HomeMy WebLinkAboutR-98-0295J-98-337
3/17/98
RESOLUTION NO. 9 8- 295
A RESOLUTION AUTHORIZING AN INCREASE IN
THE ALLOCATION OF FUNDS, IN AN AMOUNT NOT
TO EXCEED $20,000, TO COMPENSATE KPMG
PEAT MARWICK LLP, CERTIFIED PUBLIC
ACCOUNTANTS, FOR THE PROVISION OF
ADDITIONAL SERVICES, THE PREPARATION OF
THE COMPREHENSIVE ANNUAL FINANCIAL
REPORTS, AS ANTICIPATED IN THE AGREEMENT
AUTHORIZED PURSUANT TO RESOLUTION NO.
96-805, ALLOCATING FUNDS THEREFOR FOR SAID
INCREASE FROM CONTRACTUAL SERVICES
ACCOUNT CODE NO. 001000.260201.6970.90213.
WHEREAS, pursuant to Resolution No. 96-805, adopted October 30, 1996,
the City Manager was authorized to execute an agreement with KPMG Peat
Marwick LLP, Certified Public Accountants ("KPMG"), for the provision of
external auditing services; and
WHEREAS, Section IV of said agreement allows the City to request
additional services to be performed at additional costs to the City, and
WHEREAS, such additional services, in an amount not to exceed $20,000, are
required in order to meet the demands of the Oversight Board concerning review
of the City's records and the preparation and completion of the City's
Comprehensive Annual Financial Reports; and
WHEREAS, funds for said increased compensation are available from
Account Code No. 001000.260201.6970.90213;
CITY C014MSSION
MEETING OF
MAR 2 4 IM
Rewlutim No.
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 hereby adopted by reference thereto and incorporated herein as if
fully set forth in this Section.
Section 2. An increase in the allocation of funds, in an amount not to
exceed $20,000, to compensate KPMG Peat Marwick LLP, Certified Public
Accountants, is hereby authorized for the provision of additional external auditing
services as anticipated in the agreement authorized pursuant to Resolution No.
96-805, with funds therefor hereby allocated from Account Code No.
001000.260201.6970.90213.
Section 3. This Resolution shall become effective immediately upon its
adoption.
PASSED AND ADOPTED this 24th day of March , 1998.
JOE CAROLLO, MAYOR
In accordance with Miami Code Sec. 2-36, since the Mayor did not indicate approval of
this legislation by signing it in the designated place provided, said legislation now
becomes effective with the elapse of ten (10) day from the date of Commission action
regarding same, without the Mayor exert eto.
ATTEST:
W e . Fo man, City Clerk
WALTER J. FOEMAN
CITY CLERK
BUDGETARY REVIEW:
M'
DIPAK PAREKH, DIRECTOR
BUDGET & MANAGEMENT ANALYSIS
2 98 - 295
FINANCIAL REVIEW:
W. P M, 0, g g " W-27"Ad -. llm�
APPROVED AS TO FORM AND CORRECTNESS:
Z 7 -�l
JOEL DWARD MAXWELL
INTERIM CITY ATTORNEY
W2399:CSK:ROD
3 98- 295
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
CA=18
TO: Honorable Mayor and Members of the DATE: February 27, 1998
FILE
City Commission
SUBJECT: Resolution Authorizing
Increased Appropriation for
Additional Services
FROM: Jose Garcia -Pedrosa REFERENCES:
City Manager ENCLOSURES: March 24, 1998 City
Commission
RECOMMENDATION:
It is recommended that the City Commission adopt the attached resolution authorizing an
increase in appropriation of $20,000 to fund additional services in accordance with the
Professional Services Agreement with KPMG Peat Marwick LLP for the preparation of
the Comprehensive Annual Financial Reports (CAFR).
BACKGROUND:
Resolution 96-805 authorized the City Manager to execute an agreement with KPMG
Peat Marwick LLP for external auditing services. This agreement contains a provision to
contract for additional services, as may be required. Pursuant to this provision, the City
administration deems it is in the City's best interest to engage KPMG Peat Marwick LLP
to prepare and complete the CAFR, to allow for the timely production of the City's
FY' 97 Audited Financial Statement, for a fee not to exceed $20,000.
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98- 295
J-98-337
3/ 17/98
RESOLUTION NO.
A RESOLUTION AUTHORIZING AN INCREASE IN
THE ALLOCATION OF FUNDS, IN AN AMOUNT NO
TO EXCEED $20,000, TO COMPENSATE KP G
PEAT MARW ICK LLP, CERTIFIED P LIC
ACCOUNTANTS, FOR THE PROVISI OF
ADDITIONAL SERVICES, THE PREP ION OF
COMPREHENSIVE ANNUAL INANCIAL
PORTS, AS ANTICIPATED IN 'AGREEMENT
A ORIZED PURSUANT TO OLUTION NO.
96-8 5, ALLOCATING FUNDS FOR FOR SAID
INC ASE FROM CO TUAL SERVICES
ACCO CODE NO. 001000 60201.6970.90213.
WHEREAS, pursuant to
the City Manager was autl
Marwick LLP, Certified Pi
external auditing servicea
[ion No. 96-805, adopted October 30, 1996,
to execute an agreement with_ KPMG Peat
,�puntants ("KPMG'), for the provision of
WHEREAS, Secin IV of said a ement allows the City to request
additional services be performed at addition costs to the City, and
WHEREAS, uch additional services, in an unt not to exceed $20,000, are
required in o er to meet the demands of the Oversi t Board concerning review
of the Cy's records and the preparation and cipletion of the City's
Compre ensive Annual Financial Reports; and
REAS, funds for said increased compensation OF available from
3�
Acytount Code No. 001000.260201.6970.90213; °'