HomeMy WebLinkAboutReso - CC - 029-2011RESOLUTION NO. 29-2011
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME
APPROVING AND AUTHORIZING THE FINANCE DIRECTOR TO EXECUTE AN
AGREEMENT BETWEEN THE CITY OF BURLINGAME AND BROWN ARMSTRONG
ACCOUNTANCY CORPORATION FOR EXTERNAL FINANCIAL AUDITING
SERVICES
WHEREAS, the City is required by State law to have an annual, independent, external audit of
its financial statements to ensure compliance with federal, state and local laws, with generally accepted
accounting principles and with pronouncements and standards of the Governmental Accounting
Standards Board (GASB); and
WHEREAS, in accordance with the best practices promulgated by the Governmental Finance
Officers Association (GFOA), governmental entities in practice enter into multiyear agreements
(usually no longer than five [5] years) when obtaining the services of independent auditors, as such
agreements allow for greater continuity and minimize the potential for disruption in connection with
the independent audit; and
WHEREAS, the GFOA best practices also state that a governmental entity should actively
seek to replace the external auditor at the end of the multiyear agreement in order to preserve and
enhance independence, objectivity and impartiality; and
WHEREAS, the accounting firm of Caporicci and Larson has provided external auditing
services for the City since 2004 and has performed those duties very well and provided excellent
service to the City; and
WHEREAS, consistent with the GFOA best practices, the City issued a Request -for -Proposal
for external financial auditing services; nine firms submitted qualified proposals, five firms were
selected for interviews and, after completion of the review process, the City selected Brown
Armstrong Accountancy Corporation as the best qualified firm based on its 37 years of experience in
auditing governmental entities; and
WHEREAS, Brown Armstrong Accountancy Corporation has agreed to perform external
auditing services for the City at a cost of $68,000.00 per year for a total not to exceed three-year cost
of $204,000.00, with an option to retain the firm for two additional years; and
WHEREAS, Brown Armstrong Accountancy Corporation has the ability, training, expertise
experience and willingness to perform the external auditing services for the City of Burlingame for the
next three (3) years;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
BURLINGAME AS FOLLOWS:
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1. The City Council finds that all of the facts recited above and in the staff report are true and
correct.
2. The City Council hereby approves, and authorizes the Finance Director to execute, the
Agreement with Brown Armstrong Accountancy Inc. to perform annual external auditing services for
the City of Burlingame for fiscal years 2010-11, 2011-12 and 2012-13, with an option, at the City's
discretion, to extend the agreement for two additional years, fiscal years 2013-14 and 2014-15, in a
form as attached hereto and incorporated herein as Exhibit "A".
/iv
Terry Na el, Ma or
I, Mary Ellen Kearney, City Clerk of the City of Burlingame do hereby certify that the
foregoing Resolution was introduced at a regular meeting of the City Council on the 2nd day of May,
2011, and was adopted thereafter by the following vote:
AYES: Councilmembers: BAYLOCR, BROWNRIGG, REAL, REIGHRAN, NAGEL
NOES: Councilmembers: NONE
ABSENT: Councilmembers: NONE
4MaryElle Kearney, City Clerk
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