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HomeMy WebLinkAboutR-81-0828RESOLUTION NO. 8 1- 8 2 8 A RESOLUTION ACCEPTING THE JUNE 26, 1981 PROPOSAL OF THE FIRM OF MARSHALL AND STEVENS, INC. FOR THE IMPLEMENTATION OF A FIXED ASSETS AND DEPRE- CIATION SYSTEM AT A COST OF $84,896; WITH FUNDS THEREFOR ALLOCATED FROM THE SPECIAL PROGRAMS AND ACCOUNTS FUND; AUTHORIZING THE CITY MANAGER TO EXECUTE A CONTRACT WITH SAID FIRM IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF SAID PROPOSAL. WHEREAS, the City's Auditor takes exception in its opinion of the City's financial statements to the lack of depreciation in the Enterprise and Internal Service Funds; and WHEREAS, such exception has a bearing upon the City's bond ratings and will not allow the City to obtain a Munici- pal Finance Officers Association Certificate of Conformance; and WHEREAS, the City has received 5 proposals from C.P.A. and Management Service firms for the Fixed Assets and Depre- ciation System which will enable the City to compute deprecia- tion in the Enterprise and Internal Service Funds and thereby eliminate one of the exceptions in the Auditor's opinion; and WHEREAS, the proposal of Marshall and Stevens, Inc. was rated by the Finance Department as the best proposal and also is in the lowest fixed amount; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The June 26, 1981 proposal of the firm of Marshall and Stevens, Inc. for the implementation of a Fixed Assets and Depreciation System is hereby accepted at a cost of $84,896. Section 2. The sum of $84,896 is hereby allocated from the Special Programs and Accounts Fund to cover the cost of the herein acceptance. CITY COMMISSION MEETING OF SEP2 4 1981 NWWTww aa.....81..' 8 rja wca :.......................,.... Section 3. The City Manager is hereby authorized to execute a contract on behalf of the City with Marshall and Stevens, Inc., for a Fixed Assets and Depreciation System for the Enterprise and Internal Service Funds in accordance with the terms and conditions of the aforesaid proposal. PASSED AND ADOPTED this 24 day of September , 1981. MAURICE A. FERRE M A Y 0 R ATTEST: RA H G. ONGIE CITY CLERK APPR ED AS TO FORM AND CORRECTNESS: GEORGE F. KNOX, JR. CITY ATTORNEY !P45 81-828 r ' N A 6 10 y CITY OF MIAMI. FLORIDA INTEROFFICE MEMORANDUM TO. Howard V. Gary DATE. August 6, 1981 FILE. City Manager su9JEcr Agenda Item for Approval s +1 + FROM Carlos E. Garcia REFERENCES - Acting Director f nance ENCLOSURES: - • CM — M t� w It is recommended that the attached Resolution be approved accepting the proposal of the firm of Marshall & Stevens, Inc., for the implemen- tation of a Fixed Assets and Depreciation System at a cost of $84,896, in order to provide depre- ciation in the Enterprise and Internal Service Funds. I co f The City's auditors have taken exception in their opinion to the financial statements for the lack of depreciation in the Internal Service and Enterprise Funds. This qualification does not allow the City to obtain a Certificate of Cpnformance from the Municipal Finance Officers Association. It also affects adversely on bond ratings and consequently the cost of debt to the City. Requests for proposals were sent by the City to the "big -eight" C.P.A. Firms, and several Management firms. Five firms responded and were ranked as follows: Rank Firm Cost 1 Marshall & Stevens $84,896 2 Arthur Young & Co. 95,000 3 Arthur Anderson 67,000 - 90,000 4 Peat, Marwick, Mitchell 97,720 5 Coopers & Lybrand 15,000 * * Includes only definition of the requirements of the project The recommended firm of Marshall & Stevens specializes in fixed assets accounting; the other respondents are C.P.A. firms. CEG:hb cc: George F. Knox, Jr. City Attorney 81-828 Y 60 ^1 .: CITY OF MIAMI. FLORIOA INTER -OFFICE MEMORANDUM w f to. George F. Knox, Jr. DATE. August 6, 1981 ME: {�. City Attorney Agenda Item for Approval SUBJECT: PP d FROM Carlos E. Garcia REFERENCES: Acting Director of Finance ENCLOSURES. We are enclosing a resolution accepting the proposal of the firm of Marshall & Stevens for the implementation of a Fixed Assets and De- preciation System for the City, for your approval. CEG:hb cc: Howard V. Gary, City Manager 81 -828 Appraisals by MARSHALL ARID STEVENS INCORPORATED June 26, 1981 !j City of Miami P.O. Box 330708 Miami, FL 33133 Attention: Director of Finance Gentlemen: Consistent with your request for proposal dated June 11, 1981, Marshall and Stevens Incorporated is pleased to submit its recommendations for the establishment of a Fixed Asset Management System for the City of Miami. Based on information provided to us and a review of your present property records, the attached submission represents, what we believe to be, an expeditious and feasible approach to accomplish the tasks outlined. With over 50 years of service to governmental units, Marshall and Stevens feels uniquely qualified to design, develop and implement fixed asset systems that meet current financial reporting requirements, tailored to the individual needs of each