HomeMy WebLinkAboutCC AG PKT 2005-04-11 #N Ci
AGENDA REPORT 5 ���
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DATE: April 11, 2005
TO: Honorable Mayor and Council Members
THRU: John B. Bahorski, City Manager
FROM: Pamela Arends -King, Director of Administrative Services /Treasurer
SUBJECT: Agreement for Annual Auditing Services
SUMMARY OF REQUEST:
Staff requests City Council approve the agreement for annual auditing services between
Moreland & Associates, Inc., certified public accountants, and the City of Seal Beach for
three consecutive years, beginning with the fiscal year ending June 30, 2005 with an
option to extend for two additional years and authorize the City Manager to execute the
agreement.
BACKGROUND:
For the past six fiscal years the City has contracted with Lance Soll & Lunghard LLP,
certified public accountants for annual auditing services. With expiration of their
agreement with the City, staff sent requests for proposal (RFP) for auditing services to
several public accounting firms that specialize in providing governmental accounting and
auditing services.
After reviewing the proposals for auditing services submitted to the City, staff selected
Moreland & Associates, Inc., certified public accountants to perform the annual auditing
services beginning with the fiscal year ending June 30, 2005. Moreland & Associates,
Inc., is a highly respected firm within the field of government accounting and auditing.
Attached is a copy of the proposal for audit services dated February 28, 2005 the firm
submitted to the City that describes the firms excellent qualifications.
FISCAL IMPACT:
Moreland & Associates, Inc.'s fees for the services provided outlined in the attached RFP
the City sent to the accounting firms is $35,000 for fiscal year 2004/2005, $36,400 for
fiscal year 2005/2006 and $37,900 for fiscal year 2007. There is no immediate impact
the General Fund as the fees budgeted for fiscal year 2005/06 were $35,000.
Agenda Item 1\)
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RECOMMENDATION:
Staff recommends Council approve the agreement for annual auditing services between
Moreland & Associates, Inc., certified public accountants, and the City of Seal Beach for
three consecutive years, beginning with the fiscal year ending June 30, 2005 with an
option to extend for two additional years and authorize the City Manager to execute the
agreement.
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Pamela Arends -King
Director of Administrative Services /Treasurer
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Jo , 1.. Bahorski
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ATTACHMENTS:
Resolution approving an agreement between Seal Beach and Moreland & Associates, Inc.
Agreement for Auditing Services.
Moreland & Associates, Inc. Proposal for Audit Services.
City of Seal Beach Auditing Services — Request For Proposal.