TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Trang Nguyen, Finance Director
1. SUBJECT
title
Second Amendment to Agreement with LSL, LLP for annual financial audit and reporting services and a one-year term extension.
body
2. SUMMARY
The original agreement with LSL, LLP for financial audit services was for three years, with two optional one-year extensions. Staff is recommending the Second Amendment to the existing agreement to execute the second one-year extension; and for the addition of financial reporting services, which include the preparation and submission of the Annual Comprehensive Financial Report (ACFR) and the State Controller's Report.
3. RECOMMENDED ACTION
recommendation
Approve the second amendment to agreement with LSL, LLP to initiate a second extension year and the additional of services for the preparation and submission of the Annual Comprehensive Financial Report (ACFR) and the State Controller's Report and authorize the Mayor and the City Clerk to execute on behalf of the City.
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4. FISCAL IMPACT
The expense for this amendment is $72,880 and will be funded through the General Fund (100), Sanitation and Sewer Fund (220), Air Pollution and Reduction Fund (245), CDBG Fund (310), HOME Fund (317), Asset Seizure Fund (355), Water Utility Operations Fund (600), Low and Moderate Income Housing Fund (921), and Successor Agency (940) respectively:
100.1231.51630.00000 Accounting and Auditing Services $49,410
220.5022.51630.00000 Accounting and Auditing Services $3,677
245.1231.51630.00000 Accounting and Auditing Services $1,288
310.9640.51630.11110 Accounting and Auditing Services $3,015
317.9660.51630.11110 Accounting and Auditing Services $1,206
355.4011.51630.00000 Accounting and Auditing Services $1,809
600.1222.51630.00000 Accounting and Auditing Services $8,273
921.9810.51630.00000 Accounting and Auditing Services $1,905
940.9810.51630.00000 Accounting and Auditing Services $2,...
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