Loading...
CC - Item 6A - One Year Extension of Contract With AuditorsROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL MEMBERS . FROM: JEFF ALLRED, CITY MANAGER , DATE: NOVEMBER 10, 2015 SUBJECT: ONE YEAR EXTENSION OF CONTRACT WITH AU DITORS SUMMARY The City of Rosemead currently contracts with a certified public accounting firm, Rogers, Anderson, Malody and Scott, LLP (RAMS) for audit services. This contract will expire upon completion of the 2014/15 fiscal year audit. The City Council will consider whether to extend this contract for one additional year or direct staff to initiate a competitive Request for Proposal (RFP) process. There will be no cost increase to the City as RAMS has proposed to maintain their existing fees for the 2015/16 audit. In addition, the one year extension will provide needed stability during the current era of turnover in the City's management team. Staff Recommendation It is recommended that the City Council authorize the one year extension of the RAMS contract for $44,882. This is the same as the fiscal year 2014115 fee. BACKGROUND The City entered into a contract with RAMS in the 2010/11 fiscal year for audit and other specialized accounting services for the City, the Successor Agency and the Housing Development Corporation. The City also used RAMS in fiscal year 2013/14 for a Transient Occupancy Tax audit. RAMS has provided the necessary staffing to complete the audits in a timely manner, is available for telephone consultation throughout the year on financial matters and has worked well with the City's Finance department. Due to current turnover in management staff, it would be helpful to work with an audit firm that is familiar with the City. ITEM NO. 6.A City Council Meeting November 10, 2015 Pape 2 of 2 Public Notice Process This item has been noticed through the regular agenda notification process. Prepared by: Carolyn A. Chu Finance Director Attachment A — RAMS Proposal for One Year Contract Extension ROGERS, ANDERSON, MALODY & SCOTT, LLP CERTIFIED PUBLIC ACCOUNTANTS, SINCE 1948 MANAGERS ) STAFF We are proud of the excellent service our firm has provided the City. In Jenny Liu, CPA, MST addition to the audit, we have provided assistance to the City in the Seong -Hyea Lee, CPA, MBA preparation of its financial statements, we have been flexible in our audit Charles De Si CPA Yiann Fang, CPA PA y q s o y schedules to accommodate an requests the City and we have made Nathan Statham, CPA, MBA ourselves available throughout the year to answer questions raised by Brigitta Banks, CPA finance staff. Gardenya Duran, CPA Juan Romero, CPA Ivan Gonzales, CPA, NSA Our fees for Fiscal Year 2015/16 would be $44,882; as detailed in the Brianna Pascoe, CPA attached schedule. This is the same as the Fiscal Year 2014/15 fee. As has been the case during our current contract period, we will continue to provide continuity of staffing, be available to work with the finance staff in areas of technical accounting pronouncements as well as compliance and internal control issues. We are available for telephone consultation on various financial matters throughout the year. All professional consultations throughout the year have been included in our proposed fixed fee. MEMBERS American Institute of Certified Public Accountants PCPS The AICPA Alliance for CPA Firms Governmental Audit Quality Center California Society of Certified Public Accountants We value the City as an important client and look forward to continuing our services in the future. Please do not hesitate to contact us for further clarification. We look forward to continuing our professional relationship with the City Very truly yours, ROGERS, ANDERSON, MALODY & SCOTT, LLP Terry Shea, Partner Certified Public Accountant STABILITY. ACCURACY. TRUST. October 27, 2015 735 E. Carnegie Dr. Suite 100 San Bernardino, CA 92406 909 889 0871 T Carolyn Chu, Finance Director 909 889 5361 F ramscpa.net City of Rosemead 8838 East Valley Boulevard Rosemead, California 91770 PARTNERS Brenda L. Odle, CPA, MST Terry P. Shea, CPA Kirk A. Franks, CPA Dear Ms. Chu Scott W. Mature, CPA, CGMA Leona Shanbhag, CPA, MST, CGMA pp y you W would like to take this opportunity to thank and our staff for the fay H. ZercheL CPA (Partner Emeritus) Phillip H. Waller, CPA (Partner Emeritus) confidence and support you have provided to us over the past few years, and present this letter for your consideration regarding extending our audit DIRECTORS contract with the City of Rosemead for one more fiscal year. Bradford A. Welebir, CPA, MBA MANAGERS ) STAFF We are proud of the excellent service our firm has provided the City. In Jenny Liu, CPA, MST addition to the audit, we have provided assistance to the City in the Seong -Hyea Lee, CPA, MBA preparation of its financial statements, we have been flexible in our audit Charles De Si CPA Yiann Fang, CPA PA y q s o y schedules to accommodate an requests the City and we have made Nathan Statham, CPA, MBA ourselves available throughout the year to answer questions raised by Brigitta Banks, CPA finance staff. Gardenya Duran, CPA Juan Romero, CPA Ivan Gonzales, CPA, NSA Our fees for Fiscal Year 2015/16 would be $44,882; as detailed in the Brianna Pascoe, CPA attached schedule. This is the same as the Fiscal Year 2014/15 fee. As has been the case during our current contract period, we will continue to provide continuity of staffing, be available to work with the finance staff in areas of technical accounting pronouncements as well as compliance and internal control issues. We are available for telephone consultation on various financial matters throughout the year. All professional consultations throughout the year have been included in our proposed fixed fee. MEMBERS American Institute of Certified Public Accountants PCPS The AICPA Alliance for CPA Firms Governmental Audit Quality Center California Society of Certified Public Accountants We value the City as an important client and look forward to continuing our services in the future. Please do not hesitate to contact us for further clarification. We look forward to continuing our professional relationship with the City Very truly yours, ROGERS, ANDERSON, MALODY & SCOTT, LLP Terry Shea, Partner Certified Public Accountant STABILITY. ACCURACY. TRUST. City of Rosemead Proposed Audit Fees Fiscal Year 2015116 City Audit Successor Agency Single Audit State Controllers' Report Housing Authority Not to Exceed Fee $ 25,160 5,516 6,704 3,200 4,302 $ 44,882