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P.H. 2016-95: (PUBLIC HEARING 1ST READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE AN AGREEMENT FOR INDEPENDENT AUDITING SERVICES BETWEEN THE CITY OF POMPANO BEACH AND MARCUM LLP; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $630,042 Maximum for Five Years)
SECOND READING: SEPTEMBER 27, 2016
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(Staff Contact: Suzette Sibble)
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Summary Explanation/Background:
This item is an Ordinance of the City Commission of the City of Pompano Beach, Florida, approving and authorizing the proper City officials to execute an agreement for independent auditing services between the City of Pompano Beach and Marcum, LLP, Providing for severability; Providing an effective date. Please note second reading is being done prior to first reading to allow adequate time to advertise and ensure the City audit timeline progresses without delay.
Origin of request for this action: Finance Department
Fiscal impact and source of funding: Maximum for five years $630,042. $116,976 for fiscal year 2016 audit, with additional years 2017 through 2020, being increased according to change in the consumer price index, not to exceed 3%.