Agenda #: 5.4
Meeting Date: March 5, 2024
TO: Honorable Mayor and Members of the City Council
FROM: Daniel Fox, City Manager
TITLE: THIRD AMENDMENT TO THE CONSULTANT SERVICES
AGREEMENT WITH LANCE, SOLL & LUNGHARD, LLP FOR AUDIT
SERVICES REQUIRED BY THE LOS ANGELES COUNTY SAFE,
CLEAN WATER PROGRAM FOR FISCAL YEARS 2020/21 THROUGH
2022/23.
STRATEGIC
GOAL: Responsible Stewardship of Public Resources
RECOMMENDATION:
Approve, and authorize the City Manager to sign, the Third Amendment to the Consultant Services Agreement with Lance, Soll & Lunghard, LLP for auditing services.
FINANCIAL IMPACT:
This Third Amendment would increase the total not-to-exceed compensation under the Agreement by $20,000 for a total not-to-exceed amount of $412,679. Sufficient funds have been included in the FY 2023/24 Measure W Fund (201) operating budget to cover the cost of such services.
BACKGROUND/ANALYSIS:
As required by the Municipal Transfer Agreement between the City of Diamond Bar and the Los Angeles County Flood Control District, the City is required every three years to engage the services of an outside, independent audit firm to perform an audit to determine the City’s compliance with the terms and conditions established by the Los Angeles County Flood Control District’s Safe, Clean Water Program, including utilization of annual program funds commonly referred to as “Measure W” funds.
Lance, Soll & Lunghard LLP (LSL) has provided audit services to the City under the current agreement since 2015. On May 19, 2020, the City Council approved the First Amendment extending the original term through completion of the financial reports for FY ending June 30, 2020. On April 6, 2021, the City Council approved the Second
Amendment extending the term through completion of the financial reports for FY ending June 30, 2025. Over the years, LSL has provided exceptional service to the City, and has worked well with the City Council, Audit Subcommittee and City staff. Based on this past performance, it is recommended that the City Council amend the existing contract with LSL to include the funding and additional scope of work (see Attachment 1 - Exhibit “A”) required to complete the compliance audit for the Safe, Clean Water Program.
LEGAL REVIEW:
The City Attorney has reviewed and approved the amended agreement as to form.
PREPARED BY:
REVIEWED BY:
Attachments:
1. 5.4.a 3rd Amendment - LSL Compliance Audit for Safe, Clean Water Program
2. 5.4.b Exhibit A - Scope of Work for LSL Compliance Audit for Safe, Clean Water Program