REPORT TO COUNCIL
SUBJECT
Title
Award a Contract to Macias Gini and O'Connell LLP in an amount not to exceed $382,243 for Annual Financial Auditing Services (F20-142)
Report
REPORT IN BRIEF
Approval is requested to award a contract in an amount not-to-exceed $382,243 to Macias Gini and O'Connell LLP, of Walnut Creek, for annual financial auditing services during fiscal year 2019/20, 2020/21 and 2021/22.
EXISTING POLICY
Pursuant to Section 2.08.40 of the Sunnyvale Municipal Code, City Council approval is required for the procurement of goods and/or services exceeding $100,000 in any one transaction.
Consistent with the provision of Sunnyvale Municipal Code Section 2.08.070(b)(1), contracts for the procurement of professional or specialized services may be exempted from the competitive proposal process.
City Charter Section 1318 and certain government grants require an annual audit of the City's financial transactions and records by an independent Certified Public Accountant and issuance of a final report at the conclusion of the audit. An independent audit is conducted in accordance with generally accepted auditing standards in the United State of America and the standards applicable to financial audits contained in Governmental Auditing Standards issued by the Comptroller General of the United States. Moreover, the financial audits provide relevant financial information to City residents, creditors, investors, City Council, City staff, and other concerned readers.
ENVIRONMENTAL REVIEW
The action being considered does not constitute a "project" within the meaning of the California Environmental Quality Act ("CEQA") pursuant to CEQA Guidelines section 15378 (b) (4) in that it is a fiscal activity that does not involve any commitment to any specific project which may result in a potential significant impact on the environment.
BACKGROUND AND DISCUSSION
The City awarded a five-year contract with two additional years for annual financial auditing ser...
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