PROFESSIONAL AUDITING SERVICES

The City of Palm Bay is seeking professional auditing services to express an opinion on the fair presentation of its basic financial statements in conformity with generally accepted accounting principles. The audit firm will be required to audit the basic financial statements, including government-wide statements and combined statements for all fund types, and provide an "in-relation-to" report on the supporting schedules and required supplementary information. The contract was awarded through a competitive bidding process, with Moore Stephens Lovelace ranked first, followed by James Moore & Company, Cherry, Bekaert & Holland, Marcum Rachlin, Harris, Cotherman, Jones, Price, Berman Hopkins Wright & LaHam, and Averett Warmus Durkee. • The audit firm will be required to provide an "in-relation-to" report on the schedule of federal and state financial assistance based on the auditing procedures applied during the audit of the financial statements. • The audit firm will not be required to audit the statistical section of the report, but should review it. • The contract was awarded through a competitive bidding process, with a total of 7 vendors participating. • The contract does not provide information on the start and end dates, duration, or renewal options.