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Independent Audit Services
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Requested Action(s)
recommendation
Request authorization to issue a request for proposals for audit services for the annual financial statements of the Tehama County Solid Waste Management Agency for three fiscal years ending June 30, 2024 through June 30, 2026 with the bid opening to be held at 4:30PM on April 21, 2025 at the Tehama County Solid Waste Management Agency administrative office located at 20000 Plymire Road, Red Bluff, CA 96080.
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Financial Impact:
Previous Audits averaged $10,000 per fiscal year.
Background Information:
Donald R. Reynolds has provided independent audit services to the Agency for eleven fiscal years, beginning with FY 2011/12. In 2023, the Board directed staff to extend the contract with Donald R. Reynolds for independent auditing services for an additional three years. The current agreement for auditing services was set to expire after the FY 2024/2025 audit. Unfortunately, Donald Reynolds has given the Agency notice of his retirement and can no longer provide audit services for FY 2023/24 and FY 2024/25.
The Agency will need to release an RFP for independent audit services for FY 2024, FY 2025 and FY 2026. Included in your agenda packet is the Request for Proposals for Audit Services of the Annual Financial Statements of the Agency and a sample contract. The tentative timeline is below:
4/7/25 Agency releases Request for Proposals
4/21/25 Independent auditor's proposals due to Agency
4/28/25 Evaluation of proposals
5/5/25 Interview top proposal candidates
5/9/25 Selection of independent auditor
5/19/25 Agency and independent auditor complete terms of agreement
6/2/25 Agreement presented to Agency Board of Directors
The agreement shall be effective upon approval by the Agency Board.