CC Resolution 10897
Resolution No. 10897
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
AUTHORIZING THE FINANCE DIRECTOR TO ISSUE A REQUEST FOR
PROPOSAL FOR PROFESSIONAL AUDIT SERVICES FOR FISCAL YEARS 2008
THROUGH 2012
WHEREAS, the City's financial policies require an annual financial audit; and
WHEREAS, the City's contract with the current audit firm expired with the
completion of the FY 2007 audit; and
WHEREAS, City financial policy requires a request for proposal (RFP) for
Professional Audit Services Required be issued every five years; and
WHEREAS, staff has recommended revisions to the current financial policy
which would allow an incumbent audit firm to serve a maximum of two consecutive
five year terms.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of
Campbell that the Finance Director is authorized to issue a Request for Proposal for
Financial Audit Services; and
BE IT FURTHER RESOLVED, that the current financial policy (VIII(h)) be
revised allowing an incumbent audit firm to serve a maximum of two consecutive five
year terms; and
BE IT FURTHER RESOLVED, that the Finance Director and Finance sub-
Committee will review the proposals and make a recommendation to the City
Council; and
BE IT FURTHER RESOLVED, that the amount of $37,500 has been
appropriated in the FY 2008 Adopted Budget to fund this expenditure.
PASSED AND ADOPTED this 1 st day of April, 2008, by the following roll call
vote:
AYES:
NOES:
ABSENT:
Councilmembers Furtado, Kennedy, Low
Councilmembers Burr
Councilmembers Hernandez
APPROVED:
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Anne Bybee, City Clerk