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SJp1NY IS4F <br /> City of Sunny Isles Beach George "Bud" Scholl, Mayor <br /> 4 re 18070 Collins Avenue Jeanette Gatto, Vice Mayor <br /> y _ Sunny Isles Beach, Florida 33160 Isaac Aelion, Commissioner <br /> Dana Goldman, Commissioner <br /> *, 305.947.0606 City Hall Jennifer Levin, Commissioner <br /> l DD <br /> of ?, FL09' s 305.949.3113 Fax <br /> of sus �� Christopher J. Russo, City Manager <br /> Hans Ottinot, City Attorney <br /> Jane A. Hines, MMC, City Clerk <br /> MEMORANDUM <br /> TO: Honorable Mayor Scholl and City Commission <br /> .1 <br /> VIA: Christopher J. Russo, City Manager <br /> FROM: Audra K. Curts-Whann, Finance Director <br /> DATE: April 22, 2015 <br /> RE: Extend Contract for Independent Audit Services for FY 2014-15 Audit <br /> RECOMMENDATION: <br /> Based upon the satisfactory review by Mr. Robert J. Lilienfeld, CPA (may he rest in <br /> • <br /> peace), of the adequacy of independent audit services provided by Keefe, McCullough & <br /> • <br /> Co LLP in the initial three year period of the contract, and successful completion of two <br /> subsequent annual audits, staff is recommending the Commission approve extending the <br /> contract with the firm for audit services for FY 2014/15 for an amount not to exceed <br /> $46,000 which includes audit services, single audit for up to three State & Federal grants <br /> (if applicable) and for the preparation, editing and printing of the Comprehensive Annual <br /> Financial Report (CAFR). <br /> RATIONALE: <br /> Keefe, McCullough & Co LLP has audited the City of Sunny Isles Beach for the past five <br /> fiscal years. Annually, this firm has devoted the resources necessary to issue the City's <br /> financial statements by January's commission meeting. The team assigned to the City <br /> has been professional and worked diligently with staff to effectively audit the City's <br /> financial records. <br /> Legal has indicated the contract can be renewed for an additional year without bid <br /> solicitation in accordance with Chapter 218, Florida Statutes. Finance is requesting the <br /> extension to (1) allow a full year audit by auditors familiar with city operations on the new <br /> finance system, (2) allow the department to fully implement the budget module without <br /> the additional burden preparing for a potential new audit firm could create (preliminary <br /> fieldwork is typically performed in the summer - a change in audit firm would significantly <br />