FINANCIAL_SERVICESRECOMMENDED

Town of Caledon Audit Committee Meeting Agenda Packet 2026-06-16

Caledon Poised To Award Five-Year Audit To KPMG

$109,500 for fiscal 2026, with an average yearly increase of 3.24%; annual schedule 2026–2030 totaling $109,500, $113,150, $116,800, $120,450, $124,100Town of CaledonKPMG LLPJune 16, 2026

Trusted by teams at

Description

The Town of Caledon is recommended to appoint KPMG LLP as its external auditor for fiscal years 2026 through 2030, covering the Town and related entities for $109,500 in 2026 with modest annual increases. The agreement would run five years with the Treasurer authorized to extend it for up to two additional one-year terms, reflecting KPMG’s municipal expertise and comprehensive audit services.

Contract Details

Contract Amount

$109,500 for fiscal 2026, with an average yearly increase of 3.24%; annual schedule 2026–2030 totaling $109,500, $113,150, $116,800, $120,450, $124,100

Vendor

KPMG LLP

Agency

Town of Caledon, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

June 16, 2026

Contract Term

Fiscal years 2026 to 2030 (5-year initial term), with option to extend for two separate one-year periods

Renewal Info

Initial five-year engagement for fiscal years 2026–2030, with authority for the Treasurer to extend the agreement for two separate one-year renewal periods, potentially covering audits through fiscal 2032. Fees escalate annually per the proposal, with an average yearly increase of 3.24%.