Title
Consider adopting Resolution No. 2026-088 designating Forvis Mazars, LLP as the City's independent auditor and authorizing the City Manager to execute a letter of agreement for audit services, in the amount of $112,375; and take appropriate action.
Body
REQUESTOR:
Finance and Fleet Management Department
BACKGROUND:
Regular audits of the City's financial services are essential to ensuring transparency, accountability, and responsible stewardship of public funds. For the City of Farmers Branch, periodic financial audits support the City's commitment to maintaining public trust, safeguarding taxpayer resources, and ensuring financial practices align with the City Council's strategic priorities.
The Farmers Branch City Charter requires that the City Council designate an independent certified public accountant to perform an annual audit of the City. As such, the City went out to bid for independent auditing services for the next five years.
Staff has reviewed and rated seven audit firms that were responsive to the bid for services. The evaluation process considered each firm’s qualifications, experience serving Texas municipalities, governmental accounting and auditing standards, proposed engagement team, audit methodology, responsiveness, and cost. The firm receiving the highest score was Forvis Mazars, LLP.
DISCUSSION:
Approval of Resolution No. 2026-088 would designate Forvis Mazars, LLP as the City’s independent auditor for a five-year period and would authorize the City Manager to enter into a letter of agreement for audit services.
Annual engagement letters will establish specific audit responsibilities, deliverables, timelines, and fees for each fiscal year in accordance with the firm's negotiated proposal.
DISTRICT:
Citywide
FISCAL IMPACT:
Budgeted amount of $112,375 proposed in the Fiscal Year 2026-27 General Fund operating budget.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution No. 2026-088 as presented.
2. I move to approve Resolution No. 2026-088, with modifications.
3. I move to table the issue for further study or take no action.
ATTACHMENT(S):
1. Resolution No. 2026-088
2. Forvis Mazars, LLP Audit Contract
3. Compensation Section - RFP 26-23