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City of San Leandro <br />Meeting Date: May 7, 2018 <br />Staff Report <br />Agenda Section:File Number:18-195 CONSENT CALENDAR <br />Agenda Number:8.G. <br />TO:City Council <br />FROM:Jeff Kay <br />Interim City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for Resolution Approving the Agreement between the City of San <br />Leandro and Maze & Associates for Audit Services effective July 1, 2018 <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council review and approve the agreement between the City of <br />San Leandro and Maze & Associates (Maze) for Audit Services effective July 1, 2018. <br />BACKGROUND <br />On June 20, 2011, City Council approved a three-year consulting services agreement with Maze <br />for Audit Services of City funds with an option for 2 one-year extensions. This selection was after <br />an exhaustive Request for Proposal (RFP) process and approval by the Finance Committee on <br />June 6, 2011. Maze was selected not only for their extensive auditing and consulting experience <br />with municipalities and other non-profits, but also their broad private sector experience in <br />industries such as banking and commercial enterprises. The City desired a firm with both <br />municipal and private sector experience. Moreover, a firm with a high level of city experience <br />ensures that the auditors are current with municipal best practices and the latest Governmental <br />Accounting Standards Board Pronouncements (GASB Policies). <br />On October 3, 2016, City Council approved a two-year extension through 2016-17. <br />Originally, Council approved Maze estimated annual costs to the City of $55,910 for 2010-11 <br />audit services, $56,748 for 2011-12 audit services, and $57,599 for 2012-13 audit services. Due <br />to increased complexity arising from dissolution of Redevelopment and new GASB <br />pronouncements (i.e. GASB 68), the actual costs were higher in the years presented and rose to <br />$85,545 for 2013-14 audit services and $84,657 for 2014-15 audit services. In 2015-16 and <br />2016-17, Maze audit fees lowered to $76,689 per year. <br />Page 1 City of San Leandro Printed on 5/1/2018 <br />1448