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Meeting Date:
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6/20/2023 - 5:00 PM
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Category:
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Adoption of Consent Agenda
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Type:
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Action
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Subject:
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Approval of Financial Audit Services Contract 2023-2029
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End Statements:
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End Statement V Financial Well-Being Financial Well-Being
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Enclosure
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File Attachment:
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Summary :
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Board Approval needed for the CliftonLarsonAllen (CLA) financial audit Contract 2023-2029
Background
An extensive RFP process was performed in 2018 and CLA was selected for a five year contract, this contract expired with the completion of the June 30, 2022 audit.
CLA audits five of the largest 10 school districts in Colorado, in addition to DCSD.
Over the past five years CLA has provided excellent customer service and professional advice and guidance to District staff
Staffing shortages have negatively affected the public accounting industry and have made it difficult for some school districts throughout the state to find qualified and reliable firms to provide this service as required by law.
Rationale for Request
Strategic Sourcing has successfully negotiated a 7-year extension contract in which pricing increases will align with state Per Pupil revenue increases with a minimum increase of 2.5% and maximum increase of 5%:
Year 1 (June 30, 3023 audit): $110,000
Year 2: $112,750 - $115,500
Year 3: $115,568 - $121,275
Year 4: $118,458 - $127,338
Year 5: $121,419 - $133,704
Year 6: $124,454 - $140,389
Year 7: $127,566 - $147,408
TOTAL: $830,215 - $895,614
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Funding:
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Recommendation:
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That the Board of Education approve the CLA contract. The Fiscal Oversight Committee’s Audit Subcommittee affirmed the District’s recommendation to extend this contract to CliftonLarsonAllen, LLP for seven additional years.
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Approvals:
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Recommended By:
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Signed By:
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Jana Schleusner2 - Interim Chief Financial Officer
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Signed By:
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Erin Kane - Superintendent
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Vote Results:
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| Original Motion | | Member Ray D Moved, Member Christy Williams seconded to approve the Original motion 'That the Board of Education approve the CLA contract. The Fiscal Oversight Committee’s Audit Subcommittee affirmed the District’s recommendation to extend this contract to CliftonLarsonAllen, LLP for seven additional years.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | Ray D | Yes | | Susan Meek | Yes | | Mike Peterson | Yes | | Becky Myers | Yes | | Kaylee Winegar | Yes | | Christy Williams | Yes | |
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