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AGREEMENT BETWEEN <br />THE CITY OF SUNNY ISLES BEACH AND MARCUM LLP <br />� z CONTRACT NO: 2022-7834 <br />T S CONT CTUAL AGREEMENT (hereinafter referred to as the "Agreement") <br />is made this day of 'PA,l L , 2022, by and between the CITY OF SUNNY ISLES <br />BEACH, Florida, (hereinafter referred to as "City"), and MARCUM LLP (hereinafter referred to as <br />"Consultant") whose Federal I.D. # is 11-1986323. <br />RECITALS <br />WHEREAS, the City is in need of a professional auditing consultant to audit the basic <br />financial statements of the City as of and for the fiscal years ending September 30, 2022, 2023 and <br />2024 and to provide an opinion on the conformity of this material with accounting principles generally <br />accepted in the United States ("Services"); and <br />WHEREAS, on February 7, 2022, the City issued RFP No. 22-02-01, "Professional <br />Independent Auditing Services", soliciting the aforementioned Services, a copy of which is attached <br />hereto as Attachment "A" (the "RFP"); and <br />WHEREAS, Consultant, through its response to the RFP, has expressed the ability and desire <br />to provide these Services, at a negotiated rate. A copy of Consultant's response to the RFP and revised <br />price proposal are attached hereto as Attachment "B" and incorporated herein by reference; and <br />WHEREAS, the Consultant will provide the Services, as well as supplemental services for <br />single year audits and other audit services on an as needed basis, as more fully described in Attachment <br />"A", in an amount not to exceed One Hundred Ninety -One Thousand Five Hundred Dollars <br />($191,500.00), subject to the terms and conditions contained herein; and <br />WHEREAS, the Consultant represents that it has expertise to perform these Services. <br />NOW THEREFORE, in consideration of the foregoing and for the mutual covenants, <br />representations and warranties and other good and valuable consideration, the receipt and adequacy of <br />which is hereby acknowledged, the parties agree as follows: <br />1. RECITALS. The Recitals set forth above are hereby incorporated into this Agreement and <br />made a part hereof for reference. <br />2. CONSULTING SERVICES. Consultant shall audit the basic financial statements of the City as <br />of and for the fiscal years ending September 30, 2022, 2023 and 2024 and will provide <br />supplemental audit services to the City, as more fully described in Attachment "A", attached hereto <br />and made a part hereof. The City is required to adhere to U.S Generally Accepted Accounting <br />Principles, these requirements, as well as the requirements stipulated by auditing standards <br />generally accepted in the United States and Government Auditing Standards which are to be <br />followed by the Consultant, are further described in Attachment `B". <br />1 <br />Marcum LLP <br />