HomeMy Public PortalAbout2011.068 (04-05-11) RESOLUTION NO. 2011.068
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
AUTHORIZING THE MAYOR TO EXECUTE AN AMENDMENT TO THE AGREEMENT
BETWEEN THE CITY OF LYNWOOD AND VASQUEZ & COMPANY LLP
INCREASING THE NOT-TO-EXCEED ANNUAL FEE FROM $42,500 TO $51,500 FOR
THE SECOND AND THIRD YEAR OF THE CONTRACT TERM
WHEREAS, in 2009, the City Council approved an agreement with Vasquez &
Company LLP to provide auditing services for a term of three years commencing on
June 2, 2009 and terminating on June 1, 2012; and
WHEREAS, the total payment pursuant to the agreement shall not exceed
$127,500 with an annual fee limit of $42,500; and
WHEREAS, the scope of work to be performed included a single audit on
expenditures of federal grants by major programs in accordance with OMB Circular A-
133; and
WHEREAS, in 2009, only one of the federal grants was considered as a major
program, the CDBG funds, and the auditor included in its proposal a fee based on one
major program; and
WHEREAS, for the second and third year of the contract term, there is a need to
audit finro additional major programs funded by the American Recovery and
Reinvestment Act (ARRA) and the Neighborhood Stabilization Program (NSP); and
WHEREAS, because all expenditures of federal grants by major programs are
to be included in the single audit, and the ARRA and the NSP funds are considered
major programs, they are required to be audited; and
WHEREAS, because the audit firm's fee for each major program is $4,500, the
audit of both programs will require an additional fee of $9,000.
NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES
HEREBY FIND, DETERMINE, ORDER AND RESOLVE AS FOLLOWS:
Section 1. The City Council authorizes the Mayor to execute an amendment to
the Agreement between Vasquez & Company LLP and the City of Lynwood for the
contractor to provide audit services for two additional major programs.
Section 2. The amendment to the Agreement shall be in a form approved by
the City Attorney and the total payment to the contractor shall not exceed $145,500 for
the term of the contract. The annual fee shall not exceed $51,500 for the second and
third year of the contract term.
Section 3. The City Council approves the appropriation of $9,000 from the
Finance & Administration budget as follows:
1011.30.270.62005 $9,000
Section 4. This Resolution shall become effective immediately upon its
adoption.
PASSED, APPROVED and ADOPTED this 5 day of April, 2011.
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Aide Castro, Mayor
ATTEST:
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aria Quinonez, C y Clerk Roger L. Haley, ity Manager
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
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Fred Galante, City Attorney Robert S. Torre ' ant City
Manager
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the
foregoing Resolution was passed and adopted by the City Council of the City of
Lynwood at a regular meeting held on the 5 day of April, 2011.
AYES: COUNCIL MEMBERS FLORES, MORTON AND CASTRO
NOES: NONE
ABSENT: COUNCIL MEMBERS RODRIGUEZ AND SANTILLAN
ABSTAIN: NONE
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Maria Quinonez, Ci Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and the Clerk of the City
Council of said City, do hereby certify that the above foregoing is a full, true and correct
copy of Resolution No. 2011.068 on file in my office and that said Resolution was
adopted on the date and by the vote therein stated. Dated this 5 day of April, 2011.
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aria Quinonez, Ci Clerk