DATE: July 9, 2019
TO: Board of Supervisors
SUBMITTED BY: Jean M. Rousseau, County Administrative Officer
SUBJECT: Agreement for Independent Auditor Services
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize the chairman to execute an agreement with Brown Armstrong Accountancy Corporation to provide audit services in the amount of $198,000 for Fiscal Year 2018-19 with the possibility of four one year extensions in the amount of $198,000 per year not to exceed $990,000.
2. Authorize the County Administrative Officer to execute certain amendments to the agreement with Brown Armstrong Accountancy Corporation for each of the one-year extension periods.
REPORT
Approval of the recommended actions will allow the County to continue to file timely Comprehensive Annual Financial Reports with the Government Finance Officers Association (CAFR). The audited CAFR's demonstrate compliance with generally accepted accounting principles and allows the County to apply for grants and external debt financing.
ALTERNATIVE ACTION(S):
There is no other viable option. Failure to approve the external auditor contract would result in unaudited financial statements that would impair the County's ability to file timely financial statements, obtain grant funding, and obtain external financing.
FISCAL IMPACT:
The recommended Fiscal Year 2019-20 budget will include appropriations in the Interest and Miscellaneous Org. 2540 to cover the costs associated with these audits. A portion of these costs will be recovered through the Countywide Cost Allocation Plan via billing to federal and state agencies and County related entities, some of which will result in department revenues, and some will result in future countywide revenues. There will be additional cost recovery from the following entities: Zoo Authority ($2,800), In-Home Supportive Services Public Authority ($3,500), Coalinga and Southeast Region Sites ($3,500), California Emergency Management Agency and Transportation...
Click here for full text