Explanation
This ordinance will authorize the City Auditor to enter into an agreement for professional auditing services with Plante & Moran, PLLC for the calendar year 2021, for the City of Columbus and the Office of the Franklin County Municipal Court Clerk, and to authorize the expenditure of up to $424,592.
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. The 2012-2016 contract with IPA Plante & Moran, PLLC was extended for one year for the 2017 audit. For the 2018-2021 audit years, the AOS has made a recommendation that the City pursue an additional four year extension with IPA Plante & Moran, PLLC at a negotiated fee.
As the audit contract fees increased each year from 2012 through 2017 by 2.5% per year, Plante & Moran, PLLC has agreed to the terms of the contract with a 2.0% per year increase for the 2018-2021 audits. The fee for 2021, with a 2.0% increase over the 2020 contracted fee, is $424,592.
It should be noted that 15% of this ...
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