Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Juan Raigoza, Controller
Subject: Amendment to the Agreement with Macias Gini & O'Connell, LLP
RECOMMENDATION:
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Adopt a resolution authorizing and directing the President of the Board to execute an amendment to the agreement with Macias Gini & O'Connell, LLP to provide additional professional financial auditing services to the County and to increase the County's maximum fiscal commitment by $75,000 for a new total contract amount of $1,532,500.
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BACKGROUND:
The County Charter (Article VI, Section 603) provides that the Board of Supervisors shall have an annual audit made by a certified public accountant and the auditor shall report on the County's financial transactions and records and the effectiveness of internal controls. In compliance with this requirement, the County has previously contracted with outside professional auditing firms to review and report on the County's financial statements.
On May 23, 2023, the Board adopted Resolution No. 079628, authorizing an agreement with Macias Gini & O'Connell, LLP (MGO) to provide professional financial auditing services to the County for the term of May 23, 2023 through May 22, 2025, for payments in an amount not to exceed $957,250, with an option to extend the agreement at the County's election for one additional year through May 22, 2026 for an additional $500,250.
Under the agreement (the "Agreement") entered into pursuant to Resolution No. 079628, MGO is required to audit the County's Annual Comprehensive Financial Report, San Mateo Medical Center Audit Report, San Mateo County Joint Power Finance Authority, all District Attorney's Grant Reports, Single Audit Report (up to 7 programs), Local Transportation Fund; performing Agreed Upon Procedures of Investment Policy Report, Report on Appropriation Limit; and issuing Management Letter. MGO is also required to issue reports to th...
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