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HomeMy WebLinkAboutResolution No. 2026-19KENAI CITY OF KENAI RESOLUTION NO. 2026-19 Sponsored by: Administration A RESOLUTION AUTHORIZING A CONTRACT AWARD FOR EXTERNAL FINANCIAL AUDIT SERVICES. WHEREAS, a Request for Proposals was released on February 24, 2026 with proposals due on March 20, 2026 for the 2026 External Financial Audit Services; and, WHEREAS, two proposals were received Consultant Total Score BDO USA P.C. 358 Altman, Rogers & Co. 347; and, WHEREAS, BDO USA P.C. was the highest-ranking proposal with a FY26 cost of $84,000 for external financial audit services; and, WHEREAS, the proposals were determined to be responsive and responsible; and, WHEREAS, the external financial audit services will consist of a three-year term contract with the ability to extend for two additional one-year terms to conduct an annual external audit of the City of Kenai ; and, WHEREAS, the annual contract amount may vary depending on the number of state and federal audits required; and, WHEREAS, sufficient funds for this contract are included in the Fiscal Year 2027 Draft budget; and, WHEREAS, it is in the best interest of the City to award the contract to BDO USA P.C. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA: Section 1. That the City Manager is authorized to execute a contract with BDO USA P.C. for the City of Kenai External Financial Audit Services for three years and may extend for up to two additional one- year extensions with mutual consent of the vender. Section 2. That this Resolution takes effect immediat( PASSED BY THE COUNCIL OF THE CITY OF KENAI, A Michelle M. Saner�fN MC, City Clerk Approved by Finance New Text Underlined; [DELETED TEXT BRACKETED] City of Kenai 1 210 Fidalgo Ave, Kenai, AK 99611-7794 1907.283.7535 1 www.kenai.city MEMORANDUM TO: Mayor Knackstedt and Council Members THROUGH: Terry Eubank, City Manager THROUGH: Dave Swarner, Finance Director FROM: Lee Frey, Public Works Director DATE: April 14, 2026 SUBJECT: Resolution No. 2026-19 - Authorizing a Contract Award for External Financial Audit Services. This memo requests Council's approval to award a contract for the External Financial Audit Services Contract. The project was released for proposals and two proposals were received. Proposals were reviewed and scored by and evaluation committee and scores are as follows: Consultant BDO USA P.C. Altman, Rogers & Co. Total Score 358 347 BDO USA P.C. was the highest-ranking proposer for the project with an associated cost of $84,000 for the audit services. This will be a three-year contract with the ability to extend the contract for two additional one-year terms. The costs may vary from year to year based on the number of additional state and federal audits required. The scope of work will consist of normal duties associated with conducting an external audit of the City of Kenai financials to assist the City in development of the Comprehensive Annual Financial Report. Award of this agreement is in the best interest of the City. Council's approval is respectfully requested.