Board of Estimate & Contract:
RESOLVED, that an Ordinance adopted by the City Council on January 14, 2026, and signed by the Mayor on January 15, 2026, authorizing the Comptroller to Extend the Agreement with PFK O'Connor Davies, LLP for Independent Auditing Services for Fiscal Years 2021 and 2022 - (the proposed cost for the completion of the Fiscal Year 2021 audit is $110,000, and the proposed cost for the completion of the Fiscal Year 2022 audit is $115,000 and payment for the services authorized herein shall be made from the appropriate budgeted accounts for professional audit services, as certified by the Comptroller); be, and the same is hereby approved.
City Council:
AN ORDINANCE AUTHORIZING THE COMPTROLLER
TO EXTEND THE AGREEMENT WITH PFK O’CONNOR
DAVIES, LLP FOR INDEPENDENT AUDITING
SERVICES FOR FISCAL YEARS 2021 AND 2022
Whereas, in correspondence dated January 14, 2026, the Comptroller formally requested authorization to extend the City’s agreement with PFK O’Connor Davies, LLP to provide independent auditing services for Fiscal Years 2021 and 2022, in substantially the form presented to the City Council; and
Whereas, the City of Mount Vernon is required by law and sound fiscal practice to obtain annual independent audits of its financial statements; and
Whereas, PFK O’Connor Davies, LLP has served as the City of Mount Vernon’s independent auditor for several years and possesses significant institutional knowledge of the City’s financial operations; and
Whereas, under normal circumstances, the City would issue a Request for Proposals (RFP) for independent auditing services every five (5) years; and
Whereas, the City is currently experiencing fiscal challenges and is working to regain timeliness and compliance with required annual financial reporting; and
Whereas, transitioning to a new auditing firm at this time could result in additional delays, increased costs, and loss of institutional continuity during a critical period of fiscal recovery; and
Whereas, maintaining continuity with the current independent auditor will promote efficiency, cost control, and timely completion of outstanding audits; and
Whereas, the Comptroller has recommended that the City extend its agreement with PFK O’Connor Davies, LLP to complete the independent audits for Fiscal Years 2021 and 2022; and
Whereas, the proposed cost for the completion of the Fiscal Year 2021 audit is One Hundred Ten Thousand Dollars ($110,000), and the proposed cost for the completion of the Fiscal Year 2022 audit is One Hundred Fifteen Thousand Dollars ($115,000); and
Whereas, sufficient funds for these services are available within the appropriate budgeted accounts for professional auditing services;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF MOUNT VERNON:
Section 1. Authorization. The Comptroller of the City of Mount Vernon is hereby authorized to extend the City’s agreement with PFK O’Connor Davies, LLP to provide independent auditing services for Fiscal Years 2021 and 2022, in substantially the form presented to the City Council.
Section 2. Compensation. The total compensation authorized under this Ordinance shall not exceed One Hundred Ten Thousand Dollars ($110,000) for Fiscal Year 2021 and One Hundred Fifteen Thousand Dollars ($115,000) for Fiscal Year 2022, subject to the availability of appropriated funds.
Section 3. Funding. Payment for the services authorized herein shall be made from the appropriate budgeted accounts for professional audit services, as certified by the Comptroller.
Section 4. Compliance with Law. The extension authorized by this Ordinance shall be subject to all applicable federal, state, and local laws, rules, and regulations.
Section 5. Severability. If any section, subsection, sentence, clause, or provision of this Ordinance shall be adjudged invalid or unconstitutional, such determination shall not affect the validity of the remaining portions thereof.
Section 6. Effective Date. This Ordinance shall take effect immediately upon adoption by the City Council and subsequent approval by the Board of Estimate & Contract.