Note from TheGardeningSnail: the following may have been prepared by running a PDF Image file through a program that converts Image to Print. My Apologies for any Textual Gremlins that may have crept in.
Meeting Date: January 16, 2018
STAFF REPORT
AGENDA ITEM: Resolution Approving a Professional Audit Service Agreement with BryantL. Jolley, CPA.
MEETING DATE: January 16, 2018
PREPARED BY: Happy Bains, Accountant
REVIEWED BY: Brad Grant, Interim Finance Director, Jose Antonio Ramirez, City Manager
RECOMMENDATION:
City Council to adopt Resolution No. 2018-_, approving a three (3) year professional audit service agreement to cover auditing services for fiscal years ended June 30, 2018, 2019, and 2020 with Bryant L. Jolley, CPA.
BACKGROUND:
State law requires that all general-purpose local governments publish, a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed Certified Public Accountants. Bryant L Jolley, CPA complies with all requirements and experience. Bryant Jolley has performed the annual City and former RDA audits since fiscal year 2005-06.
DISCUSSION:
Approve a three (3) year professional audit service agreement to cover auditing services for fiscal years ended June 30, 2018, 2019, and 2020 with Bryant L. Jolley, CPA.
FISCAL IMP ACT:
Fiscal impact for all three (3) years will not exceed $38,000 for fiscal years ended June 30, 2018, 2019, and 2020, respectively. For years where a Single Audit is required, an additional fee of $2,500 will be added.
ATTACHMENTS:
1) Resolution approving professional audit service agreement with Bryant L. Jolley, CPA.
2) Three (3) year professional audit service agreement with Bryant L. Jolley, CPA to cover auditing services for fiscal years ended June 30 2018, 2019, and 2020.
RESOLUTION NO. 2018-
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LIVINGSTON APPROVING A THREE (3) YEAR PROFESSIONAL AUDIT SERVICE AGREEMENT BETWEEN THE CITY OF LIVINGSTON AND BRYANT L. JOLLEY,
CPA AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT
WHEREAS, the State law requires that all general-purpose local governments publish, a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm licensed as Certified Public Accountant; and
WHEREAS, Bryant L. Jolley, CPA firm meets these requirements; and
WHEREAS, Bryant L. Jolley, CPA firm has been performing the City’s annual audits since fiscal year 2005-06; and
WHEREAS, the associated auditing fees have been or will be included on the fiscal year budget(s); and
WHEREAS, the City wishes to approve a professional audit service agreement between the City of Livingston and Bryant L. Jolley, CPA for a three (3) year term.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Livingston hereby adopts a Resolution to approve the professional audit service agreement with Bryant L. Jolley, CPA and authorizes the City Manager to execute AGREEMENT between the City of Livingston and Bryant L. Jolley, CPA.
Passed and adopted this 16th day of January, 2018, by the following vote:
AYES:
NOES:
ABSENT:
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Jim Soria, Mayor
of the City of Livingston
ATTEST:
I, hereby certify, that the foregoing resolution was regularly introduced, passed and adopted at a regular meeting of the City Council of the City of Livingston this 16th day of January, 2018.
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