HomeMy WebLinkAboutM-92-0584CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO: Honorable Mayor and Members
of the City Commission
FROM Cesar H. Ca J
City ManageAJ
DATE : S E P 1 1992 FILE
SUBJECT: Agenda Item -
Amendment to Agreement
with External Auditors
REFERENCES:
ENCLOSURES:
It is respectfully recommended that the attached resolution be
approved authorizing the City Manager to execute Amendment No. 81
in substantially the form attached, to an agreement between the
City of Miami and Deloitte & Touche, Certified Public
Accountants, in association with Sharpton, Brunson & Company,
P.A.; Verdeja, Iriondo & Gravier; and Watson & Company, P.A., for
external auditing services related to the Comprehensive Annual
Financial Report for the fiscal year ending September 30, 1992;
preparation of annual compliance reports required by Bond
Indentures for the Miami Convention Center and the Government
Center Parking Garage financings, and preparation of a separate
audit report for the Southeast Overtown/Parkwest Redevelopment
Trust with funds in an amount not to exceed $330,000, therefor
allocated from the fiscal year 1993 operating budgets of the
Department of Conferences, Conventions, and Public Facilities;
the Government Center Parking Garage Enterprise Fund; the
Southeast Overtown/Parkwest Redevelopment Trust Fund; the
Department of Finance, and the Community Development Block Grant
Fund, as follows: $7,500 from Account No. 350119-340, $7,500
from Account No. 260221-340, $5,000 from Account No. 550108-340,
$248,000 from Account No. 260201-280,,,and $62,000 from Account
No. 450806-280. X,
v
The City Commission by Resolution No. 89-533 adopted the
recommendation of the City's Audit Advisory Committee to enter
j into an agreement with the accounting firm of Deloitte and
Touche, Certified Public Accountants, formerly known as Deloitte,
Haskins & Sells, in association with Sharpton, Brunson & Company,
P.A.; Verdeja, Iriondo & Gravier; and Watson & Company, P.A., to
provide external auditing services beginning in fiscal year 1989
with a series of four one-year renewals, subject to the review
and approval of the Audit Advisory Committee and the City
! Commission.
92- 584
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Agenda Item
Page -2-
The Audit Advisory Committee has reviewed and approved an
agreement for fiscal year ending September 30, 1992 at a cost not
to exceed $310,000 for external auditing services related to the
City's 1991 Comprehensive Annual Financial Report.
In addition, the bond indentures for the Special Obligation Bonds
issued to finance the Miami Convention Center and the Government
Center Parking Garage require annual compliance reports to be
submitted to the Trustees for those bond issues. These reports
incorporate compliance testing to audited financial information.
A separate report is also required by Florida Statutes for
Community Redevelopment Agencies, such as the Southeast
Overtown/Parkwest Redevelopment Trust. The preparation of these
three reports will cost $20,000.
The Department of Finance recommends adoption of the attached
resolution authorizing the City Manager to execute an amendment
to the agreement with the City's external auditors, Deloitte &
Touche, Certified Public Accountants, in association with
Sharpton, Brunson & Company, P.A.; Verdeja, Iriondo & Gravier,
and Watson & Company, P.A., to cover the services explained above
at a cost not to exceed $330,000.
92- 584
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