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07-24-2017 BPU RPT 07
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07-24-2017 BPU AGENDA
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W A T E R E N E R C Y I <br />WI& <br />P U B L I C U T I L I T I E S <br />BOARD OF PUBLIC UTILITIES <br />RIVERSIDE PUBLIC UTILITIES <br />Board Memorandum <br />DATE: JULY 24, 2017 <br />ITEM NO: 7 <br />SUBJECT: PROFESSIONAL CONSULTANT SERVICES AGREEMENT WITH KPMG LLP FOR <br />ACCOUNTING SERVICES FOR RIVERSIDE PUBLIC UTILITIES OVERTIME AUDIT, <br />FOR AN AMOUNT NOT TO EXCEED $75,000 <br />ISSUES: <br />Approve a Professional Consultant Services Agreement with KPMG LLP, of Los Angeles, California, for <br />Accounting Services for Riverside Public Utilities Overtime Audit, for an amount not to exceed $75,000. <br />RECOMMENDATIONS: <br />That the Board of Public Utilities: <br />Approve a Professional Consultant Services Agreement with KPMG LLP, of Los Angeles, <br />California, for Accounting Services for Riverside Public Utilities Overtime Audit, for an amount not <br />to exceed $75,000; and <br />2. Authorize the City Manager, or his designee, to execute the Professional Services Agreement <br />with KPMG LLP, including making any non -substantive changes. <br />BACKGROUND: <br />Transparent California, by the Nevada Policy Research Institute, provides information regarding <br />California's public employees and retiree compensation. On May 22, 2017, Transparent California <br />released the 2016 data that identified a Riverside Public Utilities (RPU) dispatcher as the highest paid <br />City employee. <br />The City Manager immediately took steps to investigate and implement any corrective actions to ensure <br />adequate internal controls of overtime spending and compliance with City policies and procedures. <br />DISCUSSION: <br />On June 1, 2017 the Internal Audit Division issued a solicitation for informal quotes from a list of <br />independent, qualified certified public accounting firms to perform an analysis of RPU overtime earnings <br />over the past five (5) calendar years; and, assess compliance with City overtime policy/procedures and <br />adequacy of authorization and approval internal controls. On June 16, 2017 responses to the solicitation <br />for an informal quote were received from: <br />1. KPMG LLP, Los Angeles, California <br />2. Moss Adams LLP, Los Angeles, California <br />3. Macias Gini & O'Connell (MGO) LLP — Advisory Services, Los Angeles, California <br />4. Crowe Horwath LLP, Los Angeles, California <br />
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