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2011-27714 Reso Inc. RESOLUTION NO. 2011 -27714 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF MIAMI BEACH, FLORIDA AND MCGLADREY & PULLEN, LLP., DATED OCTOBER 26, 2006, FOR INDEPENDENT AUDIT SERVICES (THE AGREEMENT); SAID AMENDMENT REVISES EXHIBIT "B" OF THE ORIGINAL AGREEMENT, ENTITLED "FEE COMPENSATION ", BY ADDING AN AUDIT OF THE BUILDING BETTER COMMUNITIES BOND PROJECT FOR THE FISCAL YEAR ENDING ON SEPTEMBER 30, 2011, AND AN AUDIT OF THE CHILDREN'S TRUST FUND PROGRAM FOR THE FISCAL YEAR ENDING ON SEPTEMBER 30, 2011; AND FURTHER APPROVES THE FIRST YEAR RENEWAL OPTION OF THE AGREEMENT. WHEREAS, the Mayor and City Commission at its July 12, 2006 City Commission meeting, passed and adopted Resolution No. 2006 - 26247, which accepted the City Manager's recommendation pertaining to the ranking of firms pursuant to Request for Proposals (RFP) No. 23 -05/06 for Auditing Services; authorized the Administration to enter into negotiations with McGladrey & Pullen; and further authorized the Mayor and City Clerk to execute an agreement upon the completion of successful negotiations by the Administration; and WHEREAS, Exhibit "B" to the Professional Services Agreement (the Agreement) with McGladrey & Pullen, entitled "Fee Compensation ", included eight (8) auditing services pursuant to RFP No. 23- 05/06: • The City's Basic Financial Statements included in the City's Comprehensive Annual Financial Report (CAFR); • Federal Grant Programs and State Projects (OMB A -133 Single Audit); • Miami Beach Redevelopment Agency's (RDA) Basic Financial Statements; • Parking Systems Funds' (PSF) Financial Statements; • Miami Beach Visitor and Convention Authority's (VCA) Financial Statements; • Miami Beach Convention Center (MBCC) and Fillmore Miami Beach at the Jackie Gleason Theater Financial Statements; and • The Safe Neighborhood Parks and Bond Program (SNP); and WHEREAS, the fee compensation for the eight (8) aforementioned auditing services were negotiated and incorporated as part of Exhibit "B" for the initial five -year contract commencing with Fiscal Year ending on September 30, 2006, and ending with Fiscal Year ending on September 30, 2010; and WHEREAS, the Agreement provides for the City, at its sole discretion, to renew term of the Agreement, upon the same terms and conditions, for up to five (5) additional one (1) year renewal terms; and WHEREAS, it is the City's best interest to renew the existing Agreement, with no increase to the Fee Compensation Schedule; and WHEREAS, as a result of Miami -Dade County Ordinance 05 -47 and the Children's Trust Contractual Agreement, there was a need to audit the Building Better Communities Bond Project for Fiscal Years ending September 30, 2006 through 2010; and the Children's Trust Program for Fiscal Years ending September 30, 2008 through 2010 WHEREAS, the proposed amendment will add the Building Better Communities Bond Project and the Children's Trust Program for the Fiscal Year ending September 30, 2011. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that Mayor and City Commission hereby approving and authorizing the Mayor and City Clerk to execute an amendment to the Professional Services Agreement between the City of Miami Beach, Florida and Mcgladrey & Pullen, LLP., dated October 26, 2006, for Independent Audit Services (the Agreement); said amendment revises Exhibit "B" of the original Agreement, entitled "Fee Compensation ", by adding an audit of the Building Better Communities Bond Project for the Fiscal Year ending on September 30, 2011, and an audit of the Children's Trust Fund Program for the Fiscal Year ending on September 30, 2011; and further approves the first year renewal option of the Agreement. PASSED AND ADOPTED this /'/iA day of S/ elnbeK 2011. ATTEST: ‘4 :in (AM. , • CITY CLERK _ =P 1 "". '9 ''4 MAYOR * INCORP CRATED• 7 s / ... APPROVED AS TO \°)." FORM & LANGUAGE & FOR ECUTION c i VII .1 - 'Attorney ;1e COMMISSION ITEM SUMMARY Condensed Title: A Resolution Accepting The Recommendation Of The City Manager And Authorizing the Mayor and City Clerk To Execute An Amendment To The Professional Services Agreement With McGladrey & Pullen, LLP., Option Further Approve The First Year Rene wal p tion Of The Agreement. Key Intended Outcome Supported: Improve the City's Overall Financial Supporting Data (Surveys, Environmental Scan, etc.): Issue: Shall the Mayor and City Commission adopt the Resolution? Item Summary /Recommendation: The Mayor and City Commission at its July 12, 2006 City Commission meeting, passed and adopted Resolution No. 2006 - 26247, which accepted the City Manager's recommendation pertaining to the ranking of firms pursuant to Request for Proposals (RFP) No. 23 -05/06 for Auditing Services; authorized the Administration to enter into negotiations with McGladrey & Pullen; and further authorized the Mayor and City Clerk to execute an agreement upon the completion of successful negotiations by the Administration. McGladrey & Pullen has agreed to maintain the same prices as last year for all audits. The City receives funds from the Children's Trust Fund Program and the Children's Trust requires an audit in accordance with the Children's Trust Contractual Agreements. The City receives funds from Miami -Dade County for the Building Better Communities Bond Project and the Building Better Communities Bond Project requires an audit in accordance with Miami -Dade County Ordinance 05 -47, applicable resolutions, and Building Better Communities Administration Rule. The cost for the aforementioned audit engagements are: Children's Trust Fund Program - $9,500 and Building Better Communities Bond Project - $8,000 ADOPT THE RESOLUTION. Advisory Board Recommendation: Financial Information: Source of Funds: Amount Account Approved 1 $155,323 011- 9310- 000312 $20,260 168- 9310- 000312 $20,260 480 - 9310 - 000312 $18,010 440 - 9310 - 000312 $9,000 Safe Neighborhood Projects/ 011- 9310- 000312 $9,500 Children Trust Grants/ 011- 9310- 000312 $8,000 Building Better Communities Projects / 011- 9310- 000312 OBPI Total $240,353 Financial Impact Summary: City Clerk's Office Legislative Tracking: Allison Williams, ext. 6608 Sign -Offs: Departm t 1 irector Assis nt City Manager City Manager AW A Al JMG GE PDW T:IAGENDA \2011 \9- 14- 11\McGladreyContr ctAmendmentSummary.docx emg/4 MI MAI BEAC H AGENDA ITEM C71 DATE 9—/V-1/ C- M IAMIBEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Matti Herrera Bower and Members of the City Commission FROM: Jorge M. Gonzalez, City Manager DATE: September 14, 2011 SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF MIAMI BEACH, FLORIDA AND MCGLADREY & PULLEN, LLP., DATED OCTOBER 26, 2006, FOR INDEPENDENT AUDIT SERVICES (THE AGREEMENT); SAID AMENDMENT REVISES EXHIBIT "B" OF THE ORIGINAL AGREEMENT, ENTITLED "FEE COMPENSATION ", BY ADDING AN AUDIT OF THE BUILDING BETTER COMMUNITIES BOND PROJECT FOR THE FISCAL YEAR ENDING ON SEPTEMBER 30, 2011, AND AN AUDIT OF THE CHILDREN'S TRUST FUND PROGRAM FOR THE FISCAL YEAR ENDING ON SEPTEMBER 30, 2011; AND FURTHER APPROVES THE FIRST YEAR RENEWAL OPTION OF THE AGREEMENT. ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND The Mayor and City Commission at its July 12, 2006 City Commission meeting, passed and adopted Resolution No. 2006 - 26247, which accepted the City Manager's recommendation pertaining to the ranking of firms pursuant to Request for Proposals (RFP) No. 23 -05/06 for Auditing Services; authorized the Administration to enter into negotiations with McGladrey & Pullen; and further authorized the Mayor and City Clerk to execute an agreement upon the completion of successful negotiations by the Administration. ANALYSIS The purpose of this resolution is to recommend the first year renewal of the contract with McGladrey & Pullen