HomeMy WebLinkAbout042126-06.8TO: Mayor and Town Council April 21, 2026
SUBJECT: Resolution No 29-2026, authorizing the Town Manager to approve a
contract with the Pun Group for auditing services for FY 2025/26
BACKGROUND
Town staff is currently in the process of scheduling the audit and Annual Comprehensive
Financial Report (ACFR) for FY 25/26. This will involve working with the Town’s
independent auditors, the Pun Group, to complete the audits and prepare the ACFR.
Funding to complete the ACFR was appropriated as part of the 2025/26 Operating Budget.
The total contract amount necessitates Town Council authorization in order to execute a
contract extension with the Pun Group for FY 25/26.
DISCUSSION
On November 18, 2025, the Town Council Finance Committee approved extending the
contract for auditing services with the Pun Group for FY 25/26. Auditing costs for FY
24/25 were $49,900. For FY 25/26, auditing costs for the Pun Group are estimated to total
$55,000 including necessary Single Audit services. For FY 25/26, Single Audit services
will be required, as Capital Improvement Projects that involve federal grant funding are
ongoing.
It is recommended that the Town Council authorize approval of a contract for audit
services with the Pun Group for FY 25/26, in an amount not to exceed $55,000. This cost
is included in the Finance Division operating budget for 2025/26.
PUBLIC CONTACT
Posting of the meeting agenda serves as notice to the general public.
FISCAL IMPACT
Sufficient funds are budgeted and appropriated for this purpose in the Town’s 2025/26
Operating Budget.
ADMINISTRATIVE STAFF REPORT 6.8
RECOMMENDATION
Adopt Resolution No 29-2026, authorizing the Town Manager to approve a contract
with the Pun Group for auditing services for FY 2025/26.
Prepared by:
Lani Ha
Finance Manager/Treasurer
Approved by:
Tai J. Williams
Town Manager
Attachments: A – Resolution No. 29–2026
B – November 18, 2025 Memo to Finance Committee
The Pun Group Contract 2 April 21, 2026
RESOLUTION NO. 29-2026
AUTHORIZING THE TOWN MANAGER TO APPROVE A CONTRACT WITH
THE PUN GROUP FOR AUDITING SERVICES FOR FY 2025/26
WHEREAS, the Town of Danville prepares an Annual Comprehensive Financial Report;
and
WHEREAS, the Pun Group has provided high quality auditing services for the Town
since FY 2012/13; and
WHEREAS, sufficient funds have been appropriated in the Town’s 2025/26 Operating
Budget; now, therefore, be it
RESOLVED, by the Danville Town Council that the Town Manager is hereby authorized
to execute, on behalf of the Town, a contract with the Pun Group not to exceed $55,000.
APPROVED, by the Danville Town Council at a regular meeting on April 21, 2026, by the
following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
MAYOR
APPROVED AS TO FORM: ATTEST:
CITY ATTORNEY CITY CLERK
Docusign Envelope ID: 6F49F5B4-D2AC-42D3-9FF2-78988F5C3D08
ATTACHMENT A
TO:Mayor and Town Council November 18, 2025
SUBJECT: Consider authorizing a Contract Extension with the Pun Group for
auditing services for FY 2025/26 and 2026/27
BACKGROUND
The Town staff is currently in the process of scheduling for final audit for FY 24/25 and
is planning to work with the Town’s independent auditors, the Pun Group, to complete
the audits and prepare the Annual Comprehensive Financial Report (ACFR) for FY
2024/25. Funding to complete the ACFR was appropriated as part of the 2024/25
Operating Budget. Finance Committee authorization is necessary in order to execute a
contract extension with the Pun Group for FY 2025/26 and 2026/27.
DISCUSSION
The Town has been contracting with the Pun Group for audit services since FY 2012/13.
The State Controller’s Office has established guidelines for how local government
agencies must perform their annual audits. While there are no requirements that dictate
the frequency with which local agencies must change or rotate independent auditing
firms, the State Controller requires that the engagement (managing) partner in charge of
the audit must be rotated a minimum of every six years, for a minimum of at least one
year.
Prior to engaging the Pun Group in 2012/13, the Town used a total of four different firms
(Caporicci and Larsen, Markum, Maze and Associates and Parodi and Cropper).
For FY 2024/25, auditing costs for the Pun Group are estimated to total $49,900.00
including Single Audit services. For FY 2025/26 Single Audit services will be required,
as Capital Improvement Projects (ARPA) that involve federal grant, is ongoing.
It is recommended that the Finance Committee authorize the approval of contracts not to
exceed $49,900 per fiscal year with the Pun Group for audit services for FY 2025/2026 and
FY 2026/27. This expense amount is consistent with the budgeted amount shown in the
yearly budget.
FINANCE COMMITTEE MEMORANDUM 3.2
ATTACHMENT B
Prepared by:
Lani Ha
Finance Manager/Treasurer
Approved by:
Tai J. Williams
Town Manager
Finance Committee 2 November 18, 2025