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Meeting Date:
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2/27/2025 - 6:00 PM
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Category:
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Purchasing
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Type:
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Action
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Subject:
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12.14 Renewal of Professional Accounting and Auditing Services Contract 9854R1
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Strategic Plans:
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Priority 1.2 1.2 Adopt a sustainable fiscal strategy and operating budget that is aligned with the strategic plan and drives district priorities.
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Enclosure
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File Attachment:
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Summary:
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WHEREAS, proposals were electronically received in accordance with N.J.S.A. 18A:18A-4.5 on Wednesday, January 31, 2024 after public advertisement for Professional Auditing and Accounting Services. Request for proposals were issued to eight (8) vendors with two (2) vendors responding; and
WHEREAS, auditing services are required to perform our fiscal year annual audit pursuant to N.J.S.A. 18A:23-1 and in accordance with the Standard Audit Program and Procedure for Boards of Education; and
WHEREAS, the Newark Board of Education approved the original award of contract during the March 28, 2024 Board Meeting for a one (1) year period of April 1, 2024 through March 31, 2025 with an option to renew for two (2) successive one (1) year periods; and
WHEREAS, the Newark Board of Education desires to exercise its first one (1) year renewal option commencing April 1, 2025 through March 31, 2026; and
WHEREAS, the recommendation for renewal of term contract has been reviewed and approved by Pablo Canela, Executive Controller.
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Funding :
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Subject to the availability of funds.
10-11-000-230-333-301-000-000
10-11-000-230-339-301-000-000
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Recommendation to the Board:
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NOW THEREFORE BE IT RESOLVED that the Newark Board of Education accepts and approves the renewal of term contract for Professional Accounting and Auditing Services for a one (1) year period of April 1, 2025 through March 31, 2026 with the option to renew for one (1) successive one (1) year period as follows:
PKF O'Connor Davies, Cranford, NJ at a cost not to exceed $299,800.00
EXPLANATION: Professional Accounting and Auditing Services are needed to perform the 2024-2025 fiscal year annual audit pursuant to N.J.S.A. 18A:23-1 and in accordance with the Standard Audit Program and Procedure for Boards of Education.
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Approvals:
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Recommended By:
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Signed By:
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Sherelle Spriggs - Director Support Services
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Signed By:
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Ty-Shanique Addison - Principal Fiscal Analyst
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Signed By:
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Pablo Canela - Executive Controller
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Signed By:
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Valerie Wilson - School Business Administrator
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Signed By:
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Roger León - Superintendent
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Vote Results:
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| Original Motion | Member Daniel Gonzalez Moved, Member Helena Vinhas seconded to approve the Original motion 'NOW THEREFORE BE IT RESOLVED that the Newark Board of Education accepts and approves the renewal of term contract for Professional Accounting and Auditing Services for a one (1) year period of April 1, 2025 through March 31, 2026 with the option to renew for one (1) successive one (1) year period as follows:
PKF O'Connor Davies, Cranford, NJ at a cost not to exceed $299,800.00
EXPLANATION: Professional Accounting and Auditing Services are needed to perform the 2024-2025 fiscal year annual audit pursuant to N.J.S.A. 18A:23-1 and in accordance with the Standard Audit Program and Procedure for Boards of Education.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 9 Nay: 0. | | The motion Carried 9 - 0 | | | | | Dawn Haynes | Yes | | Josephine Garcia | Yes | | Hasani Council | Yes | | Vereliz Santana | Yes | | Crystal Williams | Yes | | Daniel Gonzalez | Yes | | Allison K. James-Frison | Yes | | Kanileah Anderson | Yes | | Helena Vinhas | Yes | |
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