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Annual Audit Committee of the County of El Dorado recommending the Board approve the following:
1) Award RFP 19-961-058 to the successful proposer, CliftonLarsonAllen, LLP, of Roseville, CA, for the provision of independent professional financial audit services;
2) Authorize the Chief Administrative Officer, or designee, to negotiate an Agreement for Services with CliftonLarsonAllen, LLP for a term of three (3) years with the option to extend for one (1) option period of two (2) years, in a total amount not to exceed $209,750 for the initial three (3) year term; and
3) Authorize the Purchasing Agent to execute said Agreement, contingent upon Counsel and Risk Management review and approval and minor revisions.
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 conforms 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.
Section 925 of the California Penal Code provides that the “Grand Jury shall investigate and report on the operations, accounts and records of the officers, departments, or functions of the county” however, they may not duplicate any examination of financial statements that has been performed by or for the Board of Supervisors. In recognition of the Grand Jury’s role in r...
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