Title
Resolution authorizing a two-year initial contract plus three one-year renewal options with Baker Tilly US, LLP, Oak Brook, IL, for Professional Audit Services for Lake County in an amount not to exceed $289,170 for the first year with average annual increases of 3.8 percent.
Staff Summary
* The current contract for audit services for Lake County expires with the completion of the Fiscal Year 2021 audit.
* There is a need to establish a contract with a qualified independent professional firm to provide audit services for the County's financial statements, in accordance with State statutes and governmental accounting standards.
* Audit services for SWALCO, ETSB and VAC are included in this agreement and shall be billed separately according to the fee schedule in the agreement.
* Request for Proposals (RFP) were sent to 39 vendors; sealed RFP's were received from five vendors on July 20, 2022, at 11:00 a.m.
* An interdepartmental evaluation committee interviewed five firms and, based on the evaluation criteria in the RFP, identified Baker Tilly US, LLP of Oak Brook, Illinois as the most qualified firm.
* SWALCO and ETSB will also be contracting separately with Baker Tilly for audit services for those entities. The Veteran's Assistance Commission (VAC) will become an independent entity in Fiscal Year 2023, so the cost in Year 2 includes an independent cost for VAC.
* Lake County desires to enter into a two-year initial term contract with three one-year renewal options available after the initial term with Baker Tilly US, LLP for Professional Audit Services for Lake County.
Body
WHEREAS, in accordance with Section 33.050 of the Lake County Purchasing Ordinance, proposals were called for by publication for Professional Audit Services for Lake County; and
WHEREAS, subsequent to said publication, a request for proposals was extended to 39 vendors and sealed proposals were received from five vendors; and
WHEREAS, based on the criteria set forth in the Re...
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