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Resolution of the Mayor and Council of the Municipality of Princeton Authorizing the Award of a Professional Services Agreement to PKF O’Connor Davies for the Purposes of Preparing an Audit and Related Financial Services on Behalf of the Municipality of Princeton for an Amount Not to Exceed $68,000.00
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WHEREAS, the Municipality of Princeton (“Princeton”) desires to retain the services of a certified public accountant for the purposes of auditing the financial statements of the various funds of the Municipality as of and for the year ended December 31, 2026; and
WHEREAS, it has been determined that the value of the contract will exceed $44,000; and
WHEREAS, PKF O’Connor Davies (“PKF”) provided a proposal for these services for an amount not to exceed $68,000; and
WHEREAS, pursuant to N.J.S.A. 40A:11-5(1)(a)(i) of the Local Public Contracts Law, Princeton may award a contract for professional services without public advertising for bids; and
WHEREAS, this contract is not being awarded as a “fair and open” contract as defined in N.J.S.A. 19:44A-20.7; and
WHEREAS, pursuant to N.J.S.A. 19:44A-20.5., Princeton may award a non-fair and open contract to a business entity if, during the preceding one-year period, that business entity has not made a contribution that is reportable by the recipient under P.L. 1973, c.83, N.J.S.A. 19:44A-1 et seq. to any municipal committee of a political party in that municipality if a member of that political party is serving in an elective public office of that municipality when the contract is awarded or to any candidate committee of any person serving in an elective public office of that municipality when the contract is awarded; and
WHEREAS, PKF has completed and submitted the required pay-to-play forms which certify that PKF has not made any reportable contributions to a candidate committee in Princeton in the previous year, and that the contract will prohibit PKF from making any reportable contributions through the term of the contract; and
WHEREAS, the Certified Financial Officer has certified that Princeton has appropriated sufficient funds for these services in account 01-201-20-135-281; and
WHEREAS, the term of this contract shall be for twelve months.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Municipality of Princeton, County of Mercer, State of New Jersey, as follows:
1. The Mayor and Council, or their designee, are hereby authorized and directed to enter into an agreement with PKF O’Connor Davies for the preparation of an audit and related financial services on behalf of the Municipality of Princeton for an amount not to exceed $68,000 without competitive bidding as a Professional Service in accordance with N.J.S.A. 40A:11-5(1)(a)(i).
2. The Term of this contract shall be for twelve months.
3. A copy of this Resolution, Pay-to-Play Forms, and contract will be kept on file in the Office of the Clerk.
4. Notice of this action shall be published in the official newspaper as required by law.