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Approve a contract with Eide Bailly, LLP for audit services for fiscal years ended June 30, 2020, 2021, and 2022 with an option to extend for an additional 2 years; and Authorize the County Administrator to execute the contract and any subsequent amendments
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The Auditor-Controller recommends that the Board of Supervisors approve the contract with Eide Bailly, LLP for audit services for the fiscal years ended June 30, 2020, 2021, and 2022 with an option to extend for an additional 2 years, for a total contract term of no more than 5 years; and authorize the County Administrator to execute the contract and any subsequent amendments.
SUMMARY:
The Auditor-Controller is requesting approval for a new contract with Eide Bailly, LLP to audit the County's Comprehensive Annual Financial Report (CAFR), Single Audit Report, and Report on Applying Agreed-Upon Procedures, for the fiscal years ended June 30, 2020, 2021, and 2022.
The County reserves the right to extend this contract for an additional two years, provided that the County notifies Eide Bailly, LLP in writing of its intention to do so at least ninety (90) days prior to the contract expiration date.
FINANCIAL IMPACT:
The proposed all-inclusive fee for audit services will not exceed $98,000 for the fiscal year ended June 30, 2020, and each fiscal year thereafter, for a total contract amount of $294,000 for three years, and a maximum of $490,000 for a total of five years, if the 2 year extension is optioned. The annual cost for the audit services will be included in the Auditor-Controller's Recommended Budget.
DISCUSSION:
In January 2020, the County completed a 5 year contract with Eide Bailly, LLP (formerly Vavrinek, Trine, Day & Co., LLP), for audit services for the fiscal years ended June 30, 2015 through June 30, 2019.
In March 2020, after the completion of the...
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