Title
Adopt Joint City Council/Improvement District/Redevelopment Successor Agency Resolution Approving First Amendment to the Professional Services Agreement with JJACPA, Inc. for Financial Auditing Services and Authorizing City Manager to Execute Same (Amount Not to Exceed $41,750 in FY 2017/18, Split Among the Agencies)
Summary
Since 2015, JJACPA, Inc. has provided financial auditing services for the City of Fort Bragg. The Professional Services Agreement of April 13, 2015 between the City and JJACPA will terminate on March 31, 2018. The parties desire to extend the agreement to include financial auditing services for Fiscal Year 2017/18. The Government Finance Officers Association recommends using the same financial auditing services for a five year period. This requested extension will provide for the fourth audit JJACPA, Inc. conducts for the City. The incoming City Manager, working in collaboration with the City Treasurer, will assess JJACPA's services beyond the FY 2017/18 upon completion of the upcoming audit.
JJACPA, Inc. has agreed to provide these services at a cost of $41,750 which is a $50 increase from the previous year. The First Amendment to the Professional Services Agreement with JJACPA needs to be approved by the City Council, Municipal Improvement District Board, and Redevelopment Successor Agency. Staff recommends the following amendments to the contract:
(1) Term. The Agreement term will expire on March 31, 2019 instead of March 31, 2018.
(2) Payment and Not to Exceed Amount. This paragraph will be amended to include $41,750 for FY 2017/18, bringing the total amount of the contract for the four fiscal years to $166,200. The funds to cover the $41,750 for this contract will be included in the FY 2018/19 budget.
(3) Time of Completion. The time of completion is extended to March 31, 2019.
Staff recommends that all other terms of the Agreement remain as originally approved.