HomeMy WebLinkAboutMinutes - Finance Committee - 08/16/2023 -
Finance Administration
215 N. Mason
2nd Floor
PO Box 580
Fort Collins, CO 80522
970.221.6788
970.221.6782 - fax
fcgov.com
Special Council Finance Committee Zoom Meeting
August 16, 2023
222 Colorado River Room
Council Attendees: Julie Pignataro, Emily Francis, Kelly Ohlson
Staff: Travis Storin, John Duval, Gerry Paul, Blaine Dunn, Randy Bailey, Jordan Granath,
Amy Lyons (Library), Kirsten Howard (PFA), Carolyn Koontz
Meeting called to order at 4:08 pm
Selection of Audit Firm
EXECUTIVE SUMMARY: The purpose of this item is to interview three finalists for financial
audit services. A Request for Proposal (RFP) was issued and five firms made proposals. A team
of four that included staff from the City, PFA and Library reviewed the written proposals and
recommend Clifton, Larson Allen, Forivs, and Plante Moran for consideration by the Council
Finance Committee.
GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED
• Recommend an audit firm for subsequent selection via City Council Resolution.
BACKGROUND/DISCUSSION
Process Overview: Each firm will have up to 15 minutes to present, followed by 25 minutes for
questions from the Committee. At the end of the interviews the Committee will discuss and
recommend an audit firm. Staff that reviewed the written proposals will be available to answer
questions from the Committee.
The Committee recommendation will be brought to City Council on September 19.
The auditor selected will have annual contracts renewable for a maximum of 5 years, and per
Code are eligible to be competitively selected for one additional 5-year period, for a maximum
tenure of 10 years for a given firm. If Forvis is selected this will be their second, and final, 5-year term.
SUMMARY:
All three firms; CliftonLarsonAllen LLP, Forvis LLP and Plant Moran presented to the committee.
Presentations were followed by discussion between the committee members and staff.
RESULT: The Committee decided to move forward by a vote of 2-1, with Plant Moran.
This guidance will be brought forward on Consent at the full Council Meeting on September 19th.