HomeMy WebLinkAbout2002-05-14 - AGENDA REPORTS - AUDIT SERVICE AND GASB 34 CONT (2)CITY OF SANTA CLARITA
AGENDA REPORT
CONSENT CALENDAR
DATE: May 14, 2002
City Manager Appro
Item to be presented by: Steve Star
SUBJECT: AWARD OF CONTRACT FOR AUDIT SERVICES AND GASB 34
IMPLEMENTATION
DEPARTMENT: Administrative Services
RECOMMENDED ACTION
1) City Council award contract to Diehl Evans & Company, LLP for an amount not to
exceed $140,475 over three years with option to extend for 2 additional years. Year one
funds have been requested in the proposed FY 2002-03 budget in account no. 2230-8001.
2) Authorize the City Manager or designee to execute all documents, subject to City
Attorney approval.
BACKGROUND
The City of Santa Clarita is required to have an annual audit of our financial transactions
to ensure that they fairly present the finances of the City. The City contracts with an
independent audit firm to conduct this annual audit and to prepare the Comprehensive
Annual Financial Report.
The contract with the current audit firm was awarded in 1997 for three years, with an
option to extend for two additional years. This contract is now expiring. Staff has
completed a request for proposal process soliciting proposals from audit firms in the area.
A total of eight firms responded. The proposals were evaluated, and the top three firms
were then interviewed.
As a result of this process, staff recommends Diehl Evans & Company, LLP as the most
qualified firm to provide audit services and GASB 34 implementation for the City.
ALTERNATIVE ACTION
Other direction as determined by City Council.
a�Agenda Item :/
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AWARD OF CONTRACT
May 14, 2002 — Page 2
FISCAL IMPACT
The project cost for year one is $49,100. Funding for the project is included in the proposed
2002/2003 budget in account no. 2230-8001. The total contracted amount is not to exceed
$140,475.
ATTACHMENTS
None.
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