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HomeMy WebLinkAbout99-03 RESOLUTION No. 9 9-0 3 A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS AUTHORIZING A ONE-YEAR EXTENSION OF AN AGREEMENT WITH VAVRINEK, TRINE,DAY& CO.,LLP FOR THE 2004 FISCAL YEAR WHEREAS, the City Council of the Town of Los Altos Hills entered into an agreement with Vavrinek,Trine, Day &Co., LLP (VTD) for audit services for fiscal years 2001 through 2003, and WHEREAS, VTD has provided such audit services in a professional and timely manner and has gained experience with the Town's financial records and systems, and WHEREAS, the Town will be required to implement Statement 34, "Basic Financial Statements-and Management's Discussion and Analysis -For State and Local Governments," issued by the Governmental Accounting Standards Board for fiscal year 2004, and WHEREAS, it would be in the Town's best interests to extend the term of the agreement with VTD by one year; NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby authorize the City Manager on behalf of the Town to extend the term of the Agreement between the Town of Los Altos Hills and Vavrinek, Trine,Day &Co., LLP by one year in accordance with the terms of the Agreement entered into on May 17, 2001 for a cost not to exceed$23,540. REGULARLY PASSED AND ADOPTED this 18th day of December, 2003. / BY: Mayor de A ES : City Clerk 1111