HomeMy WebLinkAboutContract 44790-A1 (2)cm SECRETARY
CONTRACT NO. "/441 IC '
AMENDMENT TO
CITY SECRETARY CONTRACT NO. 44790
CITY OF FORT WORTH
DELOITTE & TOUCHE, LLP
INDEPENDENT AUDIT ENGAGEMENT
WHEREAS, on or about September 10, 2013, the City of Fort Worth ("City") and
Deloitte & Touche, LLP, ("D&T"), collectively referred to as the "parties," made and entered
into an agreement for auditing services for the City's Fiscal Year ("FY") 2013 Single Audit and
Comprehensive Annual Financial report (the "Agreement"); and
WHEREAS, the Agreement is a public document on file in the City's Secretary Office
and referenced as City Secretary Contract No. 44790; and
WHEREAS, the City previously approved an estimated audit amount of $1,140,000.00
for FY 2013 auditing services; and
WHEREAS, the parties wish to amend the Agreement to increase the fees for the FY
2013 audit year for additional costs incurred for the FY 2013 audit.
NOW THEREFORE, the City and D&T, acting herein by and through their duly
authorized representatives, enter into the following agreement:
1
The Fees Section of the Agreement shall be modified to increase the FY 2013 audit fee
by $70,000.00 as previously approved to specifically be used to cover the additional costs of the
FY 2013 audit; thereby establishing the FY 2013 audit fee total amount of $1,210,000.00.
2.
All other provisions of the Agreement that are not expressly amended herein shall
remain in full force and effect until completion of the term of the Agreement.
Amendment No. 1 to CSC No. 44790
Deloitte & Touche, LLP
Page 1 of 2
RECEIVED MAY 14
7014
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Executed on this 14 day of / ! ..1!G i 2014.
CITY OF FORT WORTH: DELOITTE & TOUCHE, LLP:
By. )4,4aQ,-- By:
Susan Alanis Terry Kil
Assistant City Manager Lead Client Services Director
Date: 51 i 1 19 Date: s/ J 21 i `�
ATTEST:
By:
Mary K
City Secretary
APPROVED AS TO FORM AND
LEGALITY:
Maleshra Farmer
Senior Assistant City Attorney
Contract Authorization:
M&C: C Z 7 �
Date Approved: 4- 5 •-1
Amendment No. 1 to CSC No. 44790
Deloitte & Touche, LLP
Page 2 of 2
ATTEST:
Name:
Title:
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
M&C Review Page 1 of 1
CITY COUNCIL AGENDA
COUNCIL ACTION: Approved on 4/8/2014
DATE: 4/8/2014 REFERENCE NO.: **C-26748 LOG NAME:
CODE: C TYPE:
CONSENT PUBLIC
HEARING:
Official site of the City of Fort Worth, Texas
FORT WORTII
10INCREASE FY2013
AUDIT FEES
NO
SUBJECT: Authorize Execution of Amendment No. 1 to City Secretary Contract No. 44790 with
Deloitte & Touche, LLP, to Increase the Fees in the Amount of $70,000.00 for the Fiscal
Year 2013 Single Audit and Comprehensive Annual Financial Report Establishing a Total
Fiscal Year 2013 Audit Fee in the Amount of $1,210,000.00 (ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council authorize the execution of Amendment No.1 to City Secretary
Contract No. 44790 with Deloitte & Touche, LLP, for the Fiscal Year 2013 Single Audit and
Comprehensive Annual Financial Report to increase the audit fees in the amount of $70,000.00 for
additional audit services establishing the Fiscal Year 2013 audit fee total in the amount of
$1,210,000.00.
DISCUSSION:
On September 14, 2010, (M&C C-24442) the City Council awarded the contract for financial audit
services to Deloitte & Touche, LLP, for one year with four options to renew through Fiscal Year (FY)
2014. The City is currently in the third renewal term. The fee proposed for the Fiscal Year 2013 audit
was in the amount of $1,140,000.00.
For the Fiscal Year 2013 Comprehensive Annual Financial Report (CAFR) audit, the contractor
incurred additional costs of $70,000.00. The contractor had to audit seven additional major federal
programs at $10,000.00 per program for a total amount of $70,000.00.
City Council approved $1,140,000.00 for audit fees in the Fiscal Year 2014 budget. An additional
$70,000.00 is needed to cover the total actual fees for the Fiscal Year 2013 audit. The total actual
fee for the Fiscal Year 2013 CAFR audit is $1,210,000.00.
FISCAL INFORMATION/CERTIFICATION:
The Financial Management Services Director certifies that funds are available in the current operating
budget, as appropriated, of the General Fund.
TO Fund/Account/Centers FROM Fund/Account/Centers
GG01 531200 0101000 $70.000.00
Submitted for City Manager's Office bv:
Originating Department Head:
Additional Information Contact:
ATTACHMENTS
Susan Alanis (6111)
Patrice Randle (6132)
Terry Holderman (6141)
http://apps.cfwnet.org/council_packet/mc review.asp?ID=19622&councildate=4/8/2014 5/14/2014