11) ƵĚŝƚZĞƋƵŝƌĞŵĞŶƚƐ͘ Pursuant to Minn. Stat. Α ϭϲ͘Ϭϱ͕ƐƵďĚŝǀŝƐŝŽŶϱ͕ƚŚĞŬƐ͕ƌĞĐŽƌĚƐ͕

City Council Meeting · 2026-05-12 · agenda_item

This agenda item concerns audit requirements for agreements. It states that books, records, documents, and accounting procedures related to an agreement are subject to examination for a minimum of six years from the agreement's end. The supplier must fully cooperate with Sourcewell in auditing transactions under the agreement. This cooperation is to ensure compliance with pricing terms, correct calculation and remittance of administrative fees, and verification of transactions as requested by a participating entity or Sourcewell. This item is currently under review. The scope of work involves providing access to records and cooperating with audits. This opportunity is early in the process, and businesses that provide services related to record-keeping, auditing, or compliance could find opportunities. Reaching out now may provide an advantage before specific audit plans or requirements are finalized.

minimum audit period

six years