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6.D. - Page 1 of 24 <br />/<�ik <br />Redwood <br />CitylCallifornia <br />Faunded 1867 <br />A,&/ <br />DATE: June 10, 2019 <br />SUBJECT <br />STAFF REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br />Agreement with Maze & Associates for Annual Professional Audit Services <br />RECOMMENDATION <br />By motion, approve and authorize the City Manager to execute an agreement for professional services <br />with Maze & Associates to perform professional audit services for the fiscal years ending June 30, 2019, <br />2020, and 2021, in an amount not to exceed $375,127, with an option to extend the agreement for two <br />additional one-year terms. <br />STRATEGIC INITIATIVE <br />Government Operations <br />BACKGROUND <br />The City is required to engage an independent certified public accounting firm to conduct an annual audit <br />of the City's financial records. The independent audit firm of Badawi & Associates, Certified Public <br />Accountants, was the City's auditor from FY 2011-12 through FY 2017-18. The City has a need to engage <br />the services of a new audit firm for FY 2018-19 through FY 2020-21. <br />Redwood City's Finance Division provides financial, budgetary, and accounting services for the City, as <br />well as the Port of Redwood City and Silicon Valley Clean Water Authority (SVCWA). In addition, the <br />Finance Division was recently awarded a contract to provide financial and accounting services for the <br />South Bayside Waste Management Authority (SBWMA) starting in FY 2019-20. In an effort to ensure a <br />coordinated, efficient, and timely audit process, the same audit firm is needed to perform audit services <br />for all four agencies, with the City as the lead agency. <br />On March 8, 2019, staff issued a Request for Proposal (RFP) to seek independent, professional audit <br />services. The RFP was posted on the California Society of Municipal Finance Officers (CSMFO) website <br />and was emailed directly to all twenty-three audit firms listed in the resources section of the CSMFO <br />website. <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />62 <br />