client served. We trust the attached submission meets with your approval and look forward to working with the City of Miami on this most important engagement. Sincerely, MARS L AN4STE NSINCORPORATED Thomas C. Moore Valuation Consultant Government Services TCM:hr Attachment 75C, Century Crcte, 5;,ji*e 20- Atlanta. Georg- 3C345 • (404) 321-1331 OFFEROR'S EXPERIENCE QUALIFICATIONS (PARTIAL LIST) Fort Pierce Utilities Autbority P.O. Box 1480 Fort Pierce, FL 33450 Mr. Bill Bidle, Finance Director 305/464-5600 Hillsborough County Public Schools Data Processing Center 1407 East Columbus Drive Tampa, FL 33605 Ms. Mary Esther Raker Director -Data Processing 813/272-4240 Pinellas County Public Schools 1960 East Druid Road Clearwater, FL 33516 Mr. Walter Croke Director -Data Processing 813/442-1171 City of Wilson 108-116 North Goldsboro Street Wilson, NC 27893 Mr. Charles W. Pittman, III Director of Finance 919/237-2121 Henrico County P.O. Box 27032 Richmond, VA 23273 Mr. Paul Nolte, Utilities Accountant 804/747-4517 City of Petersburg City Hall Annex University Street Petersburg, VA 23803 Mr. William R. Cook 804/733-3116 City of High Point High Point, NC 27260 Mr. William Gear, Director of Finance 919/887-2511 City of Anaheim P.O. Box 3222 Anahein, CA 92803 Mr. Darrel Ament 714/533-5783 City of Birmingham City Hall, Room 205 Birmingham, AL 35203 Mr. Richard Martin 205/254-2205 County of Fresno 4525 East Hamilton Fresno, CA 93702 Mr. Ed Reich 209/488-3496 City of Long Beach 333 West Ocean Long Beach, CA Miss Pat McGregor 213/272-4230 Milwaukee County County Courthouse Milwaukee, WI Mr. Pat Flynn 414/278-4987 City of Louisville City Hall Louisville, KY 42101 Mr. Ed Ward 502/587-3211 County of Gwinnett 240 Oak Street Lawrenceville, GA Mr. Winford Gower Assistant Finance Director 404/962-1505 County of Fairfax (now under contract) 4100 Chain Bridge Road Fairfax, VA Mr. Warren Hutchison Finance Director 703/691-2160 City of Lynchburg P.O. Box 60 Lynchburg, VA 24504 Mr. Michael Hill Finance Director 804/847-1308 81 -828 - Proposal to CITY OF MIAMI For A FIXED ASSET MANAGEMENT SYSTEM ENTERPRISE AND INTERNAL SERVICE FUNDS Submitted by MARSHALL AND STEVENS INCORPORATED ATLANTA, GEORGIA I. PROJECT OBJECTIVES The proposed services will assist the City of Miami to establish a Fixed Asset Management System which will provide information for: A. Financial Reporting 1. Materiality Disclosure (Ref: Disclosure Guidelines of Offerings of Securities by State and Local Governments - MFOA) 2. Audit Compliance (Ref: AICPA, NCGA/GAAFR, Rev. Sharing Act) 3. MFOA Certificate of Conformance B. Cost Accounting 1. Rate Setting (Enterprise and IGS Funds) 2. Program Cost Recovery (Ref: 74-4) C. Capital Expenditure Planning 1. Budget Request Substantiation 2. Capital Asset Improvements and Replacement Forecasting D. Insurance Requirements 1. Total Insurable Value 2. Specific Values 3. Coinsurance Compliance 4. Proper Rating 5. Proof of Loss Assistance 6. Perpetuation of Insurable Values E. Accountability and Control 1. Responsibility and Custodianship 2. Operational Efficiency 3. Maintenance Data 81 -828 8. Instruction and Training of City Personnel (Initial Project and Perpetuation) 9. Annual Valuation and Consulting Services for Perpetuation of the System { F. Further, it is understood that in certain instances and for certain asset 4',. classes the City desires only to convert its present property systems to a format allowing depreciation calculations based on useful life assignment. Therefore, a physical inventory and/or valuation would not be performed. III. PLANNING A. City Planning 1. A project of this size and complexity requires thought and planning to assure success. It is essential that the project have the support and commitment of all City Department Heads at the outset since it will require cooperation and an investment of their time. 2. However, the investment in time should be minimal, limited to the assemblage of cost records and construction and engineering data and the providing of access to areas to be included. 3. It is essential that one person be appointed to head the project for the City before commencement of any work. This person would have the responsibility for continuing the System after completion of initial project. The appointee must have some knowledge of property account- ing and be authorized to make decisions regarding the project. Preferably this individual would be selected from the City's present organization, familiar with the City's accounting procedures and policies. B. Joint Planning 1. Our Project Manager would meet with you to finalize your property accounting principles and prepare a detailed work plan: a. Review asset accounting procedures, depreciation convention and method, useful life assignment procedures and set a cutoff date for inventory and costing. b. Review department cost centers and chart of accounts and funds. c. Define codes to be used in the System. d. Establish parameters for asset record conversion from present property listing. e. Review available cost records. f. Review the work schedule and establish procedures to gain access to security areas, locked rooms and to other areas where prior arrangements are required. g. Arrange for staff working space. 