DATE: October 13, 2016
SUBJECT:
Title
RESOLUTION EXERCISING A ONE-YEAR OPTION TO EXTEND THE AGREEMENT WITH MACIAS GINI & O'CONNELL, LLP FOR PROFESSIONAL EXTERNAL AUDITING SERVICES FROM MAY 1, 2017 THROUGH APRIL 30, 2018 FOR A ONE-YEAR AMOUNT NOT TO EXCEED $105,475 INCREASING THE MAXIMUM NOT-TO-EXCEED AMOUNT FROM $411,739 TO $517,214 AND AUTHORIZING THE PORT AUDITOR TO ENTER INTO AMENDMENT NO. 2 TO THE AGREEMENT
Body
EXECUTIVE SUMMARY:
In February 2013 the Office of the Port Auditor retained the firm of Macias Gini & O'Connell LLP (MGO) for professional external auditing services. The agreement was for the financial and single audits covering fiscal years 2013, 2014 and 2015 with two, one-year options to extend the agreement at the sole discretion of the District. The original agreement was scheduled to terminate on April 30, 2016. On October 6, 2015 the Board exercised the first one-year option to extend the agreement with MGO from May 1, 2016 through April 30, 2017.
On June 8, 2016 the Audit Advisory Committee (Committee) met and recommended that the Board exercise the second one-year option to extend the agreement with MGO from May 1, 2017 through April 30, 2018.
RECOMMENDATION:
Recommendation
Adopt a resolution exercising a one-year option to extend the agreement with Macias Gini & O'Connell LLP for professional external auditing services from May 1, 2017 through April 30, 2018 for a one-year amount not to exceed $105,475 increasing the maximum not-to-exceed amount payable under the agreement from $411,739 to $517,214 and authorize the Port Auditor to enter into Amendment No. 2 to the agreement.
Body
FISCAL IMPACT:
Funds are included in the Port Auditor's FY 16/17 Professional Services Expense account (Ordinance 2862). Funds for subsequent fiscal years will be included in future budgets.
COMPASS STRATEGIC GOALS:
This agenda item supports the following Strategic Goal(s).
* A Port that the public understands and trusts.
* A financially su...
Click here for full text