City of Freeport Agenda Packet 2026-05-26
Freeport Considers Multi-Year Abdo Finance Services Renewal
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Description
Abdo Financial Solutions has proposed a multi-year contract to continue providing outsourced accounting and finance director services to the City of Freeport from July 1, 2026 through December 31, 2029. The agreement outlines annual fees ranging from $106,000 to $117,000 plus dedicated audit preparation charges.
Contract Details
Contract Amount
$106,000 in 2027; $111,000 in 2028; $117,000 in 2029; plus 2026 remainder at current rate; includes audit preparation valued at $22,500 annually
Vendor
ABDO FINANCIAL SOLUTIONS LLC
Agency
City of Freeport, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
July 1, 2026 – December 31, 2029
Renewal Date
2029-12-31
Renewal Info
New professional services agreement runs from 2026-07-01 to 2029-12-31 with specified annual fees; audit preparation component subject to annual inflationary adjustment. It renews the city’s prior outsourced finance arrangement with Abdo.
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