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7.2.A. - Page 2 <br /> $61,689 or a 3% increase, which is the first increase since fiscal year 2012-13, to cover <br /> cost of living adjustments <br /> Audit Committee <br /> Staff reviewed its recommendation for a one-year agreement with Badawi & Associates <br /> with the Audit Committee in October 2014. The committee members recommended <br /> approval. <br /> ALTERNATIVES <br /> The City Council may direct staff to issue a Request for Proposal for audit services. <br /> FISCAL IMPACT <br /> Approval of the renewal of the agreement with Badawi and Associates will have a slight <br /> impact of $1,797 (3%) over the existing contract. Appropriations in the fiscal year 2014- <br /> 15 budget are sufficient to cover the proposed cost of these services for the current <br /> year. <br /> ENVIRONMENTAL REVIEW <br /> This activity is not a project under CEQA as defined in CEQA Guidelines, section <br /> 15378, because it has no potential for resulting in either a direct or foreseeable physical <br /> change in the environment. <br /> AUDREY SEYMOUR RAMBERG <br /> INTERIM FINANCE DIRECTOR <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENTS <br /> 1. Agreement with Badawi and Associates for Auditing Services <br />