HomeMy WebLinkAboutOrdinance No. 3475-2025WHEREAS, Council authorized a professional service contract for audit services through the passage of
Ordinance 2021-25 at the April 21, 2021 meeting; and,
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WHEREAS, in conjunction with the audit for the FY2024 Annual Comprehensive Financial Report BDO
USA, P.C. (BDO) provided additional technical assistance for the preparation of financial statements;
and,
WHEREAS, the total cost for additional technical assistance of $22,000 for the FY2024 audit requires
additional funding; and,
WHEREAS, the FY2026 City of Kenai Annual Budget will include sufficient funding for the City's FY2025
financial audit for Council's consideration as the final one-year extension of the contract is extended with
a now termination date of December 31, 2025.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, AS
FOLLOWS:
Section 1. Upon adoption of the FY2026 City of Kenai Annual Budget, the City Manager is authorize,#.'
to issue a purchase order in the amount of $70,000 for completion of the FY2025 financial audit and ar
amendment to the agreement with BDO USA, P.C. that reflects the same.
Section 2. That the City Manager is authorized to execute a change order to BDO USA, P.C. in the
amount of $22,000 for the FY2024 financial audit. Purchase Order 129818 is authorized to be increased
from $55,000 to $77,000.
Section 3. That the following budget revision is authorized:
General Fund:
Increase revenues —
A propri tion of Fund Balance $22
Increase expenditures —
Legislative — Professional Services
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Ordinance No. 3475-2025
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of this title or application thereof to other persons or circumstances. The City Council hereby declares
that it would have enacted the remainder of this ordinance even without such part, provision, or
application.
Section 5. Effective Date: That pursuant to KMC 1.15.070(f), this ordinance shall take effect
immediately upon enactment,
Brian Gabriel Sr., Mayor
ATTEST-
WCQI. anr,A MC, City Clerk
Approved by Finance: 41-
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TO: Mayor Gabriel and Council Members
® Terry Eubank, City Manager
FROM: Dave Swarner, Finance Director
DATE: May 13, 2025
SUBJECT: Ordinance No. 3475-2025 - Increasing Estimated Revenues and
Appropriations in the General Fund — Legislative Department and
Increasing the Purchase Order Amount to BDO USA, P.C. tothe
FY2024 and FY2025 Financial Audits.
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The City Manager is executing a final one-year contract extension with BDO that expires on
December 31, 2025. Administration may need to seek Council approval at a later date to extend
further if the work cannot be completed in time.