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#09-5270 (E & Y CO #1) CHANGE ORDER CHANGE ORDER NO.1 CONTRACT NO. 09-5270 BCC Date: 6/22/1 0 Agenda Item: _16J6 TO: Ernst & Young LLP Attn: Mr. Thomas Bradley 5100 Town Center Circle Suite 500 Boca Raton, FL 33486 Under our AGREEMENT dated _June 22, 20 I 0 In accordance with Section 4 of the Agreement, you hereby are authorized and directed to make the following change(s) in accordance with terms and conditions of the Agreement: Add Exhibit A, Payment Milestones and Schedule for Auditing Services for Collier County for Fiscal Year 2011, herebly attached and incorporated by reference. FOR THE (Additive) Sum of: five hundred ninety two thousand two hundred fifty dollars ($592,250). Original Agreement Amount $575,000.00 Sum of Previous Changes $ 70,000.00 This Change Order add $592,250.00 Present Agreement Amount $ 1,237,250.00 The time for completion shall be as per attached Exhibit A due to this Change Order. Your acceptance or this Change Order shall constitute a modification to our Agreement and will be performed subject to all the same terms and conditions as contained in our Agreement indicated above, as fully as if the same were repeated in this acceptance. The adjustment, if any, to the Agreement shall constitute a full and final settlement of any and all claims of the Auditor arising out of or related to the change set forth herein, including claims for impact and delay costs. Accepted: ...JUX\-e 28 ,2011 "'-tt \U-b \o;.J,J D, SI'l"'1~) rlC,CCIATilh Type Name of Signator OWNER: BOA"F OUNTY COMMISSIONERS OF cr5,tLi R COUNTY, FLORIDA 1/ /' " By: -L..L./ Dfter< Johnssen, Project Manager , CONTRACTOR: Ernst & Young LLP III AE(TvP.... By: Date: 1-llijQO I ( A TT!;S'4l: . r .,'tl~~ ._"~~ ..... d.", .,: . )., ' .\' ~\1 -k , ~~~\., to ~ '0, . i o!lit.ure 00 I ~ Approved,As To Form and ~ Sufficien . ~ Dep Print Name: Scott Teach 09-5270 - Annual Auditing Services Change Order # 1 - Page 2 r PROCU,",\ENT STRA TEGIST 1 ! By: '_~ ))1 r~, 6t' Lyn M, W BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY FLORIDA BY: M W, ( ~_ Fred W. Coyle, Chairman "(j 2 EXHIBIT A 111111111111111111111111111111111,,"'" .... i!J ERNST & YOUNC Attachment: Basis of Compensation and Billing Schedule 1. For the Services provided for in the Agreement #09-5270 and the related Addendum #1 herein, the County agrees to make the lump sum palments to Auditor in accordance with the terms stated below, Auditor will invoice the County in accordance with the following Schedule, and payment shall be made in accordance with Chapter 218, Florida Statutes, also known as the "Local Government Prompt Payment Act." Palment of any particular line item noted below shall not be due until all services associated with any such line item have been substantially completed to County's reasonable satisfaction, 2. Payments for Additional Services of Auditor will be in accordance with the terms outlined in Article 4 of the Agreement #09-5270 and the related change order. Task 1 July Task 2 November Task 3 November- December Meet with executives and financial i $ 5,150 management to co-develop expectations. Conduct planning meetings, develop detailed audit plan. Attend Audit Committee Meeting; begin interim fieldwork (understanding and testing ofintemal controls and systems). Begin single audit planning and interim testing. Significant completion of control testing, risk assessments and audit planning. Constitutional Officer General Ledgers provided to the auditors. Begin performance of substantive testing of account balances. I Upon completion of all items associated , ! with Task 1. : $ ] 23,600 : Upon completion of I all items associated , with Task 2. I 1 i ! $ 123,600 Upon completion of all items associated with Task 3. SignIficant completion of fieldwork of Constitutional Officers. Review of Constitutional Financial Statements and conduct exit interviews on Constitutional Statements December 1-15, 2011. Begin I performance of substantive testing of account balances - Board of County Commissioners i General Ledger provided December 12, 2011. L Continue single audit testing. Addendum #1 to Agreem~t #O9~5270 Collier County, Florida Page 1 of6- U05-1260l01 A me'l'O'" 'ir'l1 o.j E,~~I i Veung ':'~O'"l..'r."tN IIIIIIIIIIIW 1111111I11111111111111"'" i!J ERNST & YOUNC I Upon completion of , all items associated with Task 4, i Task-l \ January Board financial statement audit significantly $ 154,500 complete. Single audit sigmficantly complete, The Clerk of Courts oversees preparation of draft financlal statements, notes and required , supplemental schedules and statistical data. First draft of financial statements to auditors i Januarv 20, 2012. Second draft to auditors i . lone week after review. , Upon completion of . all items associated : with Task 5, i II Task 5 February ! Issue opinion on Comprehensive AnnuaJ $ 185,400 Financial Report (CAFR), including all Constitutional Officer reports. Issue al1 other required reports, including single audit. Prescnt CAFR to the Board, Completion and i delivery of all other required reports, i including smgle audit and data collection i reports on February 28, 2012. Total Fee* (Total Items 1-5) 1 $ 592,250 * Should the number of the County's grant programs required to be audited as major exceed twenty (20) programs, our fee for such additional major programs will be seven thousand, seven hundred twenty-five dollars ($ 7,725,00) per program and the amount of the last billing will be adjusted accordingly by change order. Additionally, our fee to perform and issue a report on Agreed Upon Procedures related to the Sheriff's Investigative Funds will be seven thousand, two hundred ten dollars ($7,210,00) if the major grant programs exceed twenty (20); otherwise, the Sheriff's Investigative Funds will he included under the major programs within the agreement, the amount of the last bil1ing to be adjusted accordingly by change order, This schedule of performance is based upon the County's personnel providing a reasonable level of client assistance as well as the County's records being reasonably maintained. Should the Auditor's assumptions with respect to the condition of the records, degree of cooperation, or other matters beyond Auditor's reasonable control require additional commitments by Auditor beyond those upon which this schedule is based, Auditor reserves the right to adjust planned completion dates with the County in writing. Addendum '# 1 to Agreemrnt '#09-5270 Collier Count;" Florida Page 2 or 6- 1105-116010l ~ m..mber fir'" ~( :.eml Ii iounq G'COCli '_,mitej