HomeMy WebLinkAboutAGENDA REPORT 2017 0621 CCSA REG ITEM 10D ITEM 10.D.
CITY OFMOORPARK,CALIFORNIA
MOORPARK CITY COUNCIL City Council Meeting
AGENDA REPORT
ACTION: A. .
TO: Honorable City Council Ear
FROM: Ron Ahlers, Finance Director(
DATE: June 6, 2017 (City Council meeting of June 21, 2017)
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) 2016/17 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.
Council recently extended the contract with RAMS to six years, which includes FY
2016-17. 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 2016/17 cost is a maximum of $7,000 for the audited financial statements for
the City's Housing Assets Fund and Addendum to Annual Progress Report. This
amount is included in the proposed budget for FY 2017/18.
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).
99
RA ROGERS, ANDERSON, MALODY&SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS•, SINCE 101
M S .
June 5, 2017
735 E. Carnegie Dr.Suite 100
San Bernardino,CA 92408 To the Honorable City Council
909 889 0871 T City of Moorpark
909 889 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 agreed to
Terry P.Shea,CPA in our engagement letter dated June 5, 2017:
Kirk A. Franks,CPA
Scott W.Manno,CPA.CGMA 1) Preparation of the City's Housing Assets Fund audited financial statements (an
Leena Shanbhag,CPA. MST,CGMA audit service).
Bradferd A.Welebir,CPA,MBA,CGMA
Jay N.Letcher,CPA(Partner Emeritus) 2) Addendum to Annual Progress Report required by Senate Bill 341 (SB 341) (a
Phillip H.Waller,CPA(Partner Emeritus)
non-audit service).
MANAGERS/STAFF
Jenny Liu,CPA,MST We expect to begin these additional services on approximately June 5, 2017.Terry Shea,
Seong-Hyea Lee,CPA,MBA CPA is the engagement partner and is responsible for supervising the engagement and
Charles De Simoni,CPA signing the reports or authorizing another individual to sign them.
Nathan Statham,CPA,MBA
Gardenya Duran,CPA We estimate our fee for these additional services will be$4,000 for Addendum to Annual
Brianna Schultz,CPA Progress Report and $3,000 for Preparation of the City's Housing Assets Fund Audited
Lisa Dongxue Guo,CPA.MSA
Financial Statements.
All other provisions included in the original engagement letter dated June 5, 2017 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.
In the event there is a conflict between the provisions of this Engagement Letter and the
Professional Services Agreement between the City of Moorpark and the firm of Rogers,
Anderson, Malody & Scott, LLP, dated April 19, 2012, the language contained in the
Professional Services Agreement shall take precedence.
Very truly yours,
ROGERS,ANDERSON, MALODY& SCOTT, LLP
MEMBERS
American Institute of
Certified Public Accountants
PCPS The AICPA Alliance Terry She , CPA
for CPA Firms
Governmental Audit RESPONSE:
Quality Center
California Society of This letter correctly sets forth the understanding of the City of Moorpark.
Certified Public Accountants
By:
Title:
100
Date:
STABILITY. ACCURACY. TRUST.