Lance, Soll & Lunghard, LLP-2018-49 FIRST AMENDMENT
TO
AGREEMENT FOR AUDIT SERVICES
This FIRST AMENDMENT ("FIRST AMENDMENT") to the Agreement for
Financial Auditing Services with Lance, Soll & Lunghard, LLP ("AGREEMENT") is
entered into.by and between the CITY OF GRAND TERRACE, hereinafter referred to as
the "CITY," and LANCE, SOLL & LUNGHARD, LLP, hereinafter referred to as
"AUDITOR," is entered into the 23rd day of October, 2018.
RECITALS
WHEREAS, the CITY entered into the AGREEMENT with AUDITOR on
August 26, 2014 to perform financial auditing services for the CITY;
WHEREAS, CITY and AUDITOR wish to amend the AGREEMENT in order.to
extend the contract for two years..
NOW,THEREFORE, the parties agree as follows:
1. Paragraph 2 (Term of Agreement) of the AGREEMENT is hereby amended to
read as follows:
TERM OF AGREEMENT. The term of this Agreement shall be from
date executed and shall end with the completion of all deliverables related to the
audit for Fiscal Year 2019-20.
2. Paragraph 4 (Payment for Services) of the AGREEMENT is hereby amended to
read as follows:
PAYMENT FOR SERVICES. The CITY shall pay for the services
performed by AUDITOR pursuant to the terms of this Agreement, the
compensation set forth in the "Audit Work Cost Proposal," which contemplates
the fees for the services through Fiscal Year 2017-18, and "LSL Proposed Audit
Fees," which contemplates fees for the services through Fiscal Year 2019-20. The
fees for all services shall not exceed the amounts shown in Exhibit "A" for each
fiscal year as shown therein. Invoices shall be submitted for work completed on a
progress billing basis to the CITY. Upon verification that the invoice accurately
reflects the work performed, the CITY shall pay AUDITOR within thirty (30)
days therefrom.
3. Exhibit A of this FIRST AMENDMENT, attached hereto and incorporated herein
by this reference, -is hereby added to, and shall supplement, Exhibit A of the
AGREEMENT.
01247.0001/518310.2 Page 1 of 4
4. Except as amended by this FIRST AMENDMENT, all provisions of the
AGREEMENT shall remain unchanged and in full force and effect. From and after the
date of this FIRST AMENDMENT, whenever the term "AGREEMENT" appears in the
AGREEMENT, it shall mean the AGREEMENT, as amended by this FIRST
AMENDMENT.
5. CITY and AUDITOR each ratify and reaffirm each and every one of the
respective rights and obligations arising under the AGREEMENT. Each party represents
and warrants to the other that there have been no written or oral modifications to the
AGREEMENT other than as provided herein. Each party represents and warrants to the
other that the AGREEMENT is currently an effective, valid, and binding obligation.
AUDITOR represents and warrants to CITY that, as of the date of this
AMENDMENT, CITY is not in default of any material term of the AGREEMENT and
that there have been no events that, with the passing of time or the giving of notice, or
both,would constitute a material default under the AGREEMENT.
6. The parties hereto irrevocably stipulate and agree that they.have each received
adequate and independent consideration for the performance of the obligations they have
undertaken pursuant to this AMENDMENT.
7. The persons executing this AMENDMENT on behalf of the parties hereto warrant
that (i) such party is duly organized and existing, (ii) they are duly authorized to execute
and deliver this AMENDMENT on behalf of said party, (iii) by so executing this
AMENDMENT, such party is formally bound to the provisions of this AMENDMENT,
and(iv) the entering into this AMENDMENT does not violate any provision of any other
agreement to which said party is bound.
[SIGNATURE PAGE FOLLOWS IN PAGE 31
01247.0001/518310.2 Page 2 of 4
IN WITNESS WHEREOF this FIRST AMENDMENT is signed by the parties
hereto on the date first above written.
"CITY OF GRAND TERRACE"
Date
c Mayor
"AUDITOR"
Lance, Soll & Lunghard, LLP
Date By
Attest:
Debra Thomas, City Clerk
APPROVED AS TO FORM
Adrian R. Guerra, City Attorney
01247.0001/518310.2 Page 3 of 4
IN WITNESS WHEREOF this FIRST AMENDMENT is signed by the parties
hereto on the date first above written.
"CITY OF GRAND TERRACE"
Date
Darcy McNaboe.Mayor
"AUDITOR"
Lanee;S611&Zunghard,LLP
DateBy
Attest:
Debra Thomas, City Clerk
APPROVED AS TO FORM
Zvi
Adrian R. Guerra, City Attorney
01247.0001/518310.2 Page 3 of 4
EXHIBIT "A"
LSL PROPOSED AUDIT FEES
City of Grand Terrace
LSL Proposed Audit Fees
i
FY2018- FY2019-
2019 2020
City $21,490 $21,920
CAFR Preparation _ $3,860 i $3,937
f
City Controllers
Report $3,300 $3,366
Street Report $1,020 $11040
_
ISingle Audit $3,580 i $3,652
Housing Successor $5,500 $5,610
GASB 68 $2,000 $2,040
— 40 550 41 565
01247.0001/518310.2 Page 4 of 4