HomeMy WebLinkAboutR-97-0427J-97-391
6/5/97
RESOLUTION NO. 9 r7 " 427
A RESOLUTION AUTHORIZING AN INCREASE IN THE
ALLOCATION OF FUNDS, IN AN AMOUNT NOT TO
EXCEED $99,425, TO COMPENSATE KPMG PEAT
MARWICK LLP, CERTIFIED PUBLIC ACCOUNTANTS,
FOR THE PROVISION OF ADDITIONAL EXTERNAL
AUDITING SERVICES AS ANTICIPATED IN THE
AGREEMENT AUTHORIZED PURSUANT TO RESOLUTION
NO. 96-805; ALLOCATING FUNDS THEREFOR FOR
SAID INCREASE FROM ACCOUNT CODE
NO. 001000.260201.6.280, IN THE AMOUNT OF
$37,900 AND ACCOUNT CODE
NO. 799302.452123.6.280, IN THE AMOUNT OF
$61,525.
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 cost to
the City; and
WHEREAS, such additional services, in an amount not to
exceed $99,425, 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 financial statements;
and
CITY COMMISSION
MEETING OF
J U N 2 6, 1997
Resolution No.
97- 427
WHEREAS,
funds
for
said increased compensation are
available
from Account
Code
No.
001000.260201.6.280, in the
amount of
$37,900 and Account Code No. 799302.452123.6.280, in the amount
of $61,525;
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 $99,425, 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 for said increase hereby allocated from
Account Code No. 001000.260201.6.280, in the amount of $37,900
and Account Code No. 799302.452123.6.280, in the amount of
$61,525.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 26th day of June 1997.
ATTEST CAROLLO, MAYOR
RMAN C. Jell -
TER J. FOE
CITY CLERK
- 2 -
97- 42'7
DEPARTMENT OF FINANCE
BUDGET AND AGEMENT ANALYSIS REVIEW:
DIPAK PAREKH, DIRECTOR ?045�e
APPROVED AS TO FORM AND CORRECTNESS:
i i
A! QXINN-J , II
CITY ATT
W1665:BSS
- 3 -
97- 427
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO : The Honorable Mayor and Members
of the City Commission
Iv.
DATE : May 16, 1997 FILE
SUBJECT : Resolution Authorizing
Increase Appropriation for
FROM REFERENCES
External Auditing Services
:
Edward Mar u ENCLOSURES:
City Manager
RECOMMENDATION:
It is recommended that the City Commission pass the attached resolution authorizing an
increase in appropriation of $99,425 to cover additional services in accordance with the
Professional Service Agreement with KPMG Peat Marwick for external auditing services.
BACKGROUND:
Resolution 96-805 approved the expenditure for basic auditing services in accordance
with the contract. This contract contained a provision for additional services as required
in the completion of the review of the City's financial statements. In order to comply
with the demands of the Oversight Board on the completion and preparation of financial
statements for the City, additional services were required. This increase in appropriation,
which represents a 25% increase in the contract amount, covers additional testing
undertaken in the review of the City's records and assistance in the preparation of the
financial statements. One additional task to be completed is the creation of an accounting
manual for the Finance Department. This last task will be completed before the summer
recess.
97- 427