Agenda Package - 02-01-10 - Laserfiche WebLink

Home Browse Search

GS G 8 1 LEE COUNTY Committed Today for a Better Tomorrow LEE COUNTY BOARD OF COMMISSIONERS ITEM ABSTRACT ITEM NO. II. D. _ Information Meeting Date: February 1, 2010 Action Item XX Consent Agenda SUBJECT: Audit Service Extension Agreement DEPARTMENT: Finance CONTACT PERSON: Lisa G. Minter, Finance Director REQUEST: Approve audit service extension agreement with Martin Starnes & Associates for the fiscal years ending June 30, 2010 through June 30, 2014. SUMMARY: The County is required to have an audit of its financial statements each year. In the spring of 2005, we issued a request for proposal for audit services for a five year period ending with fiscal year ended June 30, 2009. In April 2005, the Board of Commissioners approved Martin Starnes & Associates, CPAs, P.A. as our audit firm for the five-year period. Martin Starnes & Associates, CPAs, P.A. has proposed a five-year service extension agreement. Listed below is the pricing information from Martin Starnes & Associates' proposal. Fiscal year ended Martin Starnes & Associates 2010 $40.200 2011 $41,000 2012 $42.200 2013 $43,000 2014 $43,800 The proposed fees result in a 0% increase for 2010. and a 1.5% average annual increase for 2011 - 2014. Last year Martin Starnes & Associates, CPAs, P.A. provided audit services to 32 of the State's 100 counties. Based on the level of service that we have received the past five years and the firm's ongoing commitment to the local government market, I ask that the Board except the audit service extension agreement. At this time, there are no CPA firms in Lee County that have expressed an interest in performing audit services for the County. BUDGETIMPACT: ATTACHMENT(S): PUBLIC HEARING PRIOR BOARD ACTION: RECOMMENDATION: The $40,200 fee will be included in the FY 2010-2011 budget. Service extension agreement letter from Martin Starnes & Associates CPA's, P.A. N/A See above Approve the service extension agreement with Martin Starnes & Associates, CPA's P.A.