HomeMy WebLinkAboutAGENDA REPORT 2015 0701 CCSA REG ITEM 10Q ITEM 10.Q,
CITY OF MOORPARK,CALIFORNIA
City Council Meeting
MOORPARK CITY COUNCIL of 9-/-,40/6
AGENDA REPORT ACTION: Q ,..ese .d7,n
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TO: Honorable City Council �f
FROM: Ron Ahlers, Finance Director "�
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DATE: June 24, 2015 (City Council meeting of July 1, 2015)
SUBJECT: Consider Engagement Letter for City's Housing Assets Fund and
Addendum to Annual Progress Report, Senate Bill 341 (SB341) from
External Auditors for Fiscal Year (FY) 2014/15 Audit
BACKGROUND
Annually the City of Moorpark engages the services of a CPA firm to perform an audit of
the financial statements of the City. The City contracts with the firm of Rogers,
Anderson, Melody & Scott, LLP Certified Public Accountants (RAMS) for these services
for a five year period. The attached letter specifies the performance of the audit in
regards to: the audited financial statements for the City's Housing Assets Fund and
Addendum to Annual Progress Report required by Senate Bill 341 (SB341).
DISCUSSION
Auditing standards (SAS 114) require that communications from the audit firm be sent
to the governing board of the corporation. The attached engagement letter requires the
signature of a City official. Staff recommends that the City Council authorize the City
Manager to sign the engagement letter.
FISCAL IMPACT
The FY 2014/15 audit shall cost a maximum of $8,000. This amount is included in the
proposed budget for FY 2015/16.
STAFF RECOMMENDATION
Authorize the City Manager to sign the engagement letter, subject to the final language
approval by the City Manager and City Attorney.
Attachment: RAMS Engagement Letter for City's Housing Assets Fund and Addendum
to Annual Progress Report required by Senate Bill 341 (SB341).
626
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ROGERS,ANDERSON, MALODY& SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS, SINCE 1948
M S
June 22, 2015
735 E.Carnegie Dr.Suite 100
San Bernardino,CA 92408 To the Honorable City Council
909 889 0871 T City of Moorpark
909 B89 5361 F 799 Moorpark Avenue
ramscpa.net Moorpark, California 93021
PARTNERS We are pleased to confirm our understanding of the following audit and non-audit
Brenda L.Odle,CPA,MST services we are to provide the City of Moorpark (the City), in addition to those
Terry P. Shea,CPA agreed to in our engagement letter dated June 22, 2015:
Kirk A.Franks,CPA
Scott W Marino,CPA,CGMA
Leena Shanbhag,CPA,MST,CGMA 1) Preparation of the City's Housing Assets Fund audited financial statements
Jay H.Zercher. CPA(Partner Emeritus) (an audit service).
Phillip H.Waller,CPA(Partner Emeritus)
2) Addendum to Annual Progress Report required by Senate Bill 341 (SB 341)
MANAGERS/STAFF (a non-audit service).
Bradferd A.Welebir,CPA.MBA
Jenny Liu,CPA.MST We expect to begin these additional services on approximately June 22, 2015.
Seong-Hyea Lee.CPA,MBA Terry Shea, CPA is the engagement partner and is responsible for supervising the
Charles De Simoni,CPA
engagement and si signing the reports or authorizinganother individual to sign them.
'Gann Fang,CPA g 9 p
Nathan Statham,CPA.MBA
Brigitta Bartha.CPA We estimate our fee for these additional services will range between $5,000 and
Gardenya Duran,CPA $8,000.
Juan Romero,CPA
Ivan Gonzales,CPA.MSA All other provisions included in the original engagement letter dated June 22, 2015
Brianna Pascoe,CPA also apply to these additional services.
We appreciate the opportunity continue to be of service to the City and believe this
letter accurately summarizes the additional services to be added to our original
engagement. If you have any questions, please let us know.
If you agree with the terms of the additional services as described in this letter,
please sign the enclosed original and return it to us. Keep the copy for your
records.
Very truly yours,
ROGERS, ANDERSON, MALODY& SCOTT, LLP
MEMBERS
Terry S
VS a, CPA
American Institute of
Certified Public Accountants
RESPONSE:
PCPS The AICPA Alliance
for CPA Firms This letter correctly sets forth the understanding of the City of Moorpark.
Governmental Audit
Quality Center
California Society of By:
Certified Public Accountants
Title:
Date:
627
STABILITY. ACCURACY_ TRUST.