City Council

11. RECONSTRUCTION OF ACCOUNTING RECORDS (ROAR CIP PROJECT #2022-\n08)\nRECOMMENDED THAT CITY COUNCIL:\n1. Approve creation of CIP Project #2022-08 titled “ROAR” (Reconstruction of\nAccounting Records) and add it to the CIP Budget schedule.\n2. Authorize the City Manager to enter into contract with an appropriate CPA /\nconsulting firm on “sole source” basis, due to specialized expertise and\nvoluminous effort to reconstruct delinquent accounting, bank reconciliations, and\nto perform all accounting work, subsidiary ledgers, and audit schedules. The\ndeliverables expected from consultant includes a month-by-month closing of the\nbooks, reconciliation of cash, and the ultimate preparation of a final year-end June\n30th Trial Balance along with all PBCs (Provided by Client schedules), to facilitate\nthe work of the City’s independent auditors to ensure a “turn-key” closing of the\nbooks to obtain clean Audit Opinion Letter for each of the four fiscal years, to\nachieve the City Manager and City Council priority of completing this\nReconstruction of Accounting Records (ROAR) CIP Project in 12 to 13\nmonths.\n3. Approve Resolution authorizing a “not to exceed” $450,000 budget for the “ROAR”\n(Reconstruction of Accounting Records) CIP Project #2022-08.\nCITY CLERK