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HomeMy WebLinkAboutReso - CC - 053-2022DocuSign Envelope ID: 8D2B0002-A064-4BF6-89F8-17797318CDF7 RESOLUTION NO. 053-2022 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME AUTHORIZING THE CITY MANAGER TO AMEND THE AGREEMENT BETWEEN THE CITY OF BURLINGAME AND MAZE & ASSOCIATES ACCOUNTANCY CORPORATION FOR EXTERNAL FINANCIAL AUDITING SERVICES TO ALLOW FOR AN EXTENSION OF ONE YEAR WITH OPTION FOR ONE ADDITIONAL YEAR 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 Government Finance Officers Association (GFOA), governmental entities in practice enter into multiyear agreements (usually no longer than five years) when obtaining the services of independent auditors, as such agreements allows 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, consistent with the GFOA best practices, the City issued a Request for Proposals for external financial auditing services; seven firms submitted qualified proposals, three firms were selected for interviews, and after completion of the review process, the City selected Maze & Associates Accountancy Corporation as the best qualified firm; and WHEREAS, the current three-year agreement with Maze & Associates, terminating on March 31, 2019, authorizes an extension of up to two additional years; and WHEREAS, the City Council approved a three-year extension through the June 30, 2021 audit on May 20, 2019; and WHEREAS, the City has been very satisfied with the audit and consulting services provided to date. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BURLINGAME RESOLVES AND ORDERS AS FOLLOWS: The City Council authorizes the City Manager to execute a one-year extension of the Agreement with Maze & Associates Accountancy Corporation to include the performance of annual external auditing services for the City of Burlingame for fiscal year 2021-22 with an option 1 DocuSign Envelope ID: 8D2B0002-A064-4BF6-89F8-17797318CDF7 to extend for one additional year, as provided in the engagement letter dated April 28, 2022, attached hereto as Exhibit A. _1�1 C- l— . Ricardo Ortiz, Mayor I, MEAGHAN HASSEL-SHEARER, City Clerk of the City of Burlingame, certify that the foregoing Resolution was adopted at a regular meeting of the City Council held on the 16th day of May 2022 and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: BEACH, BROWNRIGG, COLSON, O'BRIEN KEIGHRAN, ORTIZ NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE 2 Meaghan Hassel Shearer, City Clerk