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Chief Administrative Office, with concurrence of the Audit Committee, recommending the Board:
1) Make findings in accordance with Section 3.13.030 (F) that contracting out is necessary to protect against a conflict of interest or to ensure independent and unbiased findings where there is a need for an outside perspective;
2) Award Request for Proposal 24-0058 to the successful proposer, Lance, Soll & Lunghard, LLP of Brea, CA for the provisions of independent professional audit services related to the examination of annual financial statements countywide;
3) Approve and authorize the Purchasing Agent to sign Agreement for Services 8966 with Lance, Soll & Lunghard, LLP for audit services related to the examination of annual financial statements countywide, with an amount not to exceed $440,300, for a term of three (3) years, commencing upon the execution of the agreement, with the option to extend by one (1) additional two (2) year period;
4) Authorize the Purchasing Agent to execute any necessary amendments to said agreement, excluding term extensions and increases to the not-to-exceed amount, contingent upon approval by County Counsel and Risk Management;
5) Make findings that a competitive bidding process for financial audit services related to the County’s ambulance service providers would produce no economic benefit to the County, and therefore is exempt from competitive bidding in accordance with Section 3.4.3 of Procurement Policy C-17; and
6) Authorize the Purchasing Agent to negotiate a contract with Lance, Soll & Lunghard, LLP for audit services related to the County’s ambulance service providers,
FUNDING: General Fund.
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DISCUSSION / BACKGROUND
County-Wide Audit Services
The County adheres to the accounting principles, standards, and procedures prescribed by the State Controller’s Office as set forth in its manual Accounting Standards and Procedures for Counties, which conforms to Generally Accepted Accounting Principles (GAAP).
Pursu...
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