Subject
title
Amendment to Agreement for Independent Annual Financial Auditing Services
overview
Overview
On April 22, 2024, the Orange County Transportation Authority Board of Directors approved an agreement with Crowe LLP, to provide independent annual financial, compliance, and agreed-upon procedures auditing services for a three-year initial term with one, two-year option term. The Internal Audit Department is recommending continuing the auditing services. Board of Directors’ approval is requested to exercise the option term effective April 1, 2027 through March 31, 2029.
recommendation
Recommendation(s)
Authorize the Chief Executive Officer to negotiate and execute Amendment No. 1 to Agreement No. C-3-2931 between the Orange County Transportation Authority and Crowe LLP, in the amount of $1,654,250, to exercise the two-year option term of the agreement effective April 1, 2027 through March 31, 2029, to provide the annual financial, compliance, and agreed-upon procedures audits for the fiscal years ending June 30, 2027 and 2028. This will increase the maximum obligation of the agreement to a total contract value of $3,839,750.