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HomeMy WebLinkAboutCRA-R-16-0038 Cover MemoOmni Board of Commissioners Meeting July 29th, 2016 OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER OFFICE MEMORANDUM Board Chair Ken Russell and Members of the CRA Board From: Jason Walker Executive Dire BACKGROUND: Date July 25, 2016 File: Subject: The selection of Sanson, Jacomino, Kline, Tandoc and Gamarra, LLP "SKJTG" for OMNI CRA External Audit Services. References: Enclosures Legislation It is recommended that the Board of Commissioners of the OMNI Redevelopment District Community Redevelopment Agency ("CRA") accepting the Executive Director's recommendation of Sanson, Kline, Jacomino, Tandoc & Gamarra, LLP ("SICTG") to provide external auditing professional services to the OMNI CRA; authorizing the Executive Director to execute an agreement with SKJTG for external auditing services for an initial term ofthree (3) years at a total cost not to exceed $15,000.00 annually per year, for a total amount not to exceed $45,000.00 for the initial three years term, with options to renew for three (3) additional one (1) year periods; funds to be allocated from OMNI CRA Tax Increment Fund, entitled " Accounting and Audit" Account Code No. 10040.920501.532000.0000.00000. JUSTIFICATION: Section 163.387(8), Florida Statutes, mandates that "[e]ach community redevelopment agency shall provide for an independent financial audit of the fund each fiscal year. ..." This resolution allows the OMNI CRA to comply with the aforementioned statutory requirement. FUNDING Allocating funds from OMNI Tax Increment Fund, "Accounting and Audit, "account code no. 10040.92 0501.53 2000.0000.00000.