Cities Index.
1.D AMENDMENT NO. 1 TO PROFESSIONAL SERVICES AGREEMENT WITH CLIFTONLARSONALLEN (CLA) FOR AUDIT SERVICES

Placentia City Council
June 17, 2025

Document
1.D AMENDMENT NO. 1 TO PROFESSIONAL SERVICES AGREEMENT WITH CLIFTONLARSONALLEN (CLA) FOR AUDIT SERVICES
Meeting
June 17, 2025
Body
Placentia City Council
Pages
2
Original file
26 KB
Text extracted from the city's file for reading and search. Open the original on portal.laserfiche.com. That file is the official record.

  


 


 
 

   
  

  






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STANDARD QUOTED

HOURLY HOURLY TOTAL TOTAL
HOURS RATES RATES FY24Ͳ25 FY25Ͳ26
Principals 50650$415$20,750$21,477$ Managers 8032021517,20017,803 Seniors 13023017022,10022,873 Associates 17617012522,00022,770 Clerical 241501002,4002,485 Subtotal 46084,45087,408
OutͲofͲpocketexpenses:
5%TechnologyandClientSupportFee 4,2234,370 TotalallͲinclusivemaximumpriceforallservices(1) beforeonetimefeesforERPconversion 88,67391,778 OnetimefeeͲaccountconversion$3,000Ͳ5,000 5,000 OnetimefeeͲinternalcontrolrevisions$3,000Ͳ5,000 5,000 TotalallͲinclusivemaximumpriceforallservices(1) 93,673$96,778$ (1) FeeisbasedonauditingonemajorprogramaspartoftheSingleAudit. AdditionalSingleAuditmajorprogramswillcost$3,500each CITYOFPLACENTIA,CALIFORNIA
TOTALOFPROFESSIONALFEESANDEXPENSES
FORTHEAUDITSOFTHEFY2024Ͳ25AND2025Ͳ26FINANCIALSTATEMENTS Ͳ1Ͳ
206

STANDARD QUOTED

HOURLY HOURLY TOTAL TOTAL
HOURS RATES RATES FY24Ͳ25 FY25Ͳ26
Principals 43650$415$17,845$18,470$ Managers 5432021511,61012,016 Seniors 8623017014,62015,132 Associates 10817012513,50013,973 Clerical 4150100400414 Subtotal 29557,97560,005
OutͲofͲpocketexpenses:
5%TechnologyandClientSupportFee 2,8993,000 TotalallͲinclusivemaximumpriceͲCityaudit 60,874$63,005$ Ͳ2Ͳ
FORTHEAUDITSOFTHEFY2024Ͳ25AND2025Ͳ26FINANCIALSTATEMENTS CITYOFPLACENTIA,CALIFORNIA
SCHEDULEOFPROFESSIONALFEESANDEXPENSES
CITYOFPLACENTIAPORTIONOFAUDIT
207

STANDARD QUOTED

HOURLY HOURLY TOTAL TOTAL
HOURS RATES RATES FY24Ͳ25 FY25Ͳ26
Principals Ͳ650$415$ Ͳ$ Ͳ$ Managers 63202151,2901,335 Seniors 122301702,0402,111 Associates 141701251,7501,811 Clerical 101501001,0001,035 Subtotal 426,0806,292
OutͲofͲpocketexpenses:
5%TechnologyandClientSupportFee 304315 TotalallͲinclusivemaximumpriceͲACFRpreparation 6,384$6,607$ Ͳ3Ͳ
CITYOFPLACENTIA,CALIFORNIA
SCHEDULEOFPROFESSIONALFEESANDEXPENSES
ACFRPREPARATION
FORTHEAUDITSOFTHEFY2024Ͳ25AND2025Ͳ26FINANCIALSTATEMENTS 208