2. We recommend that a meeting be held with key members of the various departments to introduce our Project Manager who would outline the Work Plan Schedule and answer any questions about the project. The meeting should include, but not be limited to, City personnel from the following areas: 81 -8'8 r, c. Building Service Equipment: Plumbing Electrical —; Heating, ventilating and air conditioning 2. Improvement Other Than Buildings generally consist of: a. paving --parking lots _a b. Fencing --buildings, parking lots c. Concrete work --building walks d. Miscellaneous structures --sheds e. Plumbing --site, not building plumbing f. Electrical --outside area lighting 3. Data to be recorded will include types of construction, dimensions, appurtenances, occupancy and use, and insurance exclusion amounts. Improvements within 25 feet of building perimeters will be included with the building. B. Original Cost Record/Accounting 1. To establish the necessary cost record for accounting, auditing and financial reporting purposes, Marshall and Stevens will establish an original cost record based on acquisition cost and date for each building and improvements other than buildings. Costs generally include: a. Construction cost (or allocated purchase) b. Fixed equipment costs c. Architect's fees d. Inspection and other fees e. Costs of permits and licenses i f. Applicable sales tax j g. Insurance and interest during construction, if applicable h. Other incidental expenses 2. Original costs will be assigned on the basis of the City's records, provided that they are furnished to our staff in an expeditious manner, assembled by project or building account. Various sources may be available: a. General ledger, audits and other financial records I b. Architect's request for payment documents c. Project files d. Reports issued to agencies such as the HUD —' e. Inventory files, cards f. Maintenance records — g. Purchase orders and invoices h. Council minutes, ordinances and resolutions i. Deed files — j. Capital improvement budgets 81-�>� b. Depreciated Reproduction Cost Physical deterioration and functional and economic obsolescence, relevant for insurance purposes, will be observed and deducted to arrive at Depreciated Reproduction Cost. c. Exclusions and Insurable Values In computing Insurable Values, the value of items specifically excluded from coverage in accordance with your present insurance policy will be deducted to arrive at Insurable Reproduction Cost and Depreciated Insurable Value. A copy of the current property insurance policy must be provided to Marshall and Stevens by the City prior to the start of this project. V. MACHINERY AND EQUIPMENT A. Assets to be Converted 1. A review of a portion of the City's Inventory Control report, as furnished to us, indicates that for the majority of machinery and equipment assets assigned to the Enterprise and Internal Service Funds, adequate data is available to convert this information directly to the Marshall and Stevens Fixed Asset Management System. Certain enhancements to the data base will be necessary as part of this conversion effort. Those elements are as follows: a. Useful life assignment b. Locational codes (if elected) c. Class codes d. Modification of certain field headings to coincide with System calculations 2. For assets to be directly converted to the new System, other data elements required by the City, such as year-to-date and life -to -date depreciation, will be calculated by the System through normal System processing. In summary, only those elements required for basic System operation will be added to the City's present Master File. B. Assets to be Inventoried For those assets carried in the City's present record that do not contain complete information as to original acquired cost or date of acquisition, Marshall and Stevens suggests that a physical verification and inventory of those assets be accomplished to determine estimated age and to provide any other essential data prior to System entry. Procedure for this phase of the engagement is outlined in C below. C. Inventory Procedures 1. Verification Experienced and qualified members of the professional staff of Marshall and Stevens will conduct a field inventory of the City's machinery, equipment, furniture and fixtures pertaining to Enterprise and Internal Service Fund operations. The assets will be listed by location and fund in one of the following categories: 81 -828 i 3. If the appropriate original cost data is not available or cannot be provided as described above, the normal original cost will be estab- lished by Marshall and Stevens using one of the following methods: a. Research the normal cost at date of acquisition from our historical pricing records. b. Determine current reproduction cost new and apply reverse cost trends to the date of acquisition. 