Title
a. Approve and authorize the Auditor-Controller to sign a Renewal Sales Order with LeaseQuery, LLC, applying the terms and conditions of the parties' previously Board-approved Subscription Agreement ("Agreement") dated March 23, 2021, for a software tool for analysis of County's real property and other types of leases in compliance with Governmental Accounting Standards Board (GASB) Statement No. 87, extending the agreement for an additional one-year term (retroactive to March 23, 2022 through March 22, 2023), for a revised total agreement term of March 23, 2021 through March 22, 2023, and adding $2,455 for a total agreement liability of $59,355; and
b. Authorize the Auditor-Controller to amend the total liability of the Agreement by no more than ten percent (10%) ($5,690) of the original cost of the Agreement.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and authorize the Auditor-Controller to sign a Renewal Sales Order with LeaseQuery, LLC, applying the terms and conditions of the parties' previously Board-approved Subscription Agreement ("Agreement") dated March 23, 2021, for a software tool for analysis of County's real property and other types of leases in compliance with Governmental Accounting Standards Board (GASB) Statement No. 87, extending the agreement for an additional one-year term (retroactive to March 23, 2022 through March 22, 2023), for a revised total agreement term of March 23, 2021 through March 22, 2023, and adding $2,455 for a total agreement liability of $59,355; and
b. Authorize the Auditor-Controller to amend the total liability of the Agreement by no more than ten percent (10%) ($5,690) of the original cost of the Agreement.
SUMMARY/DISCUSSION:
The office of the Auditor-Controller (ACO) is charged with ensuring the County's Annual Comprehensive Financial Report (ACFR) complies with the principles as set forth by the Governmental Accounting Standards Board (GASB). GASB is the governing...
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