In 2017, the city completed a request for proposal for audit firms to complete the annual audit for a three year period with a two year addendum to be considered beyond the three year contract.  The engagement letter being proposed would cover an additional two year period.  Following the two year period, it is expected that a formal request for proposal for audit services would be completed that includes both the City of Shakopee and the Shakopee Public Utilities (SPU).  SPU currently has two years left on their audit agreement.  Staff believes this will create efficiencies and reduce audit costs for both organizations.