Banking & Finance and Government

Kent County reviews Rehmann auditing contract

November 19, 2012
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Kent County Finance Committee members have tabled their vote on the renewal of a five-year agreement with Rehmann for financial auditing services.

Rehmann, which has its headquarters in Saginaw and nine offices across the state, won the county contract over BDO Seidman in 2008 with a bid of $710,000 for the five years or $240,000 less than BDO’s bid.

Under the new agreement, Rehmann would receive $775,800 for the five years. The company would keep next year’s price at this year’s level and then increase its rate by 2 percent for each of the following four years.

The contract would run from 2013 through 2017. “Frankly, it’s hard to get auditors to do a three-year deal, let alone a five-year deal,” said Commissioner Jim Saalfeld.

Commissioner Roger Morgan asked for the vote to be delayed, because he wants to compare the new agreement to the contract commissioners approved five years ago. The committee will take up the agreement again Nov. 20.

The contract with Rehmann expires at the end of this year.

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