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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: , 1 — ©Fc:103 Date: 01/10/2011 Commission Meeting Date: 02/10/2011 Type: Z Resolution 7 Ordinance n Other Subject: Amendment #1 to External Auditing Services Agreement Purpose of Item: Law Department Matter ID No. A resolution authorizing an increase in the PSA with McGladrey & Pullen, LLP, pursuant to Resolution No. 10-0340, adopted on July 29, 2010, for additional external auditing services on an as needed basis by various City departments, in an amount not to exceed $150,000 over the life of the contract, thereby increasing the total amount for the three year contract period from $1,200,000 to $1,350,000. Background Info ation: On July 29, 2010, the City Commission adopted Resolution No. 10-0340, authorizing the City Manager to negotiate and execute a Professional Services Agreement ("PSA") with McGladrey & Pullen, LLP. The PSA contract was executed on December 9th, 2010. In order for the City of Miami's ("City's") auditor McGladrey & Pullen, LLP, to perform additional services (Grant Program Specific Audit/ Agreed Upon Procedures etc.), an increase in the total amount of contract is required. Therefore, the City recommends increasing the PSA with McGladrey & Pullen, LLP, in an amount not to exceed $150,000, thereby increasing the total contract for the three year contract from $1,200,000 to $1,350,000, allocating funds from various user departments and agencies, subject to the availability of funds and budgetary approval at the time of need. NO YES Requesting Department: Finance District Impacted: Emergency Ordinance _ Discussion Item Budget Impact Analysis Is this item related to revenue? Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP If using or receiving capital funds Grants Final Approvals (SIGN AND DATE) Budget Purchas' Chief Risk Management Dept. Director City Manager Page 1 of 1