4. An estimate of the Total Useful Life of each building or improvement will be made. This estimate, together with the estimated date of acquisition, will be the basis for the ratio of expired life to remaining life to provide depreciation reserves to date for applicable funds. In arriving at our opinion of Total Useful Life, consideration will be given to: a. The type, character and reasonable life expectancy under past and projected operating conditions relative to the designed use; b. Functional obsolescence and developing technology; c. Economic obsolescence resulting from changing economic conditions in relationship to the use of the facilities; d. The City's history, policies or plans regarding capitalization of maintenance, major repairs or replacement of facilities. C. Coding 1. The following codes will be assigned to buildings and improvements other than buildings when supplied to our Project Manager by the City at the beginning of this project. a. Site designations b. Building numbers c. Departments d. Funds e. Sources of revenue f. Accounts 2. This data must be furnished by the City in schedule form. D. Current Valuation 1. Current Reproduction Cost New information is required for (1) adequacy of property insurance coverage, (2) capital expenditure planning for replacement, and (3) maintenance decisions. 2. Marshall and Stevens will utilize the following valuation procedures: a. Reproduction Cost New Each building and improvement other than buildings will be valued at Reproduction Cost New. Consideration will be given to labor and material costs in the local area to replace the property in like kind and quality, plus the indirect costs for architect's and engineer's fees, inspection fees, licenses, applicable sales tax, insurance and other incidentals. b. Depreciated Reproduction Cost Physical deterioration and functional and economic obsolescence, relevant for insurance purposes, will be observed and deducted to arrive at Depreciated Reproduction Cost. c. Exclusions and Insurable Values In computing Insurable Values, the value of items specifically excluded from coverage in accordance with your present insurance policy will be deducted to arrive at Insurable Reproduction Cost and Depreciated Insurable Value. A copy of the current property insurance policy must be provided to Marshall and Stevens by the City prior to the start of this project. V. MACHINERY AND EQUIPMENT A. Assets to be Converted 1. A review of a portion of the City's Inventory Control report, as furnished to us, indicates that for the majority of machinery and equipment assets assigned to the Enterprise and Internal Service Funds, adequate data is available to convert this information directly to the Marshall and Stevens Fixed Asset Management System. Certain enhancements to the data base will be necessary as part of this conversion effort. Those elements are as follows: a. Useful life assignment b. Locational codes (if elected) c. Class codes d. Modification of certain field headings to coincide with System calculations 2. For assets to be directly converted to the new System, other data elements required by the City, such as year-to-date and life -to -date depreciation, will be calculated by the System through normal System processing. In summary, only those elements required for basic System operation will be added to the City's present Master File. B. Assets to be Inventoried For those assets carried in the City's present record that do not contain complete information as to original acquired cost or date of acquisition, Marshall and Stevens suggests that a physical verification and inventory of those assets be accomplished to determine estimated age and to provide any other essential data prior to System entry. Procedure for this phase of the engagement is outlined in C below. C. Inventory Procedures 1. Verification Experienced and qualified members of the professional staff of Marshall and Stevens will conduct a field inventory of the City's machinery, equipment, furniture and fixtures pertaining to Enterprise and Internal Service Fund operations. The assets will be listed by location and fund in one of the following categories: 81 - 828 t a. Capitalized Equipment - Individual Control Those equipment items (1) which can be identified by manufacturer, model and serial number and, as such, are identifiable from other like items; (2) have a unit original cost of $100 or more, and: (3) have a useful life in excess of one year will be listed individually. Generally, this classification includes business communications equipment and maintenance equipment. b. Capitalized Equipment - Group Control Those equipment items (1) which are homogeneous and not individually identifiable; (2) may or may not have a unit cost of $100 or more but the City's practice is to purchase in groups and capitalize the total group cost and (3) have an average group life in excess of one year, will be listed by homogeneous grouping by each year capitalized within each