed and approved the RFP #2023-031 document.
The City received seven (7) responses to this solicitation that were subsequently reviewed and ranked by the AAC members at a public meeting on October 26, 2023. Submittals were evaluated based on the following criteria:
Ability and experience of the assigned personnel 30 Points
Experience of the Firm 25 Points
Ability to furnish required services 25 Points
Total Compensation Proposed 20 Points
Total Points Available 100 Points
The top three-ranked firms were: 1st - CliftonLarsonAllen LLP (CLA) with 537 points, 2nd - Marcum LLP with 508 points, and 3rd - Purvis, Gray & Company with 504 points.
The AAC voted to invite the top-three ranked firms for in-person presentations on December 7, 2023, after which the AAC voted to accept the following ranking and recommend that the City Council award the contract to the hi...
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