File #: 15-2485    Version: 1 Name: Samuel Klein 2015 Statutory Audit
Type: Resolution Status: Filed
File created: 12/30/2015 In control: Municipal Council and City Clerk
On agenda: 1/20/2016 Final action: 1/20/2016
Title: Dept/ Agency: Offices of Municipal Council/City Clerk Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Professional Service Contract Purpose: Statutory Auditor Services for the year ending December 31, 2015 Entity Name: Samuel Klein and Company Entity Address: 550 Broad Street, Newark, New Jersey 07102 Contract Amount: $354,475.00 Funding Source: City Current Fund Contract Period: January 1, 2016 through December 31, 2016 Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP (X) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Response to RFQ Received: 1
Sponsors: Council of the Whole
Title
Dept/ Agency: Offices of Municipal Council/City Clerk
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Service Contract
Purpose: Statutory Auditor Services for the year ending December 31, 2015
Entity Name: Samuel Klein and Company
Entity Address: 550 Broad Street, Newark, New Jersey 07102
Contract Amount: $354,475.00
Funding Source: City Current Fund
Contract Period: January 1, 2016 through December 31, 2016
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP (X) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Response to RFQ Received: 1

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WHEREAS, the City of Newark on behalf of the Municipal Council, advertised a Request for Qualifications (RFQ) for Statutory Auditor Services, pursuant to N.J.S.A. 40A:5-4, for Calendar Year ending December 31, 2015; and

WHEREAS, auditing services are professional services, exempt from the public bidding requirements of the Local Public Contracts Law, N.J.S.A. 40A:11-1, et seq., as the services are provided by a Registered Municipal Accountant pursuant to N.J.S.A. 40A:5-9; and

WHEREAS, a Qualification Statement was received on December 9, 2015 from Samuel Klein and Company, CPA's (Joseph J. Faccone, Registered Municipal Accountant), 550 Broad Street, Newark, New Jersey 07102, the Qualification Statement was found to be in the best interest of the City of Newark to accept; and

WHEREAS, the Municipal Council of the City of Newark wishes to enter into a contract with Samuel Klein and Company, CPA's, 550 Broad Street, Newark, New Jersey 07102, which is or employs five (5) Registered Municipal Accountants to provide Statutory Auditor Services for the year ending December 31, 2015, for the Municipal Council, in the amount of $354,475.00, for the period of January 1, 2016 through D...

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