For City Council Meeting July 22, 2025
TO: Honorable Mayor and City Council
FROM: Tanya Williams, City Manager
AUTHOR: Scott Williams, Director of Finance
Title
Request City Council to: (1) Approve a Three-Year Professional Services Agreement for Independent Audit Services to The Pun Group, LLP in the Amount of $269,854 With Two Optional One-Year Extensions, and (2) Authorize the City Manager to Execute all Related Documents.
(ACTION)
Body
RECOMMENDATION
Staff recommends that the City Council:
1) Approve a Professional Services Agreement with The Pun Group, a Limited Partnership in the amount of $269,854 for an initial term of three years, with the option to renew for an additional two years based on satisfactory performance; and,
2) Authorize the City Manager to execute all documents.
BACKGROUND
Each year the City requires an independent audit of its financial records. Recently, the City used the services of Lance, Soll and Lunghard, LLP (LSL) to perform the annual audit of the City's financial statements for the last three Fiscal Years 2021-22, 2022-23, and 2023-24. The contract with LSL has expired, and the City does not intend to exercise its option for an extension. Staff initiated a Request for Proposals (RFP 25-025) process in April 2025 to select a new auditing firm commencing with the Fiscal Year 2024-2025 annual audit.
ANALYSIS/DISCUSSION
The City released RFP No. 25-025 with a deadline date of April 25, 2025, and published the Notice Inviting Proposals on the City of Rialto's website as well as on the PlanetBids website. In response to the RFP, the City received two proposals from the following firms, listed in alphabetical order:
* Macias Gini & O'Connell, LLP
* The Pun Group, LLP
Finance staff reviewed and evaluated the submitted proposals based on technical qualifications, relevant experience, customer service focus, pricing, and references from similar engagements. Based on this evaluation, staff determined that both firms met the mi...
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