04-22-2019 BPU RPT 15 - Laserfiche WebLink

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PJ A r F R F N F R c v L I F E RIVERSIDE PUBLIC UTILITIES W& Board Memorandum P U B L I C U T I L I T I E S BOARD OF PUBLIC UTILITIES DATE: APRIL 22, 2019 ITEM NO: 15 SUBJECT: PROFESSIONAL CONSULTANT SERVICES AGREEMENT WITH EADIE AND PAYNE, LLP, IN RESPONSE TO RFP NO. 1880 FOR AUDIT SERVICES OF RIVERSIDE PUBLIC UTIITIES ELECTRIC AND WATER FUNDS FOR A TERM ENDING JUNE 30, 2020 IN AN AMOUNT NOT -TO -EXCEED $60,000 ISSUE: Approve and recommend that the City Council approve a Professional Consultant Services Agreement for audit services of Riverside Public Utilities Electric and Water Fund with Eadie and Payne, LLP, for a term ending June 30, 2020, in an amount not to exceed $60,000 in response to RFP No. 1880. RECOMMENDATIONS: That the Board of Public Utilities recommends that the City Council: 1. Approve a Professional Consultant Services Agreement for audit services of Riverside Public Utilities Electric and Water Fund with Eadie and Payne, LLP, of Riverside, California, in response to RFP No. 1880 for a term ending June 30, 2020 in an amount not to exceed $60,000; and 2. Authorize the City Manager, or designee, to execute all documents pursuant to the Professional Consultant Services Agreement with Eadie and Payne, LLP, and any other documents as necessary to effectuate the agreement including making minor non -substantive changes. BOARD RECOMMENDATION: On March 25, 2019, the Board of Public Utilities considered the Professional Consultant Services Agreement with Eadie and Payne, LLP. After discussion, the Board unanimously voted to 1. Continue this item for 30 days or less; 2. Request staff provide a summary of all the audits in FYs 2013-2018 that were conducted on the Public Utilities, including the cost of such audits and the staff time expended for such audits (Attachment 2); and 3. Request staff provide an estimate cost of staff time to prepare for this audit. BACKGROUND: On May 14, 2018, the Board of Public Utilities (Board), with all members present, conducted a Public Hearing to receive public input related to the electric and water utility five-year rate proposal. Following discussion, the Board recommended that the City Council adopt a resolution approving the 2018-2022 Electric and Water Rules and Rates and conduct an annual review of the adopted rates. On May 22, 2018, following discussion, the City Council received input on the 2018-2022 Electric and Water Rules and Rates and adopted a resolution approving the 2018-2022 Electric and Water Rules and