Explanation
This ordinance will authorize the City Auditor to enter into a contract modification for professional auditing services with Plante & Moran, PLLC for the calendar year 2017, with the City of Columbus and the Office of the Franklin County Municipal Court Clerk. This ordinance authorizes the expenditure of up to $401,070.00
All political subdivisons of Ohio are required to be audited by the Auditor of the State of Ohio or his designee (AOS). 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. The AOS and the City of Columbus Auditor have concurred that the most appropriate way to meet all such requirements is to engage an independent public accounting firm (IPA) to conduct an independent audit of the City's accounting records and those of the Office of the Franklin County Municipal Court Clerk including federal and state grants.
The AOS office oversees a competitive process for selecting IPAs to perform government audits on behalf of the office. In August 2012, the City of Columbus completed the AOS competitive bidding process for the audit contract covering each of the five years from 2012 through 2016, with each year being subject to the authorizing appropriation of Council. Plante & Moran, PLLC was selected through this competitive bidding process. For the audit of fiscal year January 1, 2017 through December 31, 2017, the AOS has made a recommendation that the City pursue a 1-year extension of the 2012-2016 contract with IPA Plante & Moran, PLLC at a negotiated fee.
As the audit contract fees increased each year from 2012 through 2016 by 2.5% per year, Plante & Moran, PLLC has agreed to the terms of the contract with a 2.5% increase for the 2017 audit. The fee for 2017 with a 2.5% increase over the 2016 contracted fee is $401,070.00.
It should be noted that 15% of this contract will be subcontracted to...
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