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File #: 18-159    Version: 1
Type: Redevelopment - Successor Agency Status: Agenda Ready
File created: 1/24/2018 In control: City Auditor's Office
On agenda: 2/6/2018 Final action:
Title: Agreement with Macias, Gini & O’Connell LLP for Annual Financial and Compliance Audits.
Sponsors: City Council
Attachments: 1. Memorandum, 2. City of San Jose Contract, 3. Successor Agency Contract
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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...Title

Agreement with Macias, Gini & O’Connell LLP for Annual Financial and Compliance Audits.

...Recommendations

(a)                     City Council approve an agreement with Macias, Gini & O’Connell LLP to perform annual financial and compliance audit services for fiscal years ending June 30, 2018, 2019, and 2020 with three one-year extension options for fiscal years ended June 30, 2021, 2022, and 2023, with annual compensation not to exceed $612,664 in year one and fees adjusted for subsequent years by the Consumer Price Index, not to exceed 3 percent per year in years two through six, for a total amount not to exceed $3,952,789 for a potential six year term subject to annual appropriation of funds by the City Council.

(b)                     Board of the Successor Agency to the Redevelopment Agency approve an agreement with Macias, Gini & O’Connell LLP to perform annual financial and compliance audit services for fiscal years ending June 30, 2018, 2019, and 2020 with three one-year extension options for fiscal years ended June 30, 2021, 2022, and 2023, with annual compensation not to exceed $55,132 in year one and fees adjusted for subsequent years by the Consumer Price Index, not to exceed 3 percent per year in years two through six, for a total amount not to exceed $355,700 for a potential six year term subject to annual appropriation of funds by the Board of the Successor Agency.

CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment. (City Auditor)