HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 13 - ON
Date: July 2, 2013 Requesting Department: Finance
Commission Meeting Date: 7/25/2013 District Impacted:
Type: ® Resolution n Ordinance ❑ Emergency Ordinance U Discussion Item
n Other
Subject: Amendment One to the Existing Professional Services Agreement with Ernst & Young LLP
Purpose of Item:
Law Department
Matter ID No: 11-
1237
The Administration is requesting the City Commission to authorize the City Manager to amend the
existing professional services agreement with Ernst & Young by increasing the maximum annual
compensation amount of $550,000 to $617,000.
Background Information:
On July 28, 2011, pursuant to Resolution No. 11-0318, the City Commission authorized the City
Manager to execute a professional services agreement with Ernst & Young, LLP for the provision of
external auditing services for a period of three years, with the option to renew for two additional one
year periods. The City entered into the agreement with Ernst & Young on November 3, 2011 to
provide said services. This is the second year of their contract and the cost 'of the auditing services
provided exceeds the maximum compensation allowed. Therefore, the City is requesting to amend
Section 5A of the agreement increasing the maximum annual amount of compensation for fiscal year
2012 audit from $550,000 to $617,000.
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No: t^ i 4 C CZocop S OoO
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
Ifdsing or receiving capital funds
Grants Risk- Management
Purchasing Dept. Director'
Chief 4'1k City. Manager 1
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