HomeMy WebLinkAboutCRA-R-10-0053 Cover Memo 6-28-2010Omni Board of Commissioners Meeting
June 28, 2010
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff
and Members of the CRA Board
From: James H. Villacort
Executive Director
Date: June 18, 2010 File: 10-00795
Subject: Resolution Ratifying the CRA's Exercise of its
First Option to Renew the Agreement for
External Auditing Services.
References:
Enclosures: Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Omni Redevelopment District Community
Redevelopment Agency (''CRA") approve and adopt the attached Resolution ratifying the exercise of the first
one (1) year option term under the agreement with Sanson, Kline, Jacomino & Company, LLP to provide
external auditing services to the CRA, at a cost not to exceed $11,000. with an option to include single audit
services, if required. for an additional fee not to exceed $7,000 per year.
The Boards of Commissioners of the Southeast Overtown/Park West and Omni Redevelopment District
Community Redevelopment Agencies ("CRAs") desired to have the CRAs employ an external auditor to perform
an annual audit in accordance with generally accepted accounting principles, as required by the Florida
Statutes. Consequently, the Boards of Commissioners, by Resolution No. CRA-R-08-0008, authorized the
issuance of a Request for Proposals ('RFP") for external auditing services, and the CRAs issued the RFP on
May 8, 2008.
The RFP selection committee and the Executive Director evaluated the responses and recommended that the
Boards of Commissioners authorize execution of an agreement with Sanson, Kline, Jacomino & Company, LLP
("SKJ"). The Boards of Commissioners, by Resolution No. CRA-R-08-0033, passed and adopted on June 30,
2008, authorized the CRA to negotiate and execute an agreement, in a form acceptable to General Counsel,
with SKJ for external auditing services for an initial term of two (2) years with an option to include single audit
services if required, for an additional fee not to exceed $7,000 per year, and with options to renew for three (3)
additional one (1) year periods.
To ensure uninterrupted service, the CRA exercised the first one (1) year renewal option, commencing July 31,
2010, at no increase in cost.
JUSTIFICATION:
Section 163.387(8), Florida Statutes, mandates that leach community redevelopment agency shall provide for
an independent financial audit of the trust fund each fiscal year ...."
This Resolution allows the CRA to comply with the requirements of Florida Statutes.
FUNDING: $18,000 from Omni Tax Increment Fund, "Accounting and Auditing," Account Code No.
10040.920101.532000.0000.00000.