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HomeMy WebLinkAboutAgenda - 06-15-2010 - 4tORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 15, 2010 Action Agenda Item No. 4 — + SUBJECT: RFP Award: Audit Services DEPARTMENT: Asset Management & PUBLIC HEARING: (Y /N) No Purchasing Services (AMPS), Financial Services ATTACHMENT(S): INFORMATION CONTACT: Clarence Grier, Financial Services Director, 919 - 245 -2453 Pamela Jones, AMPS Director, 919- 245 -2650 David Cannell, AMPS, 919 - 245 -2651 PURPOSE: To consider: Awarding Request for Proposal (RFP) #5163 to Martin Starnes & Associates, CPAs, P.A. of Hickory, North Carolina to Conduct auditing services for Orange County in the amount of $83,300; and • To authorize the Manager to sign the contract on behalf of the Board pending staff and attorney review. BACKGROUND: By North Carolina General Statute, Orange County independent audit conducted. For the past three years McGladrey & audit. An RFP was created by AMPS and Financial Services that requirements to conduct the audit. Staff advertised the RFP and sent Five responses were received: 1. Cherry, Bekaert & Holland, Raleigh, NC 2. Clifton Gunderson LLP, Raleigh NC 3. Dixon Hughes PLLC, High Point, NC 4. Martin Starnes & Associates, CPAs, P.A, Hickory, NC 5. McGladrey & Pullen, Greensboro, NC is required to have an Pullen performed the detailed the County's it to interested parties. The proposals were evaluated by Financial Services staff. Martin Starnes & Associates, CPAs, P.A of Hickory, North Carolina was determined to have submitted the best overall proposal. The cost to conduct the audit the first year is $83,300. Firms were also asked to provide the costs for the next two years. Martin Starnes cost for years two and three are $83,300 and $85,800 respectively 4 FINANCIAL IMPACT: The total amount of this expenditure, if approved by the Board, is $83,300. Funds were budgeted in the 2009 -2010 Financial Services budget to cover the expenditure. RECOMMENDATION(S): The Manager recommends the Board: • Award RFP #5163 to Martin Starnes & Associates, CPAs, P.A. of Hickory, North Carolina to Conduct auditing services for Orange County in the amount of $83,300; and • Authorize the Manager to sign the contract on behalf of the Board pending staff and Attorney review.