Label
2025 Annual Audit: Clark Schaefer Hackett
Department of Finance
Thomas Buckley (x1602)
Revised
Title
Authorizing the Mayor to enter into an extension of the contract with Clark, Schaefer, Hackett & Co. for the 2025-2029 annual audits for the City’s accounting and financial records; authorizing the annual expenditure of an amount not to exceed $198,800 from the General Fund; and declaring an emergency.
Body
SUMMARY & BACKGROUND
The City of Toledo is required to have annual audits conducted on their accounting and financial records by the Auditor of State. Section 117.11 of the Ohio Revised Code directs the, Auditor of State to provide immediate written notice to any public office where the Auditor of State will be unable to conduct the audit once every two years as required by law. The Auditor of State notified the City of Toledo that the audits for fiscal years 2025-2029 would again be out for bid, or allow for an extension of the City’s current independent audit firm, Clark, Schaefer, Hackett & Co. (CSH).
The City has decided to extend the current contract with CSH for an additional five years. In 2020, CSH was the firm selected through the Auditor of State’s bidding process to provide audit services for fiscal years 2020-2024 in order to satisfy the applicable statutory and audit requirements.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to extend the contract with Clark Schaefer Hackett for a period of five (5) years for the purpose of the annual audit of the City’s accounting and financial records.
SECTION 2. That, subject to available appropriations in future years, an amount not to exceed $198,800 annually is authorized for expenditure from the General Fund, Account Code 1001-14600-1134001STDSTD, in payment of the 2025-2029 audits of the City’s accounting and financial records.
SECTION 3. That the Director of Finance is authorized to draw her warrant or warrants against the above referenced Account Code in payment of the above authorized obligations in amounts not to exceed $198,800 annually upon presentation of the proper voucher or vouchers.
SECTION 4. That this Ordinance is declared to be an emergency measure and shall be in force and effect from and after its passage. The reason for the emergency lies in the fact that the same is necessary for the immediate preservation of the public peace, health, safety and property and for the further reason that the Ordinance must be immediately effective to facilitate the audit of the City’s accounting and financial records.
Vote on emergency clause: yeas _____, nays _____.
Passed: _________________, as an emergency measure: yeas _____, nays _____.
Attest: ________________________ __________________________________
Clerk of Council President of Council
Approved: _____________________ __________________________________
Mayor
I hereby certify that the above is a true and correct copy of an Ordinance passed by
Council ________________________.
Attest: ________________________
Clerk of Council