The City of Livermore is seeking a certified public accounting firm to conduct an independent audit of its financial statements for three fiscal years. The contract has the option of auditing its financial statements for each of the two subsequent fiscal years if agreed upon by both parties. The audit services will include reviewing the city's financial statements and providing an opinion on their fairness and accuracy. The contract was awarded to Maze & Associates, with a total cost of $116,888 for the first year, $120,395 for the second year, and $124,010 for the third year.
• The contract is for a period of three years, with the option to extend for two additional years.
• The audit services will be performed by Maze & Associates.
• The total cost of the contract is $361,293.
• The contract includes the review of the city's financial statements and the provision of an opinion on their fairness and accuracy.