The City of Lee's Summit - File #: BILL NO. 20-66

• File #: BILL NO. 20-66
• Type: Ordinance
• Status: Passed
• File created: 1/31/2020
• In control: City Council - Regular Session
• On agenda: 4/14/2020
• Final action: 4/14/2020
• Title: An Ordinance approving the award of RFP No. 2020-026 for financial auditing services for a one-year term with up to four, one-year renewals, to RSM US LLP, and authorizing the City Manager to execute the same and by and on behalf of the City of Lee's Summit, Missouri. (F&BC 4-13-20)

Date	Action By	Action	Result
4/14/2020	City Council - Regular Session	for second reading	Pass
4/14/2020	City Council - Regular Session	adopted and numbered	Pass
4/13/2020	Finance and Budget Committee	recommended for approval	Pass

Title
An Ordinance approving the award of RFP No. 2020-026 for financial auditing services for a one-year term with up to four, one-year renewals, to RSM US LLP, and authorizing the City Manager to execute the same and by and on behalf of the City of Lee's Summit, Missouri. (F&BC 4-13-20)

Body
Issue/Request:
An ordinance approving the award of RFP No. 2020-026 for financial auditing services for a one-year term with up to four, one-year renewals, to RSM US LLP, and authorizing the City Manager to execute the same and by and on behalf of the City of Lee's Summit, Missouri.

Committee Motion:
I move to recommend to the City Council for approval of an Ordinance approving the award of RFP No. 2020-026 for financial auditing services for a one-year term with up to four, one-year renewals, to RSM US LLP, and authorizing the City Manager to execute the same and by and on behalf of the City of Lee's Summit, Missouri.

Council Motion:

FIRST MOTION: I move for second reading of an Ordinance approving the award of RFP No. 2020-026 for financial auditing services for a one-year term with up to four, one-year renewals, to RSM US LLP, and authorizing the City Manager to execute the same and by and on behalf of the City of Lee's Summit, Missouri.

SECOND MOTION: I move for adoption of an Ordinance approving the award of RFP No. 2020-026 for financial auditing services for a one-year term with up to four, one-year renewals, to RSM US LLP, and authorizing the City Manager to execute the same and by and on behalf of the City of Lee's Summit, Missouri.

Key Issues:
A qualified auditing firm is need to provide the following services:
-A Single Audit Report is performed annually to provide assurance to the U.S. federal government as to the management and use of such funds by recipients.
-Consolidated Annual Financial Report (CAFR) is an annual report that includes three major sections: introductory, financial, and statistical. The introductory section furnishes general infor...