Title
To authorize the City Auditor to enter into an agreement along with the Auditor of the State of Ohio and an independent public accounting firm (IPA), as determined by the Auditor of the State of Ohio, for professional auditing services for calendar year 2012 and to authorize the expenditure of up to five hundred thousand dollars from the General Fund; and to declare an emergency. ($500,000.00 )
Explanation
This ordinance will authorize the City Auditor to enter into an agreement for professional auditing services for the calendar year 2012, of the City of Columbus and the Office of the Franklin County Municipal Court Clerk, and to authorize the expenditure of up to $500,000.00.
The Auditor of State is in the process of completing an extensive request for proposals and evaluation process. Selection of the IPA will not take place until August 2012.
The audit agreement covers 5 years (2012-2016) with each year being subject to the authorizing appropriation of Council. This 2012 ordinance represents the first year of this five-year cycle.
It should be noted that 15% of this contract will be subcontracted to a minority firm of certified public accountants. This has been a subcontracting requirement in the City's audit contract since 1985.
FISCAL IMPACT
Funds are currently budgeted in the City Auditor's department for this expenditure.
Body
WHEREAS, all political subdivisions of Ohio are required to be audited by the Auditor of the State of Ohio or his designee; and
WHEREAS, the United States Office of Management and Budget through the Single Audit Act of 1996, as amended, has made it possible for all federal grants to be audited via one comprehensive audit; and
WHEREAS, the Auditor of the State of Ohio and the Columbus City Auditor have concurred that the most appropriate way to meet all such requirements is to engage an independent public accountant to conduct an independent audit of the City's 2012 accounting records and those of th...
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