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File #: 2021-0178   
Type: Contract Status: Passed
File created: 3/24/2021 In control: Board of Directors - Regular Board Meeting
On agenda: 5/27/2021 Final action: 5/27/2021
Title: AUTHORIZE the Chief Executive Officer to: A. AWARD a five-year, firm fixed price Contract No. PS71091000, to Vasquez and Company, LLP (Vasquez) to perform Consolidated Financial and Compliance Audit of the programs, jurisdictions and agencies listed in Attachment C (Package A) for fiscal years (FY) 2021 - 2025 in the amount of $2,506,618.26, effective July 1, 2021, subject to resolution of protest(s) if any; and B. AWARD a five-year, firm fixed price Contract No. PS71091001, to Simpson and Simpson, LLP (Simpson) to perform Consolidated Financial and Compliance Audit of the programs, jurisdictions and agencies listed in Attachment D (Package B) for fiscal years (FY) 2021 -2025 in the amount of $2,955,150, effective July 1, 2021, subject to resolution of protest(s), if any.
Sponsors: Finance, Budget and Audit Committee
Indexes: Audit, Burbank, Commerce, Contracts, Design build, Evaluation and assessment, Ez Pass, Federal Transit Administration, Financial Audit, Firm Fixed Price Contract, Formula Allocation / Local Return, Glendale, Guidelines, LADOT Transit, Low-Income Fare is Easy (LIFE), Measure M, Measure M Admin Costs (Project), Measure R, Measure R Admin Costs (Project), Memorandum Of Understanding, Metro Green Line, Metro Rail C Line, 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, South Bay Metro C Line Extension, Subsidies, Support for Homeless on Re-entry Program, Torrance, Transit operators, Transit System, Transportation Development Act - Article 4, Transportation Development Act of 1971
Attachments: 1. Attachment A - Package A.pdf, 2. Attachment B - Package B.pdf, 3. Attachment C - Procurement Summary.pdf, 4. Attachment D - DEOD Summary.pdf
Related files: 2018-0412, 2019-0385, 2021-0049, 2021-0440
. Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
MAY 19, 2021

Subject
SUBJECT: CONSOLIDATED AUDIT FOR FISCAL YEARS 2021-25

Action
ACTION: APPROVE CONTRACT AWARD

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer to:

A. AWARD a five-year, firm fixed price Contract No. PS71091000, to Vasquez and Company, LLP (Vasquez) to perform Consolidated Financial and Compliance Audit of the programs, jurisdictions and agencies listed in Attachment C (Package A) for fiscal years (FY) 2021 - 2025 in the amount of $2,506,618.26, effective July 1, 2021, subject to resolution of protest(s) if any; and

B. AWARD a five-year, firm fixed price Contract No. PS71091001, to Simpson and Simpson, LLP (Simpson) to perform Consolidated Financial and Compliance Audit of the programs, jurisdictions and agencies listed in Attachment D (Package B) for fiscal years (FY) 2021 -2025 in the amount of $2,955,150, effective July 1, 2021, subject to resolution of protest(s), if any.

Issue
ISSUE

As the Regional Transportation Planner for Los Angeles County, the Los Angeles County Metropolitan Transportation Authority (Metro) is responsible for planning, programming, and allocating transportation funding to Los Angeles County jurisdictions, transit operators, and other transportation programs. Metro has the fiduciary responsibility to provide assurance that recipients of funds included in the Consolidated Audit adhere to the statutes, program guidelines, and/or agreements with each applicable funding source and that operations data used to allocate funds are fair and are in accordance with Federal Transit Administration (FTA) guidelines.

The consolidated audit process includes financial and compliance audits of the following programs:

1. Local Funding Program to the 88 cities and Unincorporated Los Angeles County.
a) Proposition A Local Return
b) Proposition C Local Return
c) Measure R Local Return
d) Measure M Local Return
e) Transit Development Act (TDA) Article 3...

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