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File #: R-26-006    Version: 1 Name:
Type: Resolution Status: Passed
File created: 1/2/2026 In control: Mayor and Council of Princeton
On agenda: 1/7/2026 Final action: 1/7/2026
Title: 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
Attachments: 1. Princeton 2026 Audit Engagement Letter, 2. Agreement and Exhibits
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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 thr...

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