department, location and fund. c. Minor Equipment - Noncontrollable Those equipment items which are expensed for accounting purposes but are included for insurance purposes only will be grouped by building and department with a general description of the group. Generally, this classification includes miscellaneous office accessories, tools, shop equipment (general) and minor lab items. B. Original Cost Record/Accounting 1. To establish the necessary cost record for accounting, auditing and financial reporting purposes, Marshall and Stevens will establish an original cost record based on acquisition cost and date for each individual machine or capitalized group. Costs generally include: a. Purchase or assembled cost b. Freight and installation c. Applied sales tax 2. Original costs, if available, will be assigned on the basis of the City's records provided that they are furnished at a centralized location to our staff. 3. If the appropriate original cost data is not available or cannot be provided as described above, the normal original cost will be estab- lished by Marshall and Stevens using one of the following methods: a. Research the normal cost at date of acquisition from our historical pricing records. b. Determine current reproduction cost new and apply reverse cost trends to the date of acquisition. c. Applicable sales tax 4. An estimate of the Total Useful Life of each item or homogeneous group will be made. This estimate, together with the estimated date of acquisition, will be the basis for the ratio of expired life to remaining life to provide depreciation reserves to date for applicable funds. In arriving at our opinion of Total Useful Life, consideration will be given to: a. The type, character and reasonable life expectancy under past and projected operating conditions relative to the designed use; b. Functional obsolescence and developing technology; c. Economic obsolescence resulting from changing economic conditions in relationship to use; d. The City's history, policies or plans regarding capitalization of maintenance, major repairs or replacement. C. Coding 1. The following codes will be assigned to Machinery and Equipment when supplied to our Project Manager at the beginning of the project: a. Site designations b. Building numbers c. Departments d. Funds e. Source f. Accounts 2. This data must be furnished by the City in schedule form. 3. In addition, Marshall and Stevens will apply its Classification Codes to the following classes of property to provide increased control and facilitate information retrieval for special purpose reports in the future: a. Office machines and equipment b. Office furniture and fixtures c. Machinery and equipment d. Communications equipment e. Non -licensed vehicles f. Licensed road vehicles D. Current Valuation 1. Current Reproduction Cost New information is required for (1) adequacy of property insurance coverage, (2) capital expenditure planning for replacement, and (3) maintenance decisions. 2. Marshall and Stevens will utilize the following valuation procedures: a. Reproduction Cost New Each item or group of capitalized equipment and each group of expensed equipment will be valued on the basis of Reproduction Cost New. b. Depreciated Reproduction Cost Physical deterioration and functional and economic obsolescence relevant for insurance purposes will be observed and deducted to arrive at Depreciated Reproduction Cost. c. Exclusions and Insurable Values In computing Insurable Values, the value of items specifically excluded from coverage in accordance with your present insurance policy will be deducted to arrive at Insurable Reproduction Cost and Depreciated Insurable Value. 0�' rh VI. VEHICLES A. Mobile and vehicular equipment (licensed and unlicensed totaling approximately 1,100 in aggregate number) should be included in the Fixed Asset Management System for depreciation purposes as well as accountability and insurance valuation. 1. Due to the high level of mobility normally associated with this class of assets, it is difficult, if not impossible, to physically inventory each vehicle while in service. 2. Marshall and Stevens assumes that a complete list of such items can be provided to our Project Manager for inclusion within the System. 3. Further, we understand that such a listing will include original cost to the City, together with proper descriptive data for identification and useful life assignment. Fee estimates do not complete a physical verification of vehicles, or research of original cost from other sources. We will, however, add to the present record other required data elements for proper System entry prior to report processing. (Useful life asset class and locational codes, if required.) VII. REPORTS Dependent upon the method of processing ultimately selected by the City should the City elect to purchase the Marshall and Stevens Fixed Asset Management Software System, the following report format would be applicable. Should the City elect to use in-house programming or other fixed asset