for auditing services pursuant to RFP No. 23 -05/06 and to amend the contract to add the Children's Trust Fund Program and Building Better Communities Projects audits. McGladrey & Pullen has agreed to maintain the same prices as last year for all audits. The City receives funds from the Children's Trust Fund Program and the Children's Trust requires an audit in accordance with the Children's Trust Contractual Agreements. The City receives funds from Miami -Dade County for the Building Better Communities Bond Project and the Building Better Communities Bond Project requires an audit in accordance with Miami -Dade County Ordinance 05 -47, applicable resolutions, and Building Better Communities Administration Rule. Amendment to McGladrey's Audit Services Contract September 14, 2011 Page 2 of 2 The cost for the aforementioned audit engagements are as follows: Children's Trust Fund Program - $9,500 Building Better Communities Bond Project - $8,000 Exhibit "B" to the Professional Services Agreement (PSA) with McGladrey & Pullen, entitled "Fee Compensation ", included eight (8) auditing services pursuant to RFP No. 23- 05/06: • The City's Basic Financial Statements included in the City's Comprehensive Annual Financial Report (CAFR); • Federal Grant Programs and State Projects (OMB A -133 Single Audit); • Miami Beach Redevelopment Agency's (RDA) Basic Financial Statements; • Parking Systems Funds' (PSF) Financial Statements; • Miami Beach Visitor and Convention Authority's (VCA) Financial Statements; • Miami Beach Convention Center (MBCC) and Fillmore Miami Beach at the Jackie Gleason Theater Financial Statements; and • The Safe Neighborhood Parks and Bond Program (SNP). The fee compensation for the eight (8) aforementioned auditing services were negotiated and incorporated as part of Exhibit "B" for the initial five -year contract commencing with Fiscal Year ending on September 30, 2006, and ending with Fiscal Year ending on September 30, 2010. The PSA's Term of Agreement provision allows for the City, at its sole discretion, to renew the Agreement, upon the same terms and conditions, for up to five (5) additional one (1) year renewal terms. It is recommended that the City Commission exercise its discretion and renew the first year of the Agreement, with no increase in McGladrey's fees. Attached please find revised Exhibit "B ", which adds the Fiscal Year ending on September 30, 2011. CONCLUSION The Administration recommends that the Mayor and City Commission adopt the attached Resolution which accepts the recommendation of the City Manager and authorizes the Mayor and City Clerk to execute an amendment to the Professional Services Agreement with McGladrey & Pullen for Independent Audit Services, and approves the first year renewal option of the agreement. T: IAGENDAl201119- 14- 111 McGladreyContractAmendment.docx EXHIBIT "B" REVISED BY AMENDMENT FEE COMPENSATION SERVICE FEES 2006 2007 2008 2009 2010 2011 1) Audit of City's $ 100,000 $103,000 $106,090 $109,273 $112,551 $112,551 Basic Financial Statement (CAFR) 2) OMB A -133 20,000 20,600 21,218 21,855 22,510 22,510 Single Audits 3) Management 2,000 2,060 2,122 2,186 2,252 2,252 Letter in Accordance with the Rules of the Auditor General of the State of Florida 4) Miami Beach 18,000 18,540 19,096 19,670 20,260 20,260 Redevelopment Agency (RDA) 5) Miami Beach 18,000 18,540 19,096 19,670 20,260 20,260 Parking Systems Funds (PSF) 6) Miami Beach 16,000 16,480 16,975 17,485 18,010 18,010 Visitor and Convention Authority (VCA) 7) Miami Beach 16,000 16,480 16,975 17,485 18,010 18,010 Convention Center and Jackie Gleason Theater of the Performing Arts, as Managed by SMG (SMG) 8) Safe 8,000 8,240 8,490 8,745 9,000 9,000 Neighborhood Parks Single Audit (SNP) 9) Building Better 8,000 8,000 8,000 8,000 8,000 8,000 Communities 10) Children's 9,500 9,500 9,500 9,500 Trust Total $206,000 $211,940 $227,562 $233,869 $240,353 $240,353