Broken Arrow City Council
Meeting of: 10/07/2025
Title:
title
Approval of and authorization to execute the engagement letter with Arledge & Associates to prepare and audit the FY 25 financial statements for year ending June 2025
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Background:
Last year the city transitioned to Arledge & Associates to prepare and audit our FY 24 financial statement due to the change in staffing with Crawford & Associates. Arledge & Associates had staffing issues during this past year and were late in preparing our statements. Jake Winkler, who is a partner with Arledge & Associates realized the audit had not been finished and worked diligently to get it completed. Staff has had multiple conversations with Mr. Winkler and he has promised he would complete the Audit no later than February 28, 2026. Both parties have agreed that if they do not make the deadline then we will part ways, and staff will solicit new auditors. Arledge & Associates have been with the city since 2011, and staff feel that they should have this last opportunity. Fees will remain the same as FY 24.
Fee Schedule
Prepare the Comprehensive Financial Statements- this will be billed at an hourly rate not to exceed $60,000.
Audit the financial statements according to the accounting standards and presented fairly, in all material respects in conformity with GAAP. $70,500
Single audit- (grants) $7,000
Cost: $137,500
Funding Source: Budgeted in General Fund and Broken Arrow Municipal Authority
Requested By: Cynthia S. Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Arledge & Associates 2025 Engagement Letter
Recommendation:
recommend
Approval of and authorization to execute the engagement letter with Arledge & Associates to prepare and audit the FY 25 financial statements ending June 2025
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