Title
a. Approve and Authorize the Auditor-Controller to sign a non-standard agreement with LeaseQuery, LLC 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, for an agreement term of March 23, 2021 through March 23, 2022, for an agreement amount not to exceed $56,900; and
b. Approve the recommendation of the Auditor-Controller to accept all non-standard provisions in Agreement, including insurance, limitation of liability, and indemnification; and
c. Authorize the Auditor-Controller to sign up to three one-year future amendments to the Agreement where the amendments do not significantly alter the scope of work.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and Authorize the Auditor-Controller to sign a non-standard agreement with LeaseQuery, LLC 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, for an agreement term of March 23, 2021 through March 23, 2022, for an agreement amount not to exceed $56,900; and
b. Approve the recommendation of the Auditor-Controller to accept all non-standard provisions in Agreement, including insurance, limitation of liability, and indemnification; and
c. Authorize the Auditor-Controller to sign up to three one-year future amendments to the Agreement where the amendments do not significantly alter the scope of work.
SUMMARY/DISCUSSION:
The office of the Auditor-Controller (ACO) is charged with ensuring the County's Comprehensive Annual Financial Report (CAFR) complies with the principles as set forth by the Governmental Accounting Standards Board (GASB). GASB is the governing body that issues accounting and financial reporting standards for state and local governments. Complying with GASB is mandated but also is a requirement for the County to continue...
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