Title
MOTION TO APPOINT MEMBERS TO THE AUDITOR SELECTION COMMITTEE INCLUDING A MEMBER OF THE CITY COMMISSION TO SERVE AS CHAIR.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. The City's External Audit contract with GLSC & Company, PLLC is set to expire on June 30th, 2024, and does not provide for any further renewals.
2. The City is required to procure the services of an Independent Auditor using the Auditor selection procedures per Florida Statutes 218.391 which requires that an Audit Committee be established.
3. On December 6th, 2023, the City Commission adopted Resolution No 3849, establishing the Auditor Selection Committee to be comprised of comprised of three (3) members:
1. A member of the City Commission to serve as Chair of the Committee.
2. One (1) member from the community with experience and knowledge relevant to municipal accounting and financial matters. The community member shall be a resident of the City and shall be nominated by a majority of the members of the City Commission. City Commission shall make such appointment to the committee as it deems appropriate, and
3. One (1) member who is currently employed or has been employed in the public sector with professional experience related to governmental accounting, auditing, financial reporting, budgeting, financial services, and related experience or credentials.
4. Employees of the City may only provide services to the committee in an advisory capacity.
4. The City Clerk advertised the position and to date we have the following applications:
1. Ms. Larissa Chanzes, Technology Support Specialist-Business Owner - Resident
2. Ms. Winsome Freeman, Assistant Director of Finance, City of Miramar -Non Resident
3. Mr. Eduardo Castaneda,Senior Audit Manager MSL CPAs and Advisors, Commission Auditor
4. Mr. Miguel A. Augustin, Accountant, Broward County Clerk of Courts -Resident
5. Recommend the City Commission appoint these community professionals to the Auditor Selection Committee and appoint a member of the City Commission to serve as Chair.
Financial Impact
FINANCIAL IMPACT DETAIL:
a) Initial Cost: None
b) Amount budgeted for this item in Account No: Not Applicable
c) Source of funding for difference, if not fully budgeted: Not Applicable
d) 5 year projection of the operational cost of the project Not Applicable
e) Detail of additional staff requirements: Not Applicable
FEASIBILITY REVIEW:
A feasibility review is required for the award, renewal and/or expiration of all function sourcing contracts. This analysis is to determine the financial effectiveness of function sourcing services.
a) Was a Feasibility Review/Cost Analysis of Out-Sourcing vs. In-House Labor Conducted for this service? Not Applicable
b) If Yes, what is the total cost or total savings of utilizing Out-Sourcing vs. In-House Labor for this service? Not Applicable