HomeMy WebLinkAboutR-01-0112J-01-98
1/31/01
RESOLUTION NO. 01— 112
A RESOLUTION OF THE MIAMI CITY COMMISSION
APPROVING THE CITY MANAGER'S RECOMMENDATION
FOR SELECTION OF THE FIRM OF ERNST AND
YOUNG, LLP ("ERNST") TO PROVIDE CONSULTING
SERVICES FOR AN ANALYSIS OF THE READINESS OF
THE CITY TO IMPLEMENT THE GOVERNMENT
ACCOUNTING STANDARDS BOARD STATEMENT NO. 34
FOR THE FINANCE DEPARTMENT, IN AN AMOUNT NOT
TO EXCEED $25,000 PLUS EXPENSES; AUTHORIZING
THE CITY MANAGER TO NEGOTIATE AND EXECUTE A
PROFESSIONAL SERVICES AGREEMENT, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, WITH ERNST;
ALLOCATING FUNDS FROM THE DEPARTMENT OF
FINANCE GENERAL OPERATING BUDGET.
WHEREAS, the Department of Finance requires the assistance
of qualified professional consultants for the analysis of the
readiness of the City to implement the Government Accounting
Standards Board ("GASB") Statement No. 34; and
WHEREAS, the City Manager has determined that the firm of
Ernst and Young, LLP ("Ernst") is the best qualified firm to
provide the expertise needed for the analysis; and
WHEREAS, the City Manager will negotiate and execute an
agreement with Ernst, and
CITY COQ
DIiEMNG OF
FEB 0 0 2001
Rewwom *0.
0 - 112.,
WHEREAS, funds are available from the Department of Finance
Operating Budget;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the
Preamble to this Resolution are adopted by reference and
incorporated as if fully set forth in this Section.
Section 2. The City Manager's recommendation for the
selection of the firm of Ernst and Young, LLP ("Ernst") to
provide an analysis of the readiness of the City of Miami to
implement the Government Accounting Standards Board Statement
No. 34 for the Department of Finance, in an amount not to exceed
$25,000 plus expenses, is approved, with funds allocated from
the Department of Finance General Operating Budget for said
purpose.
Section 3. The City Manager is authorizedll to negotiate
and execute a professional service agreement, in a form
acceptable to the City Attorney, with Ernst.
Section 4. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor Y
1/ The herein authorization is further subject to compliance with all
requirements that may be imposed by the City Attorney, including but
not limited to those prescribed by applicable provisions of the City
Charter and Code.
a/ If the Mayor does not sign this Resolution, it shall become effective
at the end of ten calendar days from the date it was passed and
adopted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.
Page 2 of 2 oi- 112
• M
PASSED AND ADOPTED this 8th day of February 2001.
JOE CAROLLO, MAYOR
In accordance with Mia?ni Code Sec. 2-36. since the Mayor did not indicate approval of
this legisial,ton by signing it in the designated r'.s e provide-Jn7; becomes effective lith th claose of ten {;0} day.a rrc e GX 0.
regarding same, without the Mayor exerAg—v /
r
ATTEST:
WALTER J. FOEMAN
CITY CLERK
APPROV S F M ORRECTNESS:1'0"*/
E RO VIL LO
C ATTORNEY
W5038:LB:BSS
Page 3 of 3 01— 112
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
CA -14
TO: The Honorable Mayor and Members DATE: January 26, 2001 FILE:
Of the City Commission
SUBJECT:
Proposed Resolution
FROM :ACityManagTer
ez, REFERENCES : Agreement with
ENCLOSURES: Ernst & Young for
Consulting Services
RECOMMENDATION
It is respectfully recommended that the City Commission adopt the attached
Resolution authorizing the City Manager to select the firm of Ernst & Young, LLP
to provide an assessment of the readiness of the City to implement GASB #34 at
a cost of $25,000 plus direct expenses.
Funding is available from the budget of the Finance Department.
BACKGROUND
The Government Accounting Standard Board (GASB) has promulgated a new
reporting model for governments in its Statement #34. The Statement will
require extensive modification of the financial statements issued by the City.
Ernst & Young will identify the changes that must be made to our reporting
Sys em to successfully implement this standard for the City.
JN/jr
01- 112