PROFESSIONAL_SERVICESRENEWED

City of Freeport Agenda Packet 2026-05-26

Freeport Renews Multi‑Year Financial Services with Abdo

$106,000 (2027); $111,000 (2028); $117,000 (2029); plus 2026 remainder at current rate and $22,500/year audit prep included in annual feeCity of FreeportABDOMay 26, 2026

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Description

The City of Freeport is renewing its outsourcing of accounting and financial advisory services with Abdo Financial Solutions from July 1, 2026 through December 31, 2029. The renewed agreement totals $106,000 in 2027, $111,000 in 2028, and $117,000 in 2029, including audit preparation and comprehensive financial management support.

Contract Details

Contract Amount

$106,000 (2027); $111,000 (2028); $117,000 (2029); plus 2026 remainder at current rate and $22,500/year audit prep included in annual fee

Vendor

ABDO

Agency

City of Freeport, MN

Contract Type

PROFESSIONAL_SERVICES

Document Date

May 26, 2026

Contract Term

July 1, 2026 – December 31, 2029 (annual calendar-year contracts from 2027–2029)

Renewal Date

2029-12-31

Renewal Info

New multi-year professional services agreement running July 1, 2026 through December 31, 2029, converting the contract to a calendar-year term starting in 2027. Includes annual audit preparation, quarterly and monthly reporting, and allows termination by the City with 60 days’ notice or by the contractor under specified nonpayment or convenience conditions.