Title
Resolution approving a contract with Baker Tilly US, LLP, Oak Brook, Illinois for Fiscal Year (FY) 2020 audit consulting services in an amount not to exceed $75,000 and authorizing a line item transfer in the FY 2021 Finance and Administrative Services budget.
Staff Summary
• The Finance and Administrative Services Department (FAS) currently has a vacancy in its Controller position. Efforts to recruit for the position in Fall 2020 and to obtain temporary assistance in early 2021 were unsuccessful.
• FAS has developed a scope of work with the accounting firm, Baker Tilly to assist with the timely and accurate completion of the FY 2020 audit.
• Baker Tilly previously conducted the external annual audit for Lake County and is still conducting the independent external audit of the Circuit Clerk’s office. This previous long-standing, successful relationship was identified as the reason for identifying this contractor as a single source. A sole source committee reviewed the request and the Purchasing Agent has granted an exemption from a competitive procurement under Chapter 6-102 of the Purchasing Ordinance.
• This contract will not exceed $75,000 and is funded through a transfer of budget authority from salaries to professional services in the FY2021 FAS Budget.
Body
R E S O L U T I O N
WHEREAS, the Finance and Administrative Services Department is in need of professional services to assist with the timely and accurate close out and audit of Fiscal Year (FY) 2020; and
WHEREAS, Lake County has a longstanding, successful relationship with Baker Tilly US, LLP; and
WHEREAS, this expense can be funded by the existing Finance and Administrative Services FY 2021 budget through a line item transfer; and
WHEREAS, Baker Tilly US, LLP has provided an engagement letter and statement of work to assist with the stated needs.
NOW THEREFORE BE IT RESOLVED, by this County Board of Lake County, Illinois, that the professional services agreement for FY 2020 audit consulting services in an amount not to exceed $75,000 is authorized; and
BE IT FURTHER RESOLVED that a line item transfer is authorized in the amount of $75,000 from 101-1200010-51110, Salaries, to 101-1200010-71150, Consulting.
DATED at Waukegan, Illinois, February 9, 2021.