STANDARD QUOTED

HOURLY HOURLY TOTAL TOTAL
HOURS RATES RATES FY24Ͳ25 FY25Ͳ26
Principals 2650$415$830$859$ Managers 63202151,2901,335 Seniors 142301702,3802,463 Associates 81701251,0001,035 Clerical 2150100200207 Subtotal 325,7005,899
OutͲofͲpocketexpenses:
5%TechnologyandClientSupportFee 285295 TotalallͲinclusivemaximumpriceͲSingleaudit(1)5,985$6,194$ (1) FeeisbasedonauditingonemajorprogramaspartoftheSingleAudit. AdditionalSingleAuditmajorprogramswillcost$3,500each Ͳ4Ͳ
CITYOFPLACENTIA,CALIFORNIA
SCHEDULEOFPROFESSIONALFEESANDEXPENSES
SINGLEAUDITPORTIONOFAUDIT
FORTHEAUDITSOFTHEFY2024Ͳ25AND2025Ͳ26FINANCIALSTATEMENTS 209

STANDARD QUOTED

HOURLY HOURLY TOTAL TOTAL
HOURS RATES RATES FY24Ͳ25 FY25Ͳ26
Principals Ͳ650$415$ Ͳ$ Ͳ$ Managers 1320215215223 Seniors Ͳ230170 Ͳ Ͳ Associates 2170125250259 Clerical 1150100100104 Subtotal 4565586
OutͲofͲpocketexpenses:
5%TechnologyandClientSupportFee 2829 TotalallͲinclusivemaximumpriceͲGannlimitreport 593$615$ FORTHEAUDITSOFTHEFY2024Ͳ25AND2025Ͳ26FINANCIALSTATEMENTS Ͳ5Ͳ
CITYOFPLACENTIA,CALIFORNIA
SCHEDULEOFPROFESSIONALFEESANDEXPENSES
GANNLIMITAGREEDͲUPONPROCEDURESREPORTPORTIONOFAUDIT 210

STANDARD QUOTED

HOURLY HOURLY TOTAL TOTAL
HOURS RATES RATES FY24Ͳ25 FY25Ͳ26
Principals 2650$415$830$859$ Managers 53202151,0751,113 Seniors 62301701,0201,056 Associates 141701251,7501,811 Clerical 3150100300311 Subtotal 304,9755,150
OutͲofͲpocketexpenses:
5%TechnologyandClientSupportFee 249258 TotalallͲinclusivemaximumpriceͲpicktwoAUPreports 5,224$5,408$ Ͳ6Ͳ
CITYOFPLACENTIA,CALIFORNIA
SCHEDULEOFPROFESSIONALFEESANDEXPENSES
FORTHEAUDITSOFTHEFY2024Ͳ25AND2025Ͳ26FINANCIALSTATEMENTS PICKTWOAGREEDͲUPONPROCEDURESREPORTSPORTIONOFAUDIT 211

STANDARD QUOTED

HOURLY HOURLY TOTAL TOTAL
HOURS RATES RATES FY24Ͳ25 FY25Ͳ26
Principals 2650$415$830$859$ Managers 53202151,0751,113 Seniors 122301702,0402,111 Associates 211701252,6252,717 Clerical 2150100200207 Subtotal 426,7707,007
OutͲofͲpocketexpenses:
5%TechnologyandClientSupportFee 339350 TotalallͲinclusivemaximumpriceͲannualfinancial
transactionsreport 7,109$7,357$
Ͳ7Ͳ
CITYOFPLACENTIA,CALIFORNIA
SCHEDULEOFPROFESSIONALFEESANDEXPENSES
COMPILATIONOFCITY,PFA,ANDEIFDANNUALFINANCIALTRANSACTIONSREPORTS FORTHEAUDITSOFTHEFY2024Ͳ25AND2025Ͳ26FINANCIALSTATEMENTS 212

