06-08-2020 BPU RPT 13b - Laserfiche WebLink

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W A T E R E N E R G Y L I F E RIVERSIDE PUBLIC UTILITIES • ' Board Memorandum P U B L I C U T I L I T I E S BOARD OF PUBLIC UTILITIES DATE: JUNE 8, 2020 ITEM NO: 13b SUBJECT: PROFESSIONAL CONSULTANT SERVICES AGREEMENT WITH EIDE BAILLY, LLP IN RESPONSE TO RFP NO. 1963 FOR FORENSIC REVIEW OF THE CITY OF RIVERSIDE PARTICIPATION IN THE SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY IN AN AMOUNT NOT -TO -EXCEED $115,500 WITH A TERM ENDING DECEMBER 31, 2020 ISSUE: Recommend that the City Council approve a Professional Consultant Services Agreement for a forensic review of the City of Riverside's participation in the Southern California Public Power Authority with Eide Bailly, LLP, in an amount not to exceed $115,500 and a term ending December 31, 2020 in response to RFP No. 1963. RECOMMENDATIONS: That the Board of Public Utilities recommend that the City Council: 1. Approve a Professional Consultant Services Agreement for forensic review of the City of Riverside's participation in the Southern California Public Power Authority with Eide Bailly, LLP, in an amount not to exceed $115,500 and a term ending December 31, 2020 in response to RFP No. 1963; and 2. Authorize the City Manager, or designee, to execute all documents pursuant to the Professional Consultant Services Agreement with Eide Bailly, LLP, and any other documents as necessary to effectuate the agreement including making minor non -substantive changes. BACKGROUND: On March 13, 2019, during the City Council's Finance Committee, Vice Chair Conder requested the City of Riverside conduct a complete and independent outside audit of the Southern California Public Power Authority, including the formation of SCPPA and its' original charter, past audits conducted by the Internal Audit Department, a thorough determination as to signature authority and approval for SCPPA contracts, and transactions between RPU and SCPPA as far back as can be reasonably accomplished for a report at a future City Council Finance Committee meeting. DISCUSSION: On August 21, 2019, RFP No. 1963 for a forensic review of the City of Riverside's participation in the Southern California Public Power Authority was issued. The intent of the RFP was to find a qualified entity or individual to provide forensic review services of the City of Riverside's participation with SCPPA for a 10 -year period ending December 31, 2018.