Laserfiche WebLink
<br />FINANCE AND AUDIT COMMITTEE <br />Staff recommended a three-year agreement with Badawi, and the Committee members <br />agreed with this recommendation. The Committee discussed the tradeoffs involved in <br />having the same auditor for multiple years; while there are advantages to an auditor <br />who is familiar with City operations, it is also advisable to have a fresh review of <br />practices periodically. The Committee recommends issuing a new RFP at the end of the <br />contract term. <br /> <br />ALTERNATIVES <br />The City Council may direct staff to pursue an agreement another audit firm. Because of <br />the existing relationship with Badawi, and as evidenced through the various proposals, <br />staff does not anticipate that another audit firm could complete all the services <br />requested at a cost lower than the amount Badawi has quoted. <br /> <br />FISCAL IMPACT <br />Appropriations are sufficient to cover the proposed cost of these services for the three- <br />year period: $76,520 for the audit of Fiscal Year 2016-17; $78,810 for Fiscal Year 2017- <br />18; and $81,190 for Fiscal Year 2018-19. <br /> <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 /> <br /> <br />KIMBRA MCCARTHY <br />ASSISTANT CITY MANAGER OF ADMINISTRATIVE SERVICES <br /> <br /> <br /> <br />MELISSA STEVENSON DIAZ <br />CITY MANAGER <br /> <br />ATTACHMENT <br />1. Agreement with Badawi & Associates for Auditing Services <br />6.1.E. - Page 2