04-03-07 Item 26South Miami
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CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER- OFFICE MEMORANDUM 2001
To: The Honorable Mayor Feliu and Members of the City Commission
From: Yvonne S. McKinley, City Manager
Date: April 3, 2007 Agenda Item No.: -49
Subject: Budget for Forensic Audit of up to $200,000.
Resolution: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF SOUTH MIAMI, FLORIDA, AUTHORIZING UP TO $200,000
FROM THE CASH RESERVE ACCOUNT (UNDESIGNATED FUND
BALANCE) FOR FORENSIC AUDIT; PROVIDING FOR AN
EFFECTIVE DATE
Request: Authorizing up to $200,000 from the Cash Reserve Account (undesignated Fund
Balance).
Reason /Need: For the Forensic Audit requested by the City Commission via attached
resolution number 26 -06- 12167.
Cost: $200,000.00
Funding Source: The City's Cash Reserve (undesignated fund balance).
Backup Documentation:,
❑ Proposed Resolution
❑ Adopted Resolution Number 26 -06 -12167
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RESOLUTION NO.:
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
SOUTH MIAMI, FLORIDA, AUTHORIZING UP TO $200,000 FROM THE
CASH RESERVE ACCOUNT (UNDESIGNATED FUND BALANCE) FOR
FORENSIC AUDIT; PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Mayor and City commission wishes to perform Forensic Audit on the City's
Finances; and
WHEREAS, the Mayor and City Commission authorize the use of up to $200,000 from the Cash
Reserve account (undesignated fund balance) for Forensic Audit.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF
THE CITY OF SOUTH MIAMI, FLORIDA THAT:
Section 1: That the Mayor and City Commission authorize the use of up to $200,000 from the
Cash Reserve account (undesignated fund balance) for Forensic Audit.
Section 2: That the attached exhibit is incorporate by reference into this resolution.
PASSED AND ADOPTED this
ATTEST:
CITY CLERK
READ AND APPROVED AS TO FORM
Luis R. Figueredo,
Nagin Gallop & Figueredo, P.A.
Office of City Attorney
Include File Name and Path
day of
APPROVED:
MAYOR
COMMISSION VOTE:
Mayor Feliu:
Vice Mayor Wiscombe:
Commissioner Palmer:
Commissioner Birts:
Commissioner Beckman:
RESOLUTION NO. 2 6- 0 6 -1216 7
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF SOUTH MIAMI, FLORIDA, RELATING TO HIRING A FORENSIC
AUDITOR; AUTHORIZING THE ISSUANCE OF AN RFQ FOR
PROFESSIONAL FORENSIC AUDITING SERVICES; AND PROVIDING
AN EFFECTIVE DATE.
WHEREAS, the Mayor and City Commission of the City of South Miami desire, in good
faith, to conduct a forensic audit of the finances of the City to ensure the current and future health
of the city, and,
WHEREAS, it is in the 'best interest of the city to periodically hire a qualified forensic
accountant to conduct an audit of the city's finances in order to ensure continued compliance with
federal, state, county laws, and the city's charter; and
WHEREAS, the Mayor and City Commission desire to develop an RFQ for a ,qualified
forensic auditor.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA;
Section 1. The above whereas clauses are incorporated by reference into this
resolution.
Section 2. City staff is instructed to prepare a request for qualifications (RFQ) for
forensic accounting services, which RFQ 'shall be presented to the city commission, for its
approval, at the next city commission meeting. The RFQ, upon approval, shall be advertised and
distributed. The city commission shaR may then select a qualified forensic accountant to conduct
a designated two yea review and forensic audit of all departments of the City of South Miami.
The forensic accountant shall prepare a final written report that shall include `findings and
recommendations.
Section 3. This resolution shall take effect immediately upon approval.
PASSED AND ADOPTED this_ t"hday of March, 2006.
TTEST: APP OVED:
C,
Y CLE MAYOR
COMMISSION VOTE: 5-0
AND APPROVE Mayor Feliu: Yea
Vice Mayor Wiscombe: Yea
Commissioner Birts: Yea
L . Figueredo, office of city rney Commissioner Palmer: Yea
Nagin, Gallop & Figueredo, P.A. Commissioner Beckman: Yea
Additions shown by underlining and deletions shown by evestiI .