HomeMy WebLinkAboutCRA-R-08-0033 Cover MemoSEOPW & Omni Boards of Commissioners Meeting
June 30, 2008
Item # 4
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: June 20, 2008 File: 08-00756
and Members of the CRA Board
Subject: Resolution Authorizing Negotiation and
Execution of an Agreement with Sanson,
Kline, Jacomino & Company, LLP for
External Auditing Services.
From: James H. VillacortaReferences:
Executive Director
Enclosures: Supporting Documentation;
Legislation
BACKGROUND:
The attached Joint Resolution authorizes the Executive Director to negotiate and execute an agreement, in a
form acceptable to General Counsel, with Sanson, Kline, Jacomino & Company, LLP ("SKJ") for external
auditing services. The annual fee for basic audit services over the initial two (2) year term will not exceed
$44,000 per year for FY '08 and FY '09. Optional single audit services, if required, will be performed for an
additional fee not to exceed $7,000 per year. The CRAs have the option to renew for three (3) additional one
(1) year periods.
On February 25, 2008, the Boards of Commissioners. by Resolution No. CRA-R-08-0008, authorized the
issuance of a Request for Proposals ("RFP") for external auditing services. On May 8, 2008, the Southeast
Overtown/Park West, Omni Redevelopment District, and Midtown Community Redevelopment Agencies
("CRAs") issued an RFP for external auditing services. Four (4) proposals were received by the Clerk of the
Board and forwarded to the CRAs for consideration. A committee, consisting of Mr. Larry Spring, Ms. Diana
Gomez, and Mr. Miguel Valentin was formed to evaluate the responses, and recommended SKJ. The Executive
Director has considered the responses and recommendation of the committee and recommends the Board
authorize execution of an agreement with SKJ, in a form acceptable to General Counsel.
JUSTIFICATION:
Section 163.387(8), Florida Statutes, mandates that "[e]ach community redevelopment agency shall provide for
an independent financial audit of the trust fund each fiscal year ...." This Joint Resolution allows the CRAs to
comply with the requirements of Florida Statutes.
FUNDING: Funds to be allocated as follows: for each fiscal year, $33,000 from SEOPW Tax Increment Fund,
entitled "Accounting and Auditing," Account Code No. 10050.920101.532000.0000.00000, and $11,000 from
Omni Tax Increment Fund, entitled "Accounting and Auditing," Account Code No.
10040.920101.532000.0000.00000.
JHV/pk