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Chief Administrative Office recommending the Board:
1) Approve and authorize the Chair to sign retroactive Amendment I to Agreement 8966 with LSL LPP, formerly Lance, Soll & Lunghard, LLP, to update the vendor’s name and address, to remove progress reporting requirements, and to increase compensation by $185,000;
2) Authorize the Purchasing Agent to execute any necessary amendments to said agreement, excluding term extensions and increases to compensation, contingent upon approval by County Counsel and Risk Management.
FUNDING: General Fund.
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DISCUSSION / BACKGROUND
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 adheres to Generally Accepted Accounting Principles (GAAP).
Pursuant to Government Code section 25250, the Board of Supervisors is required by law to at least biennially “examine and audit, or cause to be audited, the financial accounts and records of all officers having responsibility for the care, management, collection or disbursement of money belonging to the county or money received or disbursed by them under the authority of law.” The Board may employ the services of an independent certified public accountant or licensed public accountant to perform this examination in accordance with generally accepted auditing principles.
As a result of Request for Proposal (RFP) 24-0058, on September 17, 2024, the Board authorized Agreement 8966 with Lance, Soll, & Lunghard, LLP for financial auditing services. Agreement 8966 has a term of three years, with the option to extend by one additional two-year period. The Chief Administrative Office is requesting retroactive Amendment I to Agreement 8966, effective as of the original contract execution date, September 20, 2024, to update the vendor’s name and address, remove all language which requires the vendor to submit progress reports, and to inc...
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