STANDARD QUOTED

HOURLY HOURLY TOTAL TOTAL
HOURS RATES RATES FY24Ͳ25 FY25Ͳ26
Principals 1650$415$415$430$ Managers 3320215645668 Seniors Ͳ230170 Ͳ Ͳ Associates 91701251,1251,164 Clerical 2150100200207 Subtotal 152,3852,469
OutͲofͲpocketexpenses:
5%TechnologyandClientSupportFee 119123 TotalallͲinclusivemaximumpriceͲannualstreetreport 2,504$2,592$ Ͳ8Ͳ
CITYOFPLACENTIA,CALIFORNIA
SCHEDULEOFPROFESSIONALFEESANDEXPENSES
COMPILATIONOFANNUALSTREETREPORT
FORTHEAUDITSOFTHEFY2024Ͳ25AND2025Ͳ26FINANCIALSTATEMENTS 213

IftheCitywishesustoperformconsultingorotherservicesoutsidethescopeoftheservicesd herein,aseparatewrittenrequestfromtheCitywillberequired.Ourhourlyratesfortheseser duringeachyearunderthebasiccontractwillbeasfollows:
basiccontractwillbeasfollows:

FY24Ͳ25 FY25Ͳ26
Principals 415$430$
Managers 215223
Seniors 170176
Associates 125129
Clerical 100104
Ͳ9Ͳ
HOURLYRATESFORADDITIONALPROFESSIONALSERVICES
CITYOFPLACENTIA,CALIFORNIA
214

Page 1 of 2 ends

AMENDMENT NO. 1 TO

PROFESSIONAL SERVICES AGREEMENT

PROVISION OF AUDITING SERVICES WITH CLIFTONLARSONALLEN (CLA)

This Amendment No. 1 (“Amendment”) to Professional Services Agreement is made and entered into effective the 3rd day of June, 2025, by and between the CITY OF PLACENTIA, a Charter City and Municipal Corporation (“CITY”), and CLIFTONLARSONALLEN (CLA) a municipal corporation (hereinafter “CONSULTANT”). CITY and CONSULTANT are sometimes hereinafter individually referred to as “Party” and or collectively referred to as the “Parties.”

A. Recitals.

(i) CITY and CONSULTANT entered into a Professional Services Agreement (“Agreement”) effective July 19, 2022, through which CONSULTANT has been providing professional services as more fully explained in the Scope of Services attached to the Agreement as Exhibit “A”.
(ii) The Parties now seek to amend the Agreement to extend the term and increase compensation.

(iii) All legal prerequisites to the making of this Amendment have occurred.

NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein, the Parties agree as follows:

B. Amendment to Agreement.

1. Section 2.0, Paragraph 2.1 of the Agreement is hereby amended to read as follows:

Compensation. Consultant shall be paid in accordance with the fee schedule set forth in Exhibit “A.” Consultant’s total compensation shall increase by two hundred ten thousand dollars ($210,000.00) for a total not to exceed amount of four hundred twenty five thousand dollars ($425,000.00).

2. Section 4.0, Paragraph 4.1 of the Agreement is hereby amended to read as follows:

Term: This agreement shall commence on the effective date and continue for a period of twenty-four (24) months, ending on June 30, 2027, unless previously terminated as provided herein or as otherwise agreed to in writing by the parties.

3. Except as specifically modified herein, all of the terms, conditions and provisions of the Agreement shall remain in full force and effect.

4. The Agreement, all amendments together with this Amendment No. 1 and all Exhibits attached thereto, constitutes the entire Agreement between the Parties and supersedes all prior negotiations, arrangements, representations, and understandings, if any, made by or between the Parties with respect to the subject matter hereof. No amendment or other modification of the Agreement, as modified by this Amendment No. 1 shall be binding unless executed in writing by both Parties hereto, or their respective successors, assigns, or grantees.

215

Page 2 of 2 ends

5. Each of the undersigned represents and warrants that he or she is duly authorized to execute and deliver this Amendment No. 1 and that such execution is binding upon the entity for which he or she is executing this document.

IN WITNESS WHEREOF, the Parties have caused Amendment No. 1 to the Consulting Services Agreement are to be executed as of the day and year first above written.

