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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hail 3500 Pan American Drive Miami, FL 33133 www.ci.miami.tl.us File Number: 06-00987 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING AN INCREASE IN THE COMPENSATION AMOUNT OF THE PROFESSIONAL SERVICES AGREEMENT ("AGREEMENT") WITH RACHLIN, COHEN AND HOLTZ, LLP, PURSUANT TO RESOLUTION NO. 04-0458, ADOPTED JULY 8, 2004, FOR THE PROVISION OF EXTERNAL AUDITING SERVICES, IN AN AMOUNT NOT TO EXCEED $60,000, FOR THE SECOND YEAR OF THE AGREEMENT ONLY, FROM AN AMOUNT NOT TO EXCEED $370,000 TO $430,000, AND SUBSEQUENTLY, TO THE TOTAL CONTRACT AMOUNT FROM AN AMOUNT NOT TO EXCEED $1,109,000 TO $1,169,000; ALLOCATING FUNDS FROM THE DEPARTMENT OF FINANCEGENERAL OPERATING BUDGET, ACCOUNT CODE NO. 001000.260201.6.280; AUTHORIZING THE CITY MANAGER TO EXECUTE AN AMENDMENT TO THE AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, FOR SAID PURPOSE; AMENDING RESOLUTION NO. 04-0458, TO REFLECT SAID INCREASE. WHEREAS, Resolution No. 04-0458, adopted July 8, 2004, authorized the City Manager to negotiate and execute a Professional Services Agreement ("Agreement") with Rachlin, Cohen, and Holtz, LLP; and WHEREAS, the City Manager executed the Agreement for a three (3) year period, in an amount not to exceed $349,000 for the first year, an amount not to exceed $370,000 for the second year, and in an amount not to exceed $390,000 for the third year, for a total contract amount not to exceed $1,109,000; and WHEREAS, the City of Miami ("City") Department of Finance requires an increase to the contract due to the fact that additional time was required for field work from Rachlin, Cohen and Holtz, LLP, to perform the federal and state and single audit; to determine the receivables and deferrals for various grants not recorded on the books and records of the City at the time the audit began back in December, including amounts for Federal Emergency Management Agency, Urban Areas Security Initiative, Urban Search and Rescue Task Force, and Community Development Funds; to determine taxes receivable and associated deferred revenues; to audit capital assets and determine correct balances to be reflected in the City's financial statements; to validate and book additional entries provided by the City in March, 2006; to assist in the preparation of the City's financial statements and note disclosures, including reconciliations to client calculations, revising note disclosures, and net asset calculations; and meet with City staff to resolve various accounting issues; and WHEREAS, an amendment to the Agreement, in substantially the attached form, is required to be executed by the City Manager to reflect an increase in the compensation amount of $60,000 for the second year contract only, from $370,000 to $430,000; and subsequently, to the total contract from an amount not to exceed $1,109,000 to $1,169,000, for the additional time for field work; and City of Miami Page 1 of 3 Printed On: 6/30/2006 File Number: 06-00987 WHEREAS, funds for said increase are available from the Department of Finance General Operating Budget, Account Code No. 001000.260201.6.280; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. An increase in the compensation amount of the Agreement with Rachlin, Cohen and Holtz, LLP, pursuant to Resolution No. 04-0458, adopted July 8, 2004, for the provision of external auditing services, in an amount not to exceed $60,000, for the second year of the Agreement only, from an amount not to exceed $370,000 to $430,000, and subsequently, to the total contract amount from an amount not to exceed $1,109,000 to $1,169,000, is authorized. Section 2. Resolution No. 04-0458 is amended in the following particulars:{1} 'ffiResolution No. 04-0458 Section 2. The City Manager is authorized{1} to negotiate and execute an Agreement, in substantially the attached form, with Rachlin Cohen and Holtz, the second -ranked firm, for a three-year period, in an amount not to exceed $349,000 for the first year, an amount not to exceed WO,000 $430,000 for the second year, and an amount not to exceed $390,000 for the third year, for a total contract amount not to exceed $09;000-$1,169,000, with funds allocated from Account Code No. 001000.260201,6330.28013. * * *11 Section 3. Funds for said increase are allocated from the Department of Finance General Operating Budget, Account Code No. 001000.260201.6.280. Section 4. The City Manager is authorized{2} to execute an Amendment to the Agreement, in substantially the attached form, for said purpose. Section 5. The Resolution shall become effective immediately upon its adoption and signature of the Mayor.{3} APPROVED AS TO FORM AND CORRECTNESSt/ . J JORG - DEZ CITY ATT'RNE City of Miami Page 2 of 3 Printed On: 6/30/2006 File Number: 06-00987 Footnotes: {1} Words and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. The remaining provisions are now in effect and remain unchanged. Asterisks indicated omitted and unchanged material. {2) 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 City Charter and Code provisions. {3} 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. Cilp of Miami Page 3 of 3 Printed On: 6/30/2006