Title
Dept./ Agency: Offices of Municipal Council/City Clerk
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Service Contract (Non-Fair and Open) Exception to Public Bidding - pursuant to N.J.S.A. 40A:11-5(1)(a)(i)
Purpose: To provide for the award of a contract for the Audit of the fiscal activities of the City of Newark for both Statutory Audit and the Single Audit - for the preparation and filing of the 2020 Annual Debt Statement, 2020 Annual Unaudited Financial Statement, the 2021 Municipal Budget and Budget Amendments, the Budget Appropriation CAP Calculation, the Budget Levy CAP Calculation Workbook and the Calculation for the Reserve for Uncollected Taxes.
Entity Name: Samuel Klein and Company
Entity Address: 550 Broad Street, 11th Floor, Newark, New Jersey 07102
Contract Amount: Not to exceed $485,000.00
Funding Source: 2020 Budget/Office of the City Clerk/NW011-025-0251-71250-B2020
Contract Period: One (1) year from the date of adoption by the Municipal Council
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
( ) Fair & Open (X) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
body
WHEREAS, the Office of City Clerk wishes to enter into a contract with Samuel Klein and Company, 550 Broad Street, 11th Floor, Newark, New Jersey 07102, to provide 2020 Statutory Audit Services, Single Audit for the Calendar Year ending December 31, 2021, review of the Annual Debt Statement, Annual Unaudited Financial Statement, Advisory Services for the 2021 Municipal Budget and Other Related Accounting Services; and
WHEREAS, the auditing services are a Professional Service Contract, 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, pu...
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