STRATEGIC PRIORITY: Government Performance and Financial Management
AGENDA DATE: September 23, 2020
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Procurement Services
EXECUTIVE: Elizabeth Reich
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SUBJECT
Title
Authorize a five-year professional services contract for audit of the City's financial operations and grant activities for fiscal year ending September 30, 2020 through September 30, 2024 - Weaver and Tidwell, LLP, most advantageous proposer of six - Not to exceed $4,231,500 - Financing: General Fund ($3,748,000), Sanitation Operation Fund ($7,500), Capital Projects Funds ($12,500), Dallas Water Utilities Fund ($12,500), Aviation Fund ($55,000), Dallas Convention Center Hotel Development Corporation ($107,000), Downtown Connection TIF ($55,000), and Dallas Employee Retirement Fund ($234,000) (subject to annual appropriations)
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BACKGROUND
This professional services contract will provide auditing services for the City's financial operations and grant activities for fiscal year ending September 30, 2020 through September 30, 2024. The City Charter (Chapter III, Section 19) requires an annual independent audit of the City's books of account, records, and transactions by one or more certified public accountants. The Single Audit Act of 1996, as amended, also requires an audit of grantees who have received federal grants exceeding certain thresholds. The City Charter requires the City Council to select the external auditor, which it does through its standing finance committee, the Government Performance and Financial Management Committee (GPFM).
The City issued a Request for Competitive Sealed Proposals for audit services. Six firms submitted proposals and presented before GPFM on August 24, 2020.
GPFM committee members graded the proposals on experience and approach. The Office of Procurement Services graded cost and timeframe and the Office of Business Diversity graded the Busin...
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