To: Board of Supervisors
From: County Administrative Office
Agenda Section: Consent
SUBJECT:title
Agreement Amendment with Macias, Gini & O'Connell, LLP and Supplemental Budget (4/5 vote required)
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve and authorize the Chair of the Board to execute, the attached amendment to the professional services agreement (Attachment 1) with Macias, Gini & O'Connell, LLP (MGO) in the amount of $500,000 for financial advisory services; and
2. Adopt the attached supplemental budget (Attachment 3) in the amount of $100,000 for fiscal year (FY) 2020-21 in the County Administrative Office - Management and Budget Team (CAO-MBT) budget unit 1100-103 (4/5 vote required).
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SOURCE OF FUNDING:
General Fund
DISCUSSION:
At the Dec. 8, 2020 Board of Supervisors Meeting, your Board approved a Professional Services Agreement with Macias, Gini & O'Connell, LLP (MGO) to provide interim financial advisory services. These services included:
* Working with state agencies on extended cost report due dates in order to claim county central service charges.
* Long-range financial planning as a result of central service charge losses, or other revenue losses.
* Working with staff to address the Auditor-Controller's (AC) concerns over the distribution methodology for utility charges.
* Assisting with the development of the internal service fund charges for fiscal year 2021-22.
* Developing and implementing financial strategies for resolving fiscal problems; provide direction, support, and advice to department/agency representatives and other officials regarding fiscal problems.
* Addressing audit findings from the Single Audit Report Year Ended June 30, 2019, and any future findings.
* Developing financial policies.
* Participate in the Auditor-Controller's Office (ACO) staffing study, in collaboration with Human Resources.
* And other financial related tasks that work to improve the county's fi...
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