I. RECOMMENDATION:
Staff recommends approval of the proposal received from MuniTemps Municipal Staffing Solutions for accounting services related to the preparation for the Fiscal Year 2017-2018 Audit.
II. BACKGROUND:
The City has previously used MuniTemps for the preparation of past audits and to fill the interim vacancy of the Financial Services Director position.
III. DISCUSSION:
Additional assistance is needed in the Finance Department to prepare and complete the audits in an expeditious manner to minimize the risk of losing grant funding. MuniTemps is familiar with the City’s books and can step in and assist to complete the preparation for the Fiscal Year 2017-2018 audit. The preparation of the audit requires complex reconciliations and entries in the areas of accounts receivable, accounts payable, payroll, utility billing, debt service, capital assets and grants.
IV. ALTERNATIVES:
V. FISCAL IMPACT:
Total amount of the proposal is a not to exceed amount of $40,000. The fiscal impact to the General Fund will be $4,000 (10%) due to the allocation used. The remaining allocations will be applied to the Water (20%), Gas (17.50%), Wastewater (11.50%), Sanitation (1%), Transit (20%), and the RDA (20%) funds with the respective percentages. |