HomeMy WebLinkAboutCRA-R-12-0073 10-29-12 Cover MemoSEOPW Board of Commissioners Meeting
October 29, 2012
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: October 19, 2012 File:12-01234
and Members of the CRA Board
From: Clarence E. Woods, III Vlij
References:
Executive Director
Subject: Resolution Ratifying the CRA's Exercise of its
Third Option to Renew the Agreement for
External Auditing Services.
Enclosures: Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution ratifying the exercise of the third
one (1) year option term under the agreement with Sanso, Kline, Jacomino & Company, LLP to provide external
auditing services to the CRA, at a cost not to exceed $33,000.
The Board of Commissioners of the Southeast Overtown/Park West District Community Redevelopment Agency
desired to have the CRA employ external auditor to perform an annual audit in accordance with generally
accepted accounting principles, as required by the Florida Statues. Consequently, the Board of Commissioners,
by Resolution No. CRA-R-08-0008, authorized the issuance of a Request for Proposals ("RFP") for external
auditing services, and the CRA issued the RFP on May 8, 2008.
The RFP selection committee and the Executive Director evaluated the responses and recommended that the
Board of Commissioners authorize execution of an agreement with Sanson, Kline, Jacomino & Company, LLP
("SKJ"). The Board of Commissioner, 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, and options to renew for three (3)
additional one (1) year periods.
To ensure uninterrupted service, the CRA exercised the third one (1) year renewal option, commencing July 31,
2012, at no increase in cost.
JUSTIFICATION:
Section 163.387(8), Florida Statues, mandates that "[e]ach 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 Statues.
FUNDING:
Funds to be allocated from SEOPW Tax Increment Fund, "Professional Services" Account Code No.
10050.920101.532000.0000.00000.