HomeMy WebLinkAboutDocumentation_Workshop_Tab 04_2/3/2020Agenda Item #4.
Workshop
STAFF MEMO
Meeting: Workshop - Feb 03 2020
Staff Contact: Hugh Dunkley Department: Finance
ITMEM
Discussion on External Auditor Selection Committee
The current auditing contract with the CPA firm of Marcum LLP will expire after the Fiscal Year 2019
audit is completed. Section 218.391, Florida Statutes, requires that each local governmental entity,
district school board, charter school, or charter technical career center, prior to entering into a written
contract with an external auditor, use specified auditor selection procedures when selecting an
auditor to conduct the annual financial audit. The auditor selection procedures referenced above
provides, in part, for the following:
1. That the Village Council establish an auditor selection committee;
2. That the Committee consist of at least three members;
3. One member of the Committee must be a member of the Village Council and shall serve as
chair of the Committee, and
4. An employee, the Village Manager, or the chief financial officer [Finance Director] of the
Village may not serve as a member of an auditor selection committee; however, an employee,
the Village manager, or the Finance Director of the Village may serve in an advisory capacity.
The Committee will be ad hoc in nature and the primary purpose of the Committee will be to (a) establish
factors to be used for the evaluation of audit services to be provided by a certified public accounting firm; (b)
evaluate proposals provided by qualified firms; and (c) rank and recommend in order of preference no fewer
than three firms deemed to be the most highly qualified to perform the required services.
Village Council to discuss manner of selection of Committee members, including number of
members.
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