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<br />Assistant Finance Director. As part of the evaluation process, the Committee shortlisted the six <br />proposals to three firms of which two were interviewed on August 5, 2010. <br /> <br />After the interviews were concluded and based on the evaluation criteria as outlined in the RFP, <br />the Committee ranked the firms in order of preference (listed below) as to the most highly <br />qualified to perform the required services. Please note that the compensation of audit fees <br />including financial statement preparation is between $37,500 and $57,000 for the first year and <br />the Federal/State Single Audits range between $2,500 and $16,000 each. <br /> <br />Committee's Ranking of Audit Firms in order of preference (with 1 being the most qualified)' <br /> <br />1. Keefe, McCullough & Co. LLP <br />2. Alberni, Caballero, & Co. LLP (AC&C) <br />3. GLSC & Company, PLLC <br /> <br />Firm's Name <br />Financial Audit <br />F IS preparation <br />Federal Single Audit <br />State Single Audit <br /> <br />Keefe, McCullou!!:h, & Co. <br />32,500 <br />5,000 <br />2,500 <br />2,500 <br /> <br />Alberni, Caballero & Co. <br />39,000 <br />Included in Audit <br />5,000 <br />5,000 <br /> <br />GLSC & Co <br />50,000 <br />7,000 <br />16,000 <br />16,000 <br /> <br />Based on the foregoing, the Committee requests that the City Commission approve the attached <br />Resolution. Assuming adoption of the attached Resolution by the Commission, staff shall <br />negotiate a contract with the firm ranked first. If staff is unable to negotiate a satisfactory <br />contract with that firm, negotiations with that firm shall be formally terminated, and staff shall <br />then undertake negotiations with the second-ranked firm. If the staff is unable to negotiate a <br />satisfactory contract with that firm, negotiations with that firm shall be formally terminated and <br />staff will undertake negotiations with the third-ranked firm. If the staff is unable to negotiate a <br />satisfactory contract with that firm, negotiations with that firm shall be formally terminated and <br />staff can reopen negotiations with the other firm. Only one firm can be in negotiations at a time. <br /> <br />The City Manager is requesting authority to execute the contract without further action by the <br />City Commission <br /> <br />ADDITIONAL INFORMATION: <br /> <br />The six firms that submitted are as follows: <br /> <br />Alberni, Caballero & Company <br />Gerstle, Rosen & Goldenberg, P.A. <br />GLSC & Company <br />Grau & Associates <br />Keefe, McCullough & Co, LLP <br />Marcum Rachlin <br />