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HomeMy WebLinkAbout25H - FINANCIAL AUDIT REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: JANUARY 16, 2007 TITLE: AMEND AGREEMENT WITH MORELAND & ASSOCIATES, INC., FOR ADDITIONAL COMPREHENSIVE FINANCIAL AUDIT SERVICES APPROVED o As Recommended o As Amended o Ordinance on 1" Reading o Ordinance on 2"d Reading o Implementing Resolution o Set Public Hearing For C0- f)~tk;2, ITYMANAGER CONTINUED TO FILE NUMBER RECOMMENDED ACTION Direct the City Attorney to prepare and authorize the City Manager and the Clerk of the Council to execute an amendment to the agreement with Moreland & Associates, Inc., for additional comprehensive financial audit services increasing the total aggregate amount by $26,000. DISCUSSION The City of Santa Ana retained the services of Moreland & Associates, Inc" a certified public accounting firm, to conduct the annual audit of the City'S financial statements. In addition to the annual auditing services, the firm was directed to perform other related services such as the study of internal controls at the staff's direction. As a result of the specification development relating to the implementation of a new integrated financial software, staff would like to expand the current scope of work to include the evaluation of additional business processes. Staff is anticipating using this comprehensive study of the city's internal controls and processes to complement the new financial software with the implementation of modern business practices and reporting. It is estimated that the additional work will total up to $26,000. FISCAL IMPACT Funds are available in Personal Services account Finance & Management (account 11-171-6191). Services Accounting Other APPROVED AS TO FUNDS AND ACCOUNTS: 'l:~~>I:.-v ~ Francisco Gutierrez Executive Director Finance and Management Services Agency FG/PA-K/A.Agr 01-16-2007.2:uc 25H-1 25H-2