system, the following data would not necessarily apply. Three complete sets of the original report will be furnished to the City consisting of: A. An appraisal certification specifying the date and purpose of our report. B. A general description of the assets included, techniques used to gather data and prepare reports and definitions of the terminology and codes used in the reports. C. A summary of the insurable values of included assets by building location and in total for the City showing: 1. Reproduction Cost New 2. Insurable Reproduction Cost 3. Depreciated Reproduction Cost 4. Depreciated Insurable Cost 5. Exclusions D. A computer generated report of assets by Department within Fund which displays for each asset or group of assets: 1. Buildings, Improvements Other Than Buildinas, Machinery and Equipment: a. City b. Site designation c. Building number d. Department e. Fund f. Source of revenue (provided by City) g. Class code h. Asset description (model number; serial number; manufacturer, when available) i. Asset number j. Quantity k. Acquisition year 1. Estimated useful life m. Replacement year n. Depreciation reserve o. Acquisition cost p. Reproduction cost new q. Unrecovered cost r. Current year depreciation s. Account VIII. DATA PROCESSING/COMPUTER SOFTWARE A. Marshall and Stevens Fixed Asset System Marshall and Stevens has developed a software system specifically designed to meet the Fixed Asset requirements of governmental units. Because of our specialization in the governmental area, our system is a culmination of many years of experience with specific requirements facing local govern- ment today. The Marshall and Stevens Fixed Asset Management System is a series of computer programs designed to integrate a governmental unit's various asset information requirements into a functional system. It is the result of the maturing of computer technology, system design, and over 40 years of implementation capabilities --in answer to the complexity of information requirements. Its goal is the efficient, centralized collection and timely, economical processing and dissemination of all asset data. 1. General Features Incorporates flexible options and the most recent governmental accounting, auditing, and financial reporting requirements for Fixed Asset Accounting. Meets the specific requirements of each user. Within the total government unit, individual divisions, and departments can specify its own: Organization and Location Control Report Options Variable Processing Frequency Special Request Reports Accounting Procedures C 3., Processing and Hardware Features Program reliability and ease of modification make the system highly responsive to present and future user needs. Lucid and well -organized documentation is provided for all user and data processing departments. The system is installed to the client's specific hardware and operating system requirements. File conversion assistance and user training are provided. Seven levels of organizational and/or location control column headings are not fixed, but can be specified for each user. These seven levels and 35 other fields can be selected for sequencing and totaling reports. User can specify summary or details, where to have page breaks, single or double spacing. Insurance Value Updates: Price change indices and depreciation change factors can be provided annually for each class of property. The updated reports will provide totals by location and property class. 4. Accounting Features Six Depreciation Methods Sum of the Year's Digits 200% Declining Balance 0 150% Declining Balance 1 125% Declining Balance Straight Line Remaining Life Four Capitalization Prorate Conventions Actual Months Half Year • Modified Half Year Alternate Modified Half Year F. All fees are plus applicable travel and living expenses of professional staff, not to exceed 12% of the primary fee. G. Fees, upon award of contract, will be payable as billed during the course of the assignment by the City of Miami. X. GENERAL A. All field notes and working papers prepared as a part of this engagement will remain on file with Marshall and Stevens for a period of five years after delivery of our reports. They will be available for reference should the City be challenged to substantiate an insurance claim or if needed in an audit or property accounts. B. A reconciliation will not be made between the results of this project and existing financial statements of the City due to the prior lack of recording retirements and the possibility of unrecorded additions through the years. This proposal is submitted by: MARSHALL AND STEVENS INCORPORATED J.c.moD&, hIL Thomas C. Moore Valuation Consultant Government Services TCM: hr Enclosures Addendum A Addendum B Addendum C 1r s ADDENDUM A LIST OF PROPERTIES 1. Orange Bowl 2. Marine Stadium 3. Miami Stadium 4. Bay Front Park Auditorium 5. Coconut Grove Auditorium 6. Dinner Key Marina 7. Miamarina S. Watson Island Marina 9. Miami River Marina 10. Motor Pool Building 11. Heavy Equipment Maintenance Garage r