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RESOLUTION NO. 2011-030 <br />RESOLUTION OF THE SOUTHERN CALIFORNIA PUBLIC <br />POWER AUTHORITY AUTHORIZING THE EXECUTIVE <br />DIRECTOR TO EXTEND THE AGREEMENT FOR THE <br />AUTHORITY'S INDEPENDENT ACCOUNTANT AND <br />AUDITOR WITH MOSS ADAMS LLP RELATED TO THE <br />YEAR-END FINANCIAL AUDIT <br />WHEREAS, the Executive Director and staff of the Southern California <br />Public Power Authority (the Authority) carried forth an extensive Request for <br />Proposals process in 2005 which resulted in the selection of an independent <br />accountant and auditor for the Authority, and have engaged in negotiation of a <br />professional services agreement by and between Southern California Public Power <br />Authority and Moss Adams, LLP ("Independent Accountant"); and <br />WHEREAS, the Authority is a public entity duly organized and existing <br />pursuant to the provisions of Chapter 5, Division 7, Title 1, commencing at section <br />6500, of the Government Code of the State of California; and <br />WHEREAS, pursuant to the agreements and laws governing the <br />Authority, the Authority is, among other things, required to maintain accounts and <br />records, complete a written report of all financial activities for each fiscal year, and <br />cause all annual independent audit of the accounts and records of the Authority to be <br />made by a certified public accountant; and <br />WHEREAS, the Independent Accountant employs a skilled and <br />qualified professional staff experienced in performing a variety of auditing and <br />accounting functions and possesses the resources and expertise necessary to render <br />assistance as herein after provided, and desire to do so; and <br />WHEREAS, Moss Adams LLP has recently assisted SCPPA in adoption <br />of GASB 53 and has been instrumental in training the member cities which has been <br />necessary to the successful implementation of GASB 53 in SCPPA financial statements <br />as well as appropriate impacts on member city financial statements; and <br />WHEREAS, SCPPA anticipates carrying forth an RFP process during the <br />next year for SCPPA's independent accountant and auditor and intends to carry forth <br />those steps necessary to provide for the review and assessment of SCPPA's <br />independent accountant and auditor needs and to take such actions and enter into such <br />engagements as may be desirable or necessary to carry forth the functions of SCPPA's <br />independent accountant and auditor. <br />WHEREAS, the existing Moss Adams auditing services contract will be <br />expiring shortly, and in order to retain the necessary continuity with respect to Moss <br />Adams LLP concerning certain ongoing GASB 53 compliance in SCPPA financial <br />statements, the contract should be extended for one year; <br />