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HomeMy WebLinkAboutA200CITY OF NATIONAL CITY, CALIFORNIA COUNCIL AGENDA STATEMENT MEETING DATE: April 5, 2011 AGENDA ITEM NO. ITEM TITLE: Resolution of the City of National City authorizing the Mayor to execute the second amendment to the agreement between the City of National City and Mayer Hoffman McCann P.C., for Independent Auditing Services to include the Fiscal Year Ended June 30, 2011, in the amount of $37,300 PREPARED BY: Jeanette Ladrido, CPA DEPARTMENT PHONE: 336-4331 APPROVED BY: EXPLANATION: The City and the Community Development Commission of the City of National City have been in contract with Mayer Hoffman McCann since Fiscal Year 2004-2005. The audit firm has provided excellent customer service and expertise in the finances of the City and the CDC. With the guidance of MHM, the City has been able to receive the CSFMO Awards for Outstanding Financial Reporting and Excellence in Operating Budgeting for Fiscal Years 2009 and 2010. Staff wishes to extend the contract for one additional year to assist with the implementation of GASB 54, Fund Balance Reporting and Governmental Fund Type Definition. GASB 54 must be reflected in the June 30, 2011 financial report. With that, staff recommends authorizing the second amendment to the agreement to include the fiscal year ended June 30, 2011. FINANCIAL STATEMENT: ACCOUNT NO. 632-404-045-201-0000 Funds are budgeted in the amount of $37,300. ENVIRONMENTAL REVIEW: N/A ORDINANCE: INTRODUCTION: FINAL ADOPTION: APPROVED APPROVED: 1 Finance MIS STAFF RECOMMENDATION: Staff recommends amending the agreement to include the fiscal year ended June 30, 2011 at a cost of $37,300. BOARD / COMMISSION RECOMMENDATION: N/A ATTACHMENTS: 1. Resolution 2. Second Amendment to Agreement 3. MHM Proposal of Independent Audit Services