HomeMy WebLinkAboutAGENDA REPORT 2016 0601 CC REG ITEM 10G ITEM 10.G.
CITY OF R1OORPARK,CALIFORNIA
City Council Meeting
ACTION:
MOORPARK CITY COUNCIL e- em"
AGENDA REPORT
BY: _
TO: Honorable City Council
FROM: Ron Ahlers, Finance Director` 2
DATE: May 25, 2016 (City Council meeting of June 1, 2016)
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) 2015/16 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, Malody & 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 2015/16 audit shall cost a maximum of $8,000. This amount is included in the
proposed budget for FY 2016/17.
STAFF RECOMMENDATION
Authorize the City Manager to sign the engagement letter, subject to the final language
approval by the City Manager.
Attachment: RAMS Engagement Letter for City's Housing Assets Fund and Addendum
to Annual Progress Report required by Senate Bill 341 (SB341).
98
'A ROGERS.ANDERSON. MALODY& SCOTT. LLP
CERTIFIED PUBLIC ACCOUNTANTS.SINCE 1948
M S
May 25, 2016
735 E.Carnegie Dr.Suite 100
San Bernardino,CA 92408
909 889 0871 T
909 889 5361 F To the Honorable City Council
ramscpa.net City of Moorpark
799 Moorpark Avenue
Moorpark, California 93021
PARTNERS
Brenda L. Odle,CPA,MST
Terry P. Shea,CPA We are pleased to confirm our Understanding of the following audit and non-audit
Kirk A.Franks,CPA services We are to provide the City of Moorpark (the City), in addition to those
Scott W. Manno.CPA CGMA agreed to in our engagement letter dated May 25, 2016:
Leena Shanbhag,CPA.MST,CGMA
Bradford A.Welebir,CPA,MBA.CGMA 1) Preparation of the City's Housing Assets Fund audited financial statements
Jay H. Zercher,CPA(Partner Emeritus)
Phillip H. Waller,CPA(Partner Emeritus) (an audit service).
MANAGERS/STAFF 2) Addendum to Annual Progress Report required by Senate Bill 341 (SB 341)
Jenny Liu,CPA.MST (a non-audit service).
Seong-Hyea Lee,CPA MBA
Charles De Simoni,CPA We expect to begin these additional services on approximately May 25, 2016.
Nathan Statham,CPA MBA Terry Shea, CPA is the engagement partner and is responsible for supervising the
Brigitte Bertha,CPA
engagement and si signing the reports or authorizinganother individual to sign them.
Gardenya Duran,CPA 9 9 P
Juan Romero,CPA
Ivan Gonzales,CPA,MSA We estimate our fee for these additional services will range between $5,000 and
Brianna Pascoe,CPA $8,000.
Daniel Hernandez,CPA MBA
Ryan Smith,CPA All other provisions included in the original engagement letter dated May 25, 2016
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 51 i
American Institute of
Certified Public Accountants Terry ea, CPA
PCPS The AICPA Alliance
for CPA Firms RESPONSE:
Governmental Audit This letter correctly sets forth the understanding of the City of Moorpark.
Quality Center
California Society of
Certified Public Accountants
By:
Title:
Date:
99
STABILITY. ACCURACY. TRUST.