City Council
259 N. Wilma Avenue
Ripon, CA 95366
MEMO
To: Honorable City Council
From: Lisa Roos, City Clerk & Finance Director
Date: 05/10/2022
Subject: Audit Engagement Letters
RECOMMENDED ACTION:
Approve and authorize the Mayor and City Administrator to sign the engagement letters with Price Paige & Company to perform the annual audits of the City of Ripon Financial Statements and the Money Purchase Thrift Pension Plan for the year ending June 30, 2022 in the amount of $57,386.00.
BACKGROUND:
Price Paige & Company of Clovis, CA, has been performing the annual audits of the City of Ripon Financial Statements and the Money Purchase Thrift Pension Plan since fiscal year ended June 30, 2015. Staff would like to maintain their auditing services for the fiscal year ending June 30, 2022. The attached engagement letters are for the audits of the City Financial Statement, including filing of required State Controller Reports, and the Money Purchase Thrift Pension Plan. Proposed costs for fiscal year ending June 30, 2022 compared to fiscal year ending June 30, 2021 are in Table 1 below. There is no proposed increase for FYE 6/30/2022, however, there was 4% increase in the prior year.
Table 1:
FYE 6/30/2022 FYE 6/30/2021 Percent Increase
Annual Financial Statement Audit $35,308 $35,308
Single Audit Report $5,460 $5,460
State Controller’s Report - City $4,160 $4,160
State Controller’s Report – Transit $764 $764
State Controller’s Report – Sewer $764 $764
State Controller’s Report – Streets $2,142 $2,142
Total $48,598 $48,598
Money Purchase Thrift Pension Plan Audit $8,788 $8,788
GRAND TOTAL $57,386 $57,386 0%
Attachments:
1. RIPON Audit Engagement Letter SA 2022
2. RIPON Pension Audit Engagement Letter 2022