HomeMy WebLinkAboutD-2. FARECal Accounting ServicesUB-9
APPROVED
UB 2/23/15
Firm Fees
1.Vasquez & Company, LLP (Los Angeles)
2. Vicenti Lloyd & Stutzman, LLP (Glendora)
3.James Marta & Company, LLP (Sacramento)
$34,360
$32,800
$36,860
Pursuant to California Government Code Section 4528 relating to professional services qualification-
based selection process whereby a local agency may negotiate the price with the best qualified firm,
including the Azusa Municipal Code Section 2-514 wherein City may consider cost of professional
services to be a relevant factor, staff proceeded to negotiate the service fee with Vasquez &
Company, LLP. They agreed to a not-to-exceed amount of $31,283 based on review of their worked
hours in the past and that FARECal does not anticipate any further debt-related activity by its
member agencies which would impact the level of effort required.
The incumbent firm, Vasquez & Company, LLP, has experience in providing accounting services for
FARECal and satisfactory performance in the past. Thus, staff recommends that the Utility Board
award a 4-year contract to Vasquez & Company, LLP in an amount not-to-exceed $31,283 (over 4
years) for FARECal accounting services for Fiscal Years 2014-15 through 2017-18.
FISCAL IMPACT
The total fiscal impact is not-to-exceed $31,283 for four fiscal years, 2014-15 through 2017-18 with
the following cost breakdown:
FY 2014-15: $7,590
FY 2015-16: $7,742
FY 2016-17: $7,897
FY 2017-18: $8,054
Funds for the current year are budgeted and available in account 31-40-702-921-6399. Remaining
years will be budgeted accordingly.
Prepared by: Steven Yang, Senior Management Analyst
Reviewed by: Talika Johnson, Utilities Administrative and Financial Services Manager
UB-10