PROFESSIONAL_SERVICESPENDING

City of Freeport Agenda Packet 2026-05-26

Multi‑Year Finance Services Proposal from Abdo

$106,000 (2027), $111,000 (2028), $117,000 (2029); plus 2026 balance at current rate and annual audit prep fee of $22,500 with inflation adjustmentCity of FreeportABDOMay 26, 2026

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Description

Abdo Financial Solutions has proposed a multi‑year agreement to serve as Freeport’s outsourced accounting and finance director, covering July 1, 2026 through December 31, 2029. The contract includes annual fees of $106,000 for 2027, $111,000 for 2028, and $117,000 for 2029, plus audit preparation and 2026 services at the current rate.

Contract Details

Contract Amount

$106,000 (2027), $111,000 (2028), $117,000 (2029); plus 2026 balance at current rate and annual audit prep fee of $22,500 with inflation adjustment

Vendor

ABDO

Agency

City of Freeport, MN

Contract Type

PROFESSIONAL_SERVICES

Document Date

May 26, 2026

Contract Term

July 1, 2026 – December 31, 2029

Renewal Date

2029-12-31

Renewal Info

Initial term July 1, 2026–December 31, 2029; additional services may be added by written approval; subject to annual inflationary adjustment on audit preparation fees; client may terminate with 60 days’ notice, contractor with specified notice periods.