Title
Staff Report for a City of San Leandro City Council Resolution Approving Amendment No. 2 to the Consultant Services Agreement between the City of San Leandro and Maze & Associates for Audit Services for the Year Ending June 30, 2021
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council authorize the City Manager to execute amendment No. 2 to the Consultant Services Agreement between the City of San Leandro and Maze & Associates (Maze) for audit services for the year ending June 30, 2021.
BACKGROUND
The City originally entered into an agreement with Maze following a request for proposal process. The resulting agreement covered three years with two single-year options. Two subsequent agreements extended Maze's auditing services through June 30, 2019.
An Amendment to the Agreement with Maze is recommended not only for its extensive auditing and consulting experience with municipalities and other non-profits, but also Maze's broad private sector experience. The firm has both municipal and private sector experience that allows it to remain current with best practices and the latest Governmental Accounting Standards Board (GASB) Pronouncements.
Analysis
The annual independent audit is submitted to the City Council in accordance with Section 555 of the City Charter. GASB recommends the financial reports be completed in the Comprehensive Annual Financial Report (CAFR) format. The CAFR and related financial statements fully disclose the financial conditions of the City and of the other reporting units.
Maze provided the following services to the City over a number of years:
* Audit of the basic financial statements, preparation of Memorandum on Internal Control including assistance with the preparation of the Annual Financial Statement;
* Audit of the Successor Agency to the Redevelopment Agency and footnote disclosures included in the City's basic financial statements;
* Testing of one major program for compliance with the Si...
Click here for full text