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Legislation Details
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Type:
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Contract
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Status:
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Passed
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On agenda:
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4/16/2026
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Final action:
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4/23/2026
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Title:
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AUTHORIZE the Chief Executive Officer to:
A. AWARD a five-year, firm fixed unit rate Contract No. PS135819000 to Vasquez & Company LLP to perform Consolidated Financial and Compliance Audit of the programs, jurisdictions, and agencies listed in Attachment A (Package A) for fiscal years (FY) 2026-2030 in the Not-To-Exceed (NTE) amount of $2,715,634, effective May 1, 2026, subject to the resolution of any properly submitted protest(s) if any; and
B. AWARD a five-year, firm fixed unit rate Contract No. PS135819001 to Simpson and Simpson LLP to perform Consolidated Financial and Compliance Audit of the programs, jurisdictions, and agencies listed in Attachment B (Package B) for FY2026-2030 in the Not-To-Exceed (NTE) amount of $3,121,225, effective May 1, 2026, subject to the resolution of any properly submitted protest(s), if any.
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Indexes:
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Audit, Budgeting, C Line (Green) Extension to Torrance, Consolidated Audit, Contracts, Evaluation and assessment, Federal Transit Administration, Financial Audit, Formula Allocation / Local Return, Guidelines, Low-Income Fare is Easy (LIFE), Measure M, Measure M Admin Costs (Project), Measure R, Measure R Admin Costs (Project), Memorandum Of Understanding, Metro Vision 2028 Plan, Other P&P Planning (Mou, Hov, Tdm, Bikeways, Funds Admin, Public Outreach) (Project), Pasadena, Procurement, Program, Program Management, Project, Proposition A, Proposition C, Redondo Beach, Resolution, Strategic planning, Subsidies, Torrance, Transit operators, Transportation Development Act - Article 4, Transportation Development Act of 1971
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Meeting_Body FINANCE, BUDGET AND AUDIT COMMITTEE APRIL 16, 2026 Subject SUBJECT: FY2026-FY2030 CONSOLIDATED AUDIT Action ACTION: AWARD CONTRACTS Heading RECOMMENDATION Title AUTHORIZE the Chief Executive Officer to: A. AWARD a five-year, firm fixed unit rate Contract No. PS135819000 to Vasquez & Company LLP to perform Consolidated Financial and Compliance Audit of the programs, jurisdictions, and agencies listed in Attachment A (Package A) for fiscal years (FY) 2026-2030 in the Not-To-Exceed (NTE) amount of $2,715,634, effective May 1, 2026, subject to the resolution of any properly submitted protest(s) if any; and B. AWARD a five-year, firm fixed unit rate Contract No. PS135819001 to Simpson and Simpson LLP to perform Consolidated Financial and Compliance Audit of the programs, jurisdictions, and agencies listed in Attachment B (Package B) for FY2026-2030 in the Not-To-Exceed (NTE) amount of $3,121,225, effective May 1, 2026, subject to the resolution of any properly submitted protest(s), if any. Issue ISSUE Metro is required to have an independent auditor perform financial and compliance audits to provide reasonable assurance to management that recipients of subsidies included in the Consolidated Audit are in compliance with the statutes of each applicable funding source. These audits will be conducted in accordance with generally accepted government auditing standards and will meet the American Institute of Certified Public Accountants' Standards. In performing these audits, the auditors will report on internal control deficiencies when noted and on findings that may result in funds being returned to Metro, including trades or exchanges of funds, unused and lapsed funds, and disallowable expenditures. The current contracts expire June 30, 2026. Background BACKGROUND As the Regional Transportation Planner for Los Angeles County, Metro is responsible for planning, programming, and allocating transportation funding to Los Angeles County j... Click here for full text
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