Res 2017-087/Audit Services Contract

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PROFESSIONAL AUDITING SERVICES AGREEMENT Contract Number: 217-391 This Agreement is effective this the 20t" day of June, 2017, between the City of San Marcos, Texas ("City"), 630 East Hopkins, San Marcos, Texas 78666 and ABIP, P.C. (the "Auditor"), 4801 Northwest Loop 410, Suite 725, San Antonio, Texas 76710 for the provision of professional audit services beginning with fiscal year ending September 30, 2017 (the "Services"). The City and the Auditor agree as follows: ARTICLE 1 STANDARDS OF PERFORMANCE 1.0.1 The Auditor is responsible for the performance of an independent annual audit of all City funds. The Auditor will perform all audit examinations in accordance with generally accepted auditing standards promulgated by the American Institute of Certified Public Accountants ("AICPA") , Government Auditing Standards Board ("GASB"), the provisions of the federal Single Audit Act of 1996 (as amended), the U.S. Office of Management and Budget ("OMB") Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations, the State of Texas Single Audit Circular in accordance with Uniform Grants Management Standards of the State of Texas, the standards set forth in the Government Finance Officers Association (GFOA) Government Accounting, Auditing and Financial Reporting for the GFOA's Certificate of Achievement for Excellence in Financial Reporting, and the State of Texas Public Investment Fund Act. 1.0.2 The Auditor's Basic Services consist of the services described in Sections 2.0.1 through 2.0.19. 1.0.3 The performance of all services by the Auditor in connection with this Agreement will be by persons appropriately registered and licensed to practice under State, local and Federal laws. In performing all services under this Agreement, the Auditor will use that degree of care and skill normally exercised by certified public accountants that possess special expertise in the types of services included in this Agreement. The Auditor certifies that it is a firm of certified public accountants who have no financial interest, direct or indirect, in the City or any personal or financial relationship with City Council or any employee or officer of the City. Furthermore, the Auditor certifies that it is independent of the City as defined by the AICPA Generally Accepted Auditing Standards, and Government Auditing Standards issued by the Comptroller General of the United States. 1.0.4 The Auditor will not subcontract any work, under this Agreement without prior written approval from the City. The Auditor will specify any work or services subcontracted under this Agreement by separate written Agreements and those Agreements will be subject to each provision of this Agreement. Auditing Services agreement 2017