HomeMy WebLinkAboutAgenda Report - July 16, 2003 E-07gp,
AGENDA TITLE; Adopt resolution authorizing the City Manager to execute an
agreement with Macias, Gini & Company LLP to audit the City's
financial records for the next five years beginning fiscal yearending
June 30, 2003 ($77,400) (FIN)
MEETING DATE,
PREPARED BY;
0100HOWIM
�kECOMMENDED ACTION: By motion action, the City Council authorize the City M anager
to enter into an agreement with Macias, Gini & Company, LLP
to audit the City's financial records for the next five years
beginning the fiscal year ending June 30, 2003
BACKGROUND INFORMATION: The contract with KPMG LLP, our current auditing firm,
expired upon the completion of the audit of fiscal year ending June 30, 2002. The council
authorized staff to go out for bid in January 2003, On May 27, 2003, the City received 3:bids for
the Financial Audit.
The proposals were carefully reviewed and rated by a committee comprised of four people that
included one Council: member, a finance professional, the Finance Director and the Accounting
Manager,
V
Based on the criteria and interviews, the committee recommends that the Council: accept th;;
bid proposed by Macias, Gini & Company LLP.
FUNDING: Current Operating Budget.
RESOLUTION NO. 2003-133
A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING THE CITY MANAGER TO EXECUTE AN
AGREEMENT WITH MACIAS, GINI & COMPANY LLP TO
AUDIT THE CITY OF LODI FINANCIAL RECORDS FOR
THE NEXT FIVE YEARS BEGINNING FISCAL YEAR
ENDING JUNE 30, 2003
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the City Manager to execute an agreement with Macias, Gini & Company LLP
to audit the City of Lodi Financial Records for the next five years beginning fiscal year
ending June 30, 2003.
Dated: July 16, 2003
I hereby certify that Resolution No. 2003-133 was passed and adopted by the
City Council of the City of Lodi in a regular meeting held July 16, 2003, by the following
vote:
AYES: COUNCIL MEMBERS — Beckman, Hansen, Howard, and Land
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — Mayor Hitchcock
ABSTAIN: COUNCIL MEMBERS — None
SUSAN J. BLACKSTON
City Clerk
2003-133