HomeMy WebLinkAboutExhibit A�
TO: Arthur Noriega V DATE: April 27, 2020
City Manager
SUBJECT: Approval of finding to waive
competitive sealed bidding methods
for GASB 87 Implementation
FROM: Erica T, Paschal, CPA REFERENCES:
Finance Director
ENCLOSURES;
For reporting periods beginning after December 15, 2019, governments will be required
to implement GASB 87. The objective of the statement is to better meet the information
needs of financial statement users by improving accounting and financial reporting for
leases by governments, In order to ensure a successful implementation, the population
of leases, both lessee and lessor, must be properly identified, This process requires a
significant investment of staffs time and has proven to be a challenge to some
organizations.
This memo serves as a request for a competitive bid waiver to retain the technical
accounting consulting services of RSM US LLP for GASB 87 assessment assistance.
With the use of their expertise, the City will be able to effectively establish and execute
a GASB 87 Project Plan.
Pursuant to section, 18-85, as amended, it is respectfully recommended that you, as the
City Manager, waive competitive sealed bidding methods via this written finding and
reasons herein. Said waiver shall need to be ratified, confirmed, and approved by the
Miami City Commission by a four-fifths (4/ 5th) affirmative vote during an advertised
public hearing.
Your signature below confirms your approval of waiving competitive sealed bidding
methods to retain the services of RSM US LLP for GASB 87 assessment assistance. If
you require any further information, then please do not hesitate to contact Erica T.
Paschal, Finance Director at 305-416-1328.
Approved:
Arthd'Norie��V, City Manager
Date: