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File #: 15-089    Version: 1 Name:
Type: Resolution Status: Passed
File created: 3/27/2015 In control: City Council
On agenda: 4/13/2015 Final action: 4/13/2015
Title: Adopt Joint City Council/Improvement District/Redevelopment Successor Agency Resolution Approving a Professional Services Agreement with JJACPA, Inc. for Auditing Services and Authorizing City/District Manager/Executive Director to Execute Same (Amount Not to Exceed $41,600 in FY 2014/15, $41,050 in FY 2015/16, and $41,800 in FY 2016/17 ($124,450 Total); Split Among the Agencies)
Attachments: 1. RESO Audit, 2. JJACPA Auditing PSA
Title
Adopt Joint City Council/Improvement District/Redevelopment Successor Agency Resolution Approving a Professional Services Agreement with JJACPA, Inc. for Auditing Services and Authorizing City/District Manager/Executive Director to Execute Same (Amount Not to Exceed $41,600 in FY 2014/15, $41,050 in FY 2015/16, and $41,800 in FY 2016/17 ($124,450 Total); Split Among the Agencies)
 
Summary
The City, Municipal Improvement District, and Redevelopment Agency prepare, maintain and file various financial reports including year-end financial statements, all of which are audited by independent certified public accountants.  The City's contract with Moss, Levy, Hartzheim, LLP for audit services rendered over the past five years has expired.  Good financial management practices call for periodic rotation of audit firms to ensure fresh viewpoints.  Staff issued a Request for Proposals and six proposals were received and evaluated.  Based on the proposal evaluations, staff recommends selection of JJACPA, Inc. to provide audit services for the next three fiscal years.   Based on the company's previous experience as noted in their proposal and discussion with references, JJACPA, Inc. is qualified, has a clear license status with the California Board of Accountancy, and has no disciplinary actions or license restrictions.  The cost of the audit will be funded from the General Fund, Redevelopment Successor Agency Fund, and the Water and Wastewater enterprise funds as shown in respective budgets.