CONSULTANT CITY OF PLACENTIA
By: ______________________________
Robert J. Callanan
Principal, CliftonLarsonAllen LLP
By: _____________________________
Jennifer Lampman
Acting City Administrator
ATTEST:

By: _____________________________
Robert S. McKinnell, City Clerk
APPROVED AS TO FORM:

By: _____________________________
Christian L. Bettenhausen, City Attorney
216

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

INSURER(S) AFFORDING COVERAGE
INSURER F :

INSURER E :

INSURER D :

INSURER C :

INSURER B :

INSURER A :

NAIC #
NAME:CONTACT
(A/C, No):FAX
E-MAILADDRESS:

PRODUCER
(A/C, No, Ext):PHONE

INSURED
REVISION NUMBER:CERTIFICATE NUMBER:COVERAGES
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

OTHER:
(Per accident)
(Ea accident)
$
$
N / A
SUBR
WVD
ADDL
INSD

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. $
$
$
$PROPERTY DAMAGE
BODILY INJURY (Per accident)
BODILY INJURY (Per person)

COMBINED SINGLE LIMIT

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AUTOMOBILE LIABILITY
Y / N

WORKERS COMPENSATION

AND EMPLOYERS' LIABILITY
OFFICER/MEMBER EXCLUDED?
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ANY PROPRIETOR/PARTNER/EXECUTIVE
$
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EROTH-STATUTEPER

LIMITS(MM/DD/YYYY)POLICY EXP(MM/DD/YYYY)POLICY EFFPOLICY NUMBERTYPE OF INSURANCELTRINSR DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

EXCESS LIAB
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COMMERCIAL GENERAL LIABILITY

CLAIMS-MADE OCCUR
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POLICY PRO-JECT LOC

CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY)

CANCELLATION

AUTHORIZED REPRESENTATIVE
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SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

INSURER(S) AFFORDING COVERAGE
INSURER F :

INSURER E :

INSURER D :

INSURER C :

INSURER B :

INSURER A :

NAIC #
NAME:CONTACT
(A/C, No):FAX
E-MAILADDRESS:

PRODUCER
(A/C, No, Ext):PHONE

INSURED
REVISION NUMBER:CERTIFICATE NUMBER:COVERAGES
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

OTHER:
(Per accident)
(Ea accident)
$
$
N / A
SUBR
WVD
ADDL
INSD

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. $
$
$
$PROPERTY DAMAGE
BODILY INJURY (Per accident)
BODILY INJURY (Per person)

COMBINED SINGLE LIMIT

AUTOS ONLY

AUTOSAUTOS ONLY NON-OWNED

SCHEDULEDOWNED

ANY AUTO

AUTOMOBILE LIABILITY
Y / N

WORKERS COMPENSATION

AND EMPLOYERS' LIABILITY
OFFICER/MEMBER EXCLUDED?
(Mandatory in NH)
DESCRIPTION OF OPERATIONS below
If yes, describe under

ANY PROPRIETOR/PARTNER/EXECUTIVE
$
$
$
E.L. DISEASE - POLICY LIMIT
E.L. DISEASE - EA EMPLOYEE
E.L. EACH ACCIDENT

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LIMITS(MM/DD/YYYY)POLICY EXP(MM/DD/YYYY)POLICY EFFPOLICY NUMBERTYPE OF INSURANCELTRINSR DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

EXCESS LIAB
UMBRELLA LIAB $EACH OCCURRENCE
$AGGREGATE
$
OCCUR

CLAIMS-MADE
DED RETENTION $
$PRODUCTS - COMP/OP AGG
$GENERAL AGGREGATE
$PERSONAL & ADV INJURY
$MED EXP (Any one person)
$EACH OCCURRENCE
DAMAGE TO RENTED $PREMISES (Ea occurrence)

COMMERCIAL GENERAL LIABILITY

CLAIMS-MADE OCCUR
GEN'L AGGREGATE LIMIT APPLIES PER:

POLICY PRO-JECT LOC

CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY)

CANCELLATION

AUTHORIZED REPRESENTATIVE
ACORD 25 (2016/03)
© 1988-2015 ACORD CORPORATION. All rights reserved.

CERTIFICATE HOLDER
The ACORD name and logo are registered marks of ACORD
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