Title
Staff Report for Resolution Approving the Agreement between the City of San Leandro and Maze and Associates for Audit Services effective July 1, 2016
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council review and approve the agreement between the City of San Leandro and Maze and Associates for Audit Services effective July 1, 2016.
BACKGROUND
On June 20, 2011, City Council approved a three-year consulting services agreement with Maze and Associates for Audit Services of City funds with an option for 2 one-year extensions. This selection was after an exhaustive Request for Proposal (RFP) process and approval by the Finance Committee on June 6, 2011. Maze and Associates was selected not only for their extensive auditing and consulting experience with municipalities and other non-profits, but also their broad private sector experience in industries such as banking and commercial enterprises. The City desired a firm with both municipal and private sector experience. And a firm with a high level of city experience ensures that the auditors are current with municipal best practices and the latest Governmental Accounting Standards Board Pronouncement (GASB Policies).
Originally, Council approved Maze and Associates estimated annual costs to the City of $55,910 for 2010-11 audit services, $56,748 for 2011-12 audit services, and $57,599 for 2012-13 audit services. Due to increased complexity arising from dissolution of Redevelopment and new GASB pronouncements (i.e. GASB 68), the actual costs were higher in the years presented and rose to $85,545 for 2013-14 audit services and $84,657 for 2014-15 audit services.
Analysis
Over the last five years, Maze and Associates has provided the following services to the City of San Leandro:
* Audit of the basic financial statements, preparation of memorandum on internal control, including assistance with the preparation of the Comprehensive Annual Financial Report and issuance of our ...
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