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Staff Report by: <br />Brian Carlson <br />Budget and Finance Director <br />Topic: <br />Amendment to PSA for Accounting <br />Services, Tara Dunford CPA <br />Meeting <br />BOCC Regular <br />January 17th, 2023 <br /> <br />Summary: <br />• Finance Director is requesting an extension to PSA with Tara Dunford CPA, initially executed in June, 2022 <br />• Hourly rate is increased from $165 to $175 <br />• 2023 NTE (not to exceed) is $63,000, booked to Auditor/Finance Department. <br />• 2022 NTE was $60,000 of which $17,000 was billed. <br />• Annual extensions are permitted via original contract, which was reviewed and approved as to form from PA. <br />Background: <br />• Finance Director requested this engagement in June of 2022 following his initial assessment of County’s <br />internal capacity to perform required financial reporting and accounting functions. <br />• This PSA continues with ongoing tasks relating primarily to year-end accounting and financial statements, but <br />also including related tasks to improve the overall accounting function (see PSA Tara Dunford CPA, Pg. 3, <br />Appendix A: Scope of Work) <br />• Plan is to maintain this engagement over multiple years, reducing or increasing scope as dictated by internal <br />capacity, which is being developed concurrent with this PSA. <br />Analysis: <br />• Contractor is finished with performance of original/initial scope; drafting 2021 financial statements. <br />Estimated final publication date is January 31, 2023. <br />• Next phases are concurrent drafting of 2022 financial statements and reconciling cash/investment balances <br />between Treasurer and Auditor Offices and across platforms. <br />Conclusion / Next Steps: <br />• Authorize Finance Director or Auditor to execute 2023 engagement letter.