City Council Agenda
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Memo to: |
Manteca City Council |
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From: |
Matthew Boring, Finance Director |
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Prepared by: |
Melissa Munoz, Interim Assistant Finance Director |
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Date: |
March 3, 2026 |
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Subject: |
Approve a Contract with The Pun Group, LLP for Auditing Services |
Recommendation:
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Approve a contract for professional audit services with The Pun Group, LLP for a three-year term, with two (2) optional one-year extensions, for a total contract amount not-to-exceed $702,631 and authorize the City Manager to execute the agreement and all necessary documents.
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Background:
The City is required to produce annual financial statements that are reviewed by an external auditor. The previous professional audit firm contracted for this work has been auditing the City's financial statements for over 20 years, and the City last completed an RFP process for audit services in 2018.
An RFP for professional audit services was issued in December 2025, and six firms submitted proposals. The proposals were evaluated based on qualifications, technical expertise, audit approach, and price. Based on this evaluation, the Pun Group, LLP, was ranked as the most responsive and advantageous to the City, offering a strong audit approach, a detailed work plan, including additional services, and staff training on new accounting pronouncements and requirements
Fiscal Impact:
The total contract amount for the initial three-year term, including two optional one-year extensions, shall not exceed $702,631. Sufficient budget is included for these services in the General Fund Fiscal Year 2025-26 budget and will be incorporated into future fiscal year budgets.
Documents Attached:
1. Attachment 1 - Contract