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HomeMy WebLinkAbout27-16 RESOLUTION 27-16 A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS AUTHORIZING THE MAYOR TO EXECUTE A THREE-YEAR AUDIT SERVICE CONTRACT WITH MAZE &ASSOCIATES FOR FISCAL YEARS ENDING JUNE 30, 2016, 2017 AND 2018,IN THE AMOUNT OF $45,036, $46,387 AND $47,778, RESPECTIVELY WHEREAS, the City Council of the Town of Los Altos Hills is required per Government Code §53891 to annually provide an audited financial report within seven months after the close of each fiscal year; and WHEREAS, the Vavrinek, Trine, Day & Co., was engaged as the Town's auditors since fiscal year ended June 30, 2001; and WHEREAS, audit service contract extensions were made in 2005, 2007, and annually thereafter; and WHEREAS, a competitive bid request was completed for audit services for fiscal year ending June 30, 2016, 2017 and 2018; and WHEREAS, an Ad Hoc Audit Committee was formed by the City Council on March 21, 2016 to evaluate and select the Town's next audit firm; and WHEREAS, the Ad Hoc Committee met five times since the creation to review, interview, and select the Town's next audit firm; and WHEREAS, the Finance and Investment Committee confer with the decision of the Ad Hoc Committee, as presented on May 2, 2016; and NOW, THEREFORE, BE IT RESOLVED, by the City Council of the Town of Los Altos Hills that the Mayor is hereby authorized on behalf of the Town to enter into a three-year audit service contract with Maze & Associates for fiscal years ending June 30, 2016, 2017, and 2018, in the amount of $45,036, $46,387 and $47,778, respectively. Total value of the contract is $139,201. The above and foregoing Resolution was passed and adopted by the City Council of the Town of Los Altos Hills at a regular meeting held on 19th day of May, 2016 by the following vote: AYES: Harpootlian, Waldeck, Corrigan, Radford, Spreen NOES: None ABSENT: None ABSTAIN: None BY: --. iiI • Harpootlian, Mayor Resolution 27-16 Page 1 ATTEST: 0/0/, Deborah Padovan, City Clerk 2