ACTION REQUESTED:
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Communication from the City Manager and Finance Director/Comptroller with a Request to APPROVE a MASTER SERVICE AGREEMENT (MSA) with CLIFTONLARSON ALLEN LLP to Provide ACCOUNTING SERVICES to Assist the Finance Department in Preparation for the City’s Annual Audit, in an Amount not to Exceed $40,000.00.
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BACKGROUND: In June 2020, Council approved an Early Retirement Incentive for employees covered by the Illinois Municipal Retirement Fund (IMRF) for the period August 1, 2020 through July 31, 2021. As a result, the Finance Department has begun to see the departure of employees. In order to maintain continuity and meet day to day operations, it is recommended that we enter into a Master Service Agreement with CliftonLarsonAllen to provide accounting services and to assist in the preparation of the City’s annual audit as we hire employees to replace individuals who have left. We anticipate that the hiring process of a new full-time employee will take between six and eight weeks.
FINANCIAL IMPACT: It is anticipated that the cost will be covered by salary savings.
NEIGHBORHOOD CONCERNS: None
IMPACT IF APPROVED: Assistance with preparation of audit schedules and accounting would begin March 24th in an effort to keep completion of audit on schedule until positions can be filled.
IMPACT IF DENIED: Completion of the audit would be significantly delayed in order to maintain day to day operations.
ALTERNATIVES: None
EEO CERTIFICATION NUMBER: 03412-211231
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2017 - 2032 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Financially Sound City
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Have an efficient government.
DEPARTMENT: Finance