Description
The City of Austin is seeking a qualified independent auditor to conduct an audit of the City's Street Impact Fee Program, as required by Texas Local Government Code, Section 395.059. The auditor will review the program's financial records, including impact fee collections, expenditures, and accounting, to ensure compliance with statutory requirements. The audit will also examine the program's administration, including fee collection, allocation, interest accrual, waivers, refunds, and related regulatory requirements. The selected auditor will be required to provide a draft findings report and a final report, and to present their findings to city staff and other stakeholders. The City is looking for an auditor with experience in conducting financial and compliance audits for public-sector or municipal clients, particularly those involving impact fee programs. The auditor should have knowledge of impact fee administration and be able to clearly and effectively present their findings in English. Some key points to consider are:
• The audit will cover the period from June 2022 to September 2025.
• The auditor will be required to participate in a standing bi-weekly meeting with city staff to discuss the audit's progress.
• The auditor will be required to prepare a draft findings report and a final report, and to present their findings to city staff and other stakeholders.
• The City is looking for an auditor with experience in conducting financial and compliance audits for public-sector or municipal clients.
• The auditor should have knowledge of impact fee administration and be able to clearly and effectively present their findings in English.