Title
Dept/ Agency: Offices of Municipal Council/City Clerk
Action: (X ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Service Contract
Purpose: To provide statutory auditor Services for calendar-year ending December 31, 2012
Entity Name: Samuel Klein and Company
Entity Address: 550 Broad Street, Newark, New Jersey 07102
Contract Amount: $348,950.00
Funding Source: Office of the City Clerk/ 2012 Budget
Contract Period: January 1, 2012 through December 31, 2012
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( X ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
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WHEREAS, the Office of the City Clerk on behalf of the City of Newark and the Municipal Council advertised an RFP for Statutory Auditor Services pursuant to N.J.S.A. 40A:5-4 for related accounting and auditing services for the Municipal Council year ending December 31, 2012 ; 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 primarily by Certified Public Accountants, who are also designated as Registered Municipal Accountants; and
WHEREAS, five (5) proposals were received on March 21, 2013, with Samuel Klein and Company (Joseph J. Faccone, Registered Municipal Accountant), 550 Broad Street, Newark, New Jersey 07102, submitting a Proposal that was found to be in the best interest of the City of Newark to accept, with price and other factors considered; and
WHEREAS, the Office of the City Clerk of the City of Newark on behalf of the Municipal Council wishes to enter into a contract with Samuel Klein and Company, 550 Broad Street, Newark, New Jersey 07102, who employs Registered Municipal Accountants to provide Statutory A...
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