HomeMy WebLinkAboutCRA-R-05-0004 COVER MEMOCRA Board of Directors Meeting
January 31, 2005
Item #6
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
Chairman Johnny L. Winton Date: January 21, 2005 File: 04-01377
and Members of the CRA Board
From: Fr . Rollason
Executive Director
Subject: Resolution to Renew External
Financial Auditing Services for
Fiscal Year 2005
References:
Enclosures: Resolution;
Supporting Documentation
RECOMMENDATION:
It is recommended that the attached Joint Resolution of both the SEOPW and Omni Community
Redevelopment Agencies (CRAs) be approved and adopted by the Board of Directors
authorizing the Executive Director to execute an "Option Term" extension with Sanson, Kline,
Jacomino & Company, LLP (SKJ) for a one year period as provided in the current agreement to
provide Financial Auditing Services for both the SEOPW and Omni CRAs for Fiscal Year 2005
at a base fee of $46,000 (which is an approximate increase of 3%a over the FY '03 fee of
$44,500) and the approval for an additional $7,000, if required, to perform a single audit function
as a result of the CRA receiving Federal Funds for a total authorization of $53,000,00.
JUSTIFICATION:
The CRA Board of Directors approved the hiring of SKJ on December 8, 2003 (copy of
resolution attached) for Fiscal Years '03 and '04 with the option for three additional one year
option term renewals at a price to be negotiated between the Executive Director and SKJ (copy
of excerpt from agreement attached). The price for the basic auditing services for Fiscal Year
2005 is approximately 3% more than for Fiscal Year 2004. This is the same range of increase
as was approved by the Board between the FY '03 and FY '04 audits contained within the
authorizing Resolution. The price quoted for the single audit, if required, remains at a constant
$7,000 throughout the term of the contract to include any of the authorized extensions.
FUNDING SOURCE:
$11,500 plus $3,500 for Single Audit from Omni TIF Account 686001.590320,6.280 entitled
Professional Services -Accounting.
$34,500 plus $3,500 for Single Audit from SEOPW TIF Account 689001.550108.6.280 entitled
Professional Services -Accounting